Failure to File Deadline Approaching for EEO-1 Report Employers are reminded of the impending deadline for the EEO-1 report, specifically the Component 1 filing due on July 9, 2024. Failure …
Draft of April 2024 Version of Form 941-X and Instructions Released The IRS released drafts of Form 941-X and its instructions with an April 2024 revision date. Form 941-X. Employers use Form 941-X to correct …
IRS Updates Substitute Form 941, Schedules, and 8974 Specifications The IRS has released updated guidance for specifications for substitute Form 941 (Employer’s Quarterly Federal Tax Return), Schedule B (Form …
Shift Workers May Be Affected by March 10 Daylight Savings Time Change Daylight savings time begins at 2:00 a.m. on March 10, when clocks are set ahead by one hour across most …
Leap Year May Cause Extra Paydays A leap year is a calendar year that contains an additional day compared to a common year. The 366th day …
PayrollOrg Encourages United Nations to Develop AI Guidelines in Payroll to Identify Potential Biases In a letter to the United Nations (UN) Office of the Secretary-General’s Envoy on Technology, PayrollOrg (PAYO) encouraged the global organization to develop …
Government Grants Accounting to Get New Rules, Establishing Reporting Guidelines for Businesses he FASB voted on June 4, 2024, to issue a proposal that aims to standardize and clarify the accounting practices …
PCAOB Proposes Rule Revision to Increase Auditor Accountability The Public Company Accounting Oversight Board (PCAOB) on Sept. 19, 2023, issued a proposal intended to more effectively deter auditor …
Experts Discuss Impacts of TCJA Expirations on S-Corps, Path Forward Hill staff and tax practitioners considered how allowing Tax Cuts and Jobs Act (TCJA; PL 115-97) provisions to expire would impact …