The aftershocks from the new W-4 and updated withholding tables just keep on coming! IRS and the Treasury Department just released proposed regulations to reflect the changes to come out of the Tax Cuts and Jobs Act. And they should give your payroll department some welcome clarity. First, a key reminder: The regs make it […]
For the next two months your company doesn’t have to physically lay hands on employment authorization documents to accept them. That’s the word from the Department of Homeland Security in light of the COVID-19 epidemic. But you will have a new process to follow to stay in compliance. Check out the details. Check I-9 documentation […]
You’re currently bombarded by information about COVID-19, the coronavirus pandemic gripping the world right now, much of it changing hour to hour. You’re likely bombarded by questions too — from employees, customers, your CEO. But it’s critical you as CFO also ask a few key questions to make sure your business is ready to weather […]
There’s a lot of information out there on the coronavirus – unfortunately, some of it not accurate. Here’s a resource with all the basics. Download the CFO Daily News infographic, Fast Facts on Coronavirus (COVID-19) here.
The Coronavirus has businesses and employees alike on edge. This exclusive CFO Daily News PowerPoint presentation can help.
Calculating the value of company cars employees drive for their personal use just got a little easier now that IRS has released final regs. And they took effect Feb. 5, 2020. The final regs provide the details you and your payroll department need to tax this fringe benefit correctly in accordance with the Tax Cuts […]
Circle this day in red on your Finance calendar: March 20, 2020. That’s when the per-transaction dollar limit for Same Day ACH quadruples. The current $25,000 cap will jump to $100,000. It’s the latest in a series of enhancements designed to increase adoption. It’s estimated the current $25,000 threshold covers about 89% of business-to-business transactions. […]
UPDATE: The National Labor Relations Board has announced the final rule will take effect April 27. Good news for employers everywhere: You’re now less likely to end up on the hook for another business’ compliance missteps. The Department of Labor (DOL) just released the final version of the joint-employer rule. And it’s effective March 16, […]
These are some tricky times when it comes to withholding, thanks to the new tables and new W-4. Which is likely why IRS issued new guidance on how your team should handle lock-in letters. The letters spell out the withholding arrangement that IRS selected to correct an under-withholding issue for a specific employee. The Q&A-style guidance walks […]
IRS would like you and your finance team to bump “Create more secure passwords” to the top of your priority list for 2020. The Taxman recently released new advice in honor of National Tax Security Awareness Week. And it has some very specific guidelines when it comes to passwords. Here’s what IRS expects of you […]