In December of 2019, the IRS released a new tool that might be very helpful to employers dealing with the updated 2020 Form W-4. Payroll professionals are getting questions from employees - “If I give you a new W-4, how will this affect the federal taxes withheld from my paycheck?” This can be a difficult […]
continue reading...Posts Tagged ‘payroll’
2020 IRS Form W-4 – What You Need to Know
In December 2019, the IRS released the 2020 Form W-4, Employee’s Withholding Certificate. This version of the form has been changed from the previous draft form that was released in August. In addition, there is a noteworthy change on how you can find Federal Income Tax Withholding Method tables. With tax season upon us, here’s […]
continue reading...Mise à jour de fin d’année du module de paie canadienne de Dynamics GP disponible
La mise à jour de fin d’année du module de paie canadienne de Microsoft Dynamics GP est parue le 20 décembre dernier. Voici ce qu’il vous faut savoir. De quoi ai-je besoin avant d’installer la mise à jour? La plupart des organisations demandent à leur partenaire Dynamics GP d’installer la mise à jour du […]
continue reading...Year-End Update for the Dynamics GP Canadian Payroll Module Now Available
The year-end update for the Microsoft Dynamics GP Canadian Payroll module has been released on December 20. Microsoft is currently documenting the changes that will be applied, but in the meantime, here is what you should know about the 2019 year-end update for the Canadian payroll module. What do you need to do before […]
continue reading...2020 W-4 Compliance Updates
IT’S HERE! The IRS has released the final W-4 for the 2020 tax year. Any employee that needs to make a change to their federal withholding effective on or after 1/1/2020 will be required to use the new form. This form change has significant impact on payroll professionals and their employees. In addition, several states have […]
continue reading...California Bill puts “Gig Economy” Jobs in Jeopardy
In September 2019, California passed legislation that could put the “gig economy” job market in question. What is “gig economy”? It is a labor market that is characterized by the prevalence of short-term contracts or freelance work, as opposed to permanent jobs. Often also referred to as a "side hustle," though for some it is […]
continue reading...Joint Employer Status Changes Could Be Coming Soon
On April 1, 2019, the U.S. Department of Labor (DOL) published a proposed rule that affects the definition of joint employer status, commonly understood as a situation where an employee is employed by multiple organizations that have some relationship in the management of the employee. The definition of joint employer status today is generally based […]
continue reading...Payroll Transaction Start / End Date Feature in Dynamics GP 2018 R2
You can now limit the use of the pay code during the Build Payroll Batch process and the Payrol Transaction Entry, with the release of Microsoft Dynamics GP 2018 R2. This software includes two additional fields for a Start Date and an End Date on the employee pay code maintenance window. If you’re acquainted with […]
continue reading...What’s New with the W-4 in 2019?
The Tax Cuts and Jobs Act (TCJA) - passed in December of 2017 - still has payroll professionals on edge as they continue to wait for the IRS to finalize the calculation for withholding federal tax from employees. The TCJA made significant changes to how federal tax is calculated for individual taxpayers. In addition, many […]
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