Taxes April 29, 2026
California Considers Tax on Retirement Accounts
The effort, though, may have an impact on a dueling campaign to tax California's billionaires to offset federal healthcare cuts.
December 13, 2015
Women Face Different Retirement Challenges than Men
Some research has indicated that women might save 40 percent less in their 401(k) accounts than men, which adds up to an average of $59,300 for female workers – as opposed to an average of $100,000 for males in the workforce.
December 13, 2015
5 Focus Areas for Retirement Planning
The age in which you elect to receive Social Security benefits may be the most important factor in this area. Delaying benefits as long as you can will increase the monthly amount you receive. However, spousal benefits ...
December 13, 2015
New IRS Program Focuses on Alerting Employers to Delinquent Payroll Taxes
Employers, especially those facing liquidity difficulties, sometimes inappropriately divert funds withheld from employees’ pay for working capital or other purposes. Even when well-intentioned, such diversions can quickly result in mounting tax ...
December 11, 2015
New Privacy Concerns with ACA Reporting for Businesses with 50+ Employees
Starting this filing season, reporting is mandatory for any company with at least 50 full-time equivalent (FTE) employees.
December 11, 2015
Businesses Face Up to $1 Million Fine for Failure to File W-2s and 1099s
This summer, the IRS increased penalties for failure to file correct information returns and failure to provide correct payee statements for information returns filed after December 31, 2015, with maximum penalties on small businesses increasing from ...
December 11, 2015
ADP Testing New W-2 Verification Code to Fight Tax ID Theft
For selected clients, ADP will include the Verification Code in a designated box of the 2015 Forms W-2 issued to its clients’ employees. ADP will generate the alphanumeric code based on select data elements on each Form W-2, and an algorithm provided ...
December 11, 2015
Minimum Wage Changes to Hit Several States in 2016
Fifteen states, plus the District of Columbia, index their minimum wages to rise automatically with the cost of living. Ten states currently index minimum wage increases each year: Arizona, Colorado, Florida, Missouri, Montana, Nevada, New Jersey, ...
December 11, 2015
How to Grow Your Payroll Business by Asking Clients for Referrals
As you prepare for the end of the year, obtaining new clients is probably on your growth plan for the new year. While there are many ways to gain new clients, the most effective way is through customer referrals.
December 9, 2015
Workday Partnership with ADP Streamlines Payroll
The partnership plans to leverage the next level in integration technology to unite Workday Human Capital Management (HCM) and ADP Global Payroll in a single user experience within Workday, enabling multinational organizations to more effectively ...
December 3, 2015
New Clarity on Worker Classification
The new DOL guidance focused on six new factors, but two of them really stood out for domestic workers – economic dependence and permanence.
December 2, 2015
How to Help Gen X Employees Be Prepared for Retirement
Engage your Gen X employees by helping them to strike a financial balance that meets the demands of today while planning for the concerns of tomorrow.
December 2, 2015
The 5 Most Common Payroll Mistakes by New Businesses
If you come across any type of mistake, such as overpaying or underpaying employees, it is imperative to act fast, discuss the situation with your workers, and provide a remedy that will allow both parties to put this in the past.