Some employers may have an extra payday to process in 2024 due to it being a leap year. In a normal year, one day of the week will occur 53 times (52 weeks x 7 days/week = 364 days). In leap years,...
Some employers may have an extra payday to process in 2024 due to it being a leap year. In a normal year, one day of the week will occur 53 times (52 weeks x 7 days/week = 364 days). In leap years,...
The IRS released the 2024 Form 941, Employer’s Quarterly Federal Tax Return; Schedule B, Report of Tax Liability for Semiweekly Schedule Depositors; and Schedule R, Allocation Schedule for Aggregate...
During the January IRIS working group meeting, an IRS representative provided filers with updates regarding the Information Returns Intake System (IRIS), which opened for tax year 2023 filing on...
The Social Security Administration (SSA) provided a 32-minute webinar that explains how to register to use its Business Services Online (BSO). The webinar slide presentation and Q&As are also...
At a public meeting on November 9, the IRS Advisory Council (IRSAC) presented its annual report [Publication 5316, rev. 11-23]. The general report identifies one main issue and contains...
On October 30, President Biden issued an Executive Order that establishes new standards for artificial intelligence (AI) safety and security to protect Americans from the potential risks of AI...
Starting November 1, employers must use the most current version of Form I-9, Employment Eligibility Verification, which has an edition date of 8-1-23 [USCIS, Countdown to Nov. 1 Is On! – Make Sure...
The Office of Child Support Services (OCSS) released a revised version of the income withholding order for support form (IWO) and its instructions with no substantial changes [OCSS, AT-23-13,...
The IRS has released the optional “high-low” per diem rates for lodging expenses and meals and incidental expenses (M&IE) that may be used instead of the General Services Administration’s “actual”...
On September 14, the IRS announced it would immediately stop processing new claims for the employee retention credit (ERC) through at least December 31 to help protect businesses from scams [...
