On December 4, the U.S. Department of Education announced it will extend the student loan relief until January 31, 2021, in response to the COVID-19 pandemic.

more

The IRS released a revised Form 941-X and its instructions so employers can correct the deferred amount of the employee’s share of social security tax for the third and fourth quarters of 2020.

more

The IRS has clarified how employers should complete Forms W-2 if they deferred the employee share of social security tax in 2020.

more

The IRS announced changes to update 2021 limits on pension plans and other cost-of-living adjustments.

more

The IRS released the 2020 Affordable Care Act (ACA) forms and instructions with few changes.

more

On October 13, the Social Security Administration announced that that the 2021 social security wage base will be $142,800, which is an increase of $5,100 from 2020.

more

The IRS issued final regulations to update the federal income tax withholding rules and reflect changes made by the Tax Cuts and Jobs Act.

more

The U.S. Department of Labor issued a proposed rule to determine whether a worker is an employee under the Fair Labor Standards Act or an independent contractor.

more

APA’s Preparing for Year-End and 2021 seminar provides updates on the latest changes in legislation and regulations that affect the close of 2020 and the first payroll of 2021. The seminar begins in...

more

The IRS said a small number of employers that reduced their tax deposits in anticipation of claiming COVID-19-related credits may have inadvertently received an IRS penalty notice. These employers do...

more