View the Spring SSA/IRS Reporter Newsletter here.

The IRS and DOL are cracking down on misclassification of employees as independent contractors.  Read more here.

Employers may reclassify independent contractors as employees and limit the resulting federal payroll taxes for their most recent tax year, plus avoid related penalties and interest for prior years . . . read more here.

 

Wisconsin Unemployment Insurance . . . Information on Special Assessment for Interest

Letters were mailed the week of June 20 notifying affected Wisconsin employers of a Special Assessment for Interest that will be billed in early August 2011.  Get your questions answered here.

An updated Pub. 15, Employer's Tax Guide, is now available for download (http://www.irs.gov/pub/irs-pdf/p15.pdf).  Section 14 explains the decrease in the FUTA employer tax liability beginning July 1, 2011.  PAYXPERTS is equipped to track both the old and new rates correctly.  You can rely on the reports provided to you each month.

Tax refund related identity theft is on the rise.  Victims are finding it frustrating going through the process of proving their identity to the IRS in order to receive, possibly years later, the tax refund they are due.  The only surefire way to avoid this delay is to be certain your W-4 and state withholding forms are filled out to your best advantage.  If you are not due a large refund at years end, it could eliminate years of waiting.  Use the IRS W-4 Wizard to determine how to complete your form.

The elaws Advisors are interactive e-tools that provide easy-to-understand information about a number of federal employment laws.

Have you ever considered hiring a Veteran?  Check here for information on programs to help you find the most qualified workers.

Your employees may review their form W-4 by going here.  

Just a reminder . . . giving tax advice to employees is never recommended.

Tip of the Day

Do not void an outstanding payroll check.

Wisconsin state law governs unclaimed checks.  

For more information, click here.