Tax & Accounting Blog

Minimum Wage Changes for 2017

Minimum Wage Changes for 2017

Several states and localities have announced minimum wage changes for 2017. Twenty-five states, plus the District of Columbia, index their minimum wages to rise automatically with the cost of living. Four more states, also including the District of Columbia, will index minimum wage increases annually beginning in future years: Alaska (2017), Washington, D.C. (2017), Minnesota … Read More

2016 Year-End Training Opportunities

2016 Year-End Training Opportunities

It’s time to boost your productivity and get the most out of your software. Our year-end training is designed to provide you, your firm and employees with the knowledge and skills to help you become more effective and efficient. It’s an investment in yourself and your firm that will pay off next year. Plus, it’s … Read More

Sell and Market High-Value Payroll Services with myPay Solutions

Sell and Market High-Value Payroll Services with myPay Solutions

Like most practitioners, the prospect of expanding into a full-service firm is your ideal. You’d love your clients to come to you for all their accounting and tax needs—and to take advantage of the high-value services that can help them better run their businesses. So which services can you offer? What about payroll, one of … Read More

State-by-State Reciprocity Agreements

State-by-State Reciprocity Agreements

Let’s talk reciprocals. Reciprocity agreements mean that two states allow its residents to only pay tax on where they live—instead of where they work. For instance, this is particularly important to higher wage earners who live in Pennsylvania and work in New Jersey. Pennsylvania’s top rate is 3.07%, while New Jersey’s top rate is 8.97%. … Read More

Same Day ACH is Almost Here

Same Day ACH is Almost Here

On September 23, 2016, Same Day ACH becomes a reality. Let’s take a few minutes for a refresher. The Electronic Payments Association (NACHA, previously the National Automated Clearing House Association) has adopted a rule to move payments faster by enabling same day processing for ACH payments. Currently, NACHA moves money between financial institutions with … Read More

Minimum Wage Updates—July 2016

Minimum Wage Updates—July 2016

Without much fanfare, several minimum wage changes occurred on July 1, 2016. Minimum wage increases usually take effect on January 1 of each year, but several areas—particularly localities—enacted changes in July due to increased pressure and publicity nationwide around minimum wages. Keep reading for a list of many of these changes and how Thomson Reuters … Read More