Employee Transit Expense Changes
Submitted by admin on
As you may now be aware, the IRS has issued a change in the amount of employee transit expenses that are excludable from taxable wages.
Year-End
Employer Tax Dates to Remember
Submitted by CICplus on
We can dramatically decrease your workload this time of year with our online W-2 solution. We help our clients stay compliant and on time with their IRS documentation. So contact us if you’d like to learn more.
Staying on Top of the Fiscal Cliff
Submitted by CICplus on
Late Tuesday, Congress finally worked out a partial deal to avert the full impact of the fiscal cliff. With President Obama’s signature in place, the deal will make the Bush administration’s tax cuts for individuals earning less than $400,000 annually (and couples earning less than $450,000 annually) permanent. However, it will raise rates on those who make more than that.
New! Medical Resident FICA Refund Solution
Submitted by CICplus on
In the 1990s, employers and individual taxpayers (medical residents) began filing FICA refund claims based on the position that medical residents are students eligible for the FICA tax exception under Internal Revenue Code section 3121 (b)(10). This is referred to as the “Student Exception."
Do You Charge to Reissue Employee W-2 Forms?
Submitted by CICplus on
Many of our clients charge for reissues. The costs range from $5 to $25 for a reprint. It is up to the client. Some charge for all forms or have current year forms free while historical forms have a cost.
Now Is the Time to Start HR Self-Service
Submitted by CICplus on
As you take your first deep breath following the January W-2 rush, now is the perfect time to think about getting a system in place to avoid the same hectic year-end scramble for tax year 2012.
While many payroll and HR teams were racing to answer phone calls, track down documents, and reissue W-2s, our clients were enjoying a more productive, calmer start to their year.
W-2 Solutions
Submitted by CICplus on
January can be a real strain on payroll teams as staff rushes to keep up with the increased workload that accompanies year-end and preparation for tax season. Repeated phone calls like “How do I get a copy of my W-2?” and “I need to change something on my W-2″ can be time consuming, not to mention the actual work involved to make changes and mail out copies.
