Tax & Accounting Blog

Payroll Updates — New Email Options for EFTPS Users, Accelerated W-2s and 1099s

Payroll Updates — New Email Options for EFTPS Users, Accelerated W-2s and 1099s

New email options for EFTPS users Electronic Federal Tax Payment System (EFTPS) users now have the option to receive emails from the IRS about their electronic tax payments. You can sign up for payment status emails by visiting eftps.gov/eftps. EFTPS is the electronic funds transfer (EFT) system used by the Treasury Department to collect … Read More

Unemployment Rates and Important Due Dates

Unemployment Rates and Important Due Dates

This month, let’s discuss unemployment rates. Most states set unemployment rates using individual company fund balances, type of industry and experience. The following states also allow companies to “buy down” their individual unemployment rates for the next year by making a voluntary contribution. This calculation is available on the state websites (e.g. Massachusetts … Read More

Legislation Updates for 2017

Legislation Updates for 2017

Let’s take a look at what we can anticipate in the next few months with potential new legislation. Federal health reform — President Trump wants to replace the Affordable Care Act…what he’ll replace it with is anyone’s guess. What we know for now is that the ACA is here to stay for 2017 and possibly … Read More

Final Pay Information for Terminated Employees

Final Pay Information for Terminated Employees

“When do I need to give an employee their final pay?” This question comes up frequently — even daily for some companies. Let’s say you’ve made the difficult decision to terminate an employee. The rules and timing of their final paycheck is determined by the state in which the employee works. For some states the … Read More