PAYROLL SOURCE TABLE OF CONTENTS
|
|
- Muriel Lyons
- 6 years ago
- Views:
Transcription
1 PAYROLL SOURCE TABLE OF CONTENTS SECTION 1: THE EMPLOYER-EMPLOYEE RELATIONSHIP 1.1 Importance of the Determination Employee vs. Independent Contractor Common Law Test Reasonable Basis Test Employment Status Determined by Law Statutory Employees Statutory Nonemployees Temporary Help Agency Employees Other Third-Party Arrangements Leased Employees, PEOs, Statutory Employers, Payer Agents Employees Under Other Federal and State Laws Fair Labor Standards Act State Wage-Hour Laws State Income Tax Withholding Laws State Unemployment Insurance Laws State Disability Insurance Laws Worker Misclassification: Enforcement and Penalties IRS Penalties IRS Enforcement Efforts FLSA Complaints Filed With the Department of Labor State Unemployment Agencies Proof of the Right to Work in the U.S New Hire Reporting Review Questions and Exercises SECTION 2: FEDERAL AND STATE WAGE-HOUR LAWS 2.1 Fair Labor Standards Act Federal/State Relationship Employer and Employee Coverage Exempt and Nonexempt Employees White Collar Exemption Retail and Service Industry Exemption Public Sector Exempt Employees Other Exempt Employees T-1
2 The Payroll Source 2.5 Minimum Wage Tips and the Tip Credit Equal Pay for Equal Work Overtime Pay Requirements The Workweek Hours Worked Regular Rate of Pay Special Problems in Regular Rate Determinations Compensatory Time Off Compensable Time Issues Unauthorized Overtime Meal and Rest Periods Travel Time On-Call Time Waiting Time Time Spent at Meetings and Training Sessions Preliminary and Postliminary Activities Receiving Medical Attention Child Labor Restrictions Enforcement and Penalties Public Contracts Laws Walsh-Healey Public Contracts Act Wage Rates for Public Buildings and Works (Davis-Bacon and Related Acts) Contract Work Hours and Safety Standards Act Service Contract Act Copeland Anti-Kickback Act State Wage-Hour Charts State Minimum Wage Rates State Tip Credits State Overtime Pay Requirements State Meal and Rest Period Requirements Directory of State Wage and Hour Agencies Review Questions and Exercises SECTION 3: TAXABLE AND NONTAXABLE COMPENSATION 3.1 Gross Income and Wages Under the IRC Income and Employment Taxes Defined Fair Market Value Fringe Benefits Under the Internal Revenue Code Nontaxable Fringe Benefits Personal Use of Employer-Provided Vehicles Personal Use of Employer-Provided Aircraft Free or Discounted Commercial Flights Discounts on Property or Services T-2
3 Table of Contents Club Memberships Emergency Responder Benefits Additional Employer-Provided Benefits Life Insurance Moving Expenses Educational Assistance Group Legal Services Employee Business Travel Expense Reimbursements Employer-Provided Meals and Lodging Adoption Assistance Other Payments Advances and Overpayments Awards and Prizes Back Pay Awards Bonuses Commissions Conventions Death Benefits Dependent Care Assistance Programs Directors Fees Disaster Relief Payments Employer-Paid Taxes (Grossing-Up) Equipment Allowances Gifts Golden Parachute Payments Guaranteed Wage Payments Jury Duty Pay Leave-Sharing Plans Loans to Employees Military Pay Outplacement Services Retroactive Wage Payments Security Provided to Employees Severance or Dismissal Pay Stocks and Stock Options Strike Benefits Supplemental Unemployment Benefits Tips Uniform Allowances Vacation Pay Wages Paid After Death Withholding and Reporting Rules for Employer-Provided Benefits Withholding on Cash Fringe Benefits Withholding and Reporting on Noncash Fringe Benefits Review Questions and Exercises T-3
4 The Payroll Source SECTION 4: HEALTH, ACCIDENT, AND RETIREMENT BENEFITS 4.1 Health Insurance Affordable Care Act Health Insurance Requirements Tax Treatment of Contributions and Benefits Medical Savings Accounts Long-Term Care Insurance COBRA Health Insurance Continuation Health Reimbursement Arrangements Health Savings Accounts Family and Medical Leave Act Sick Pay Sick Leave Pay Sick Pay Under a Separate Plan Permanent Disability Benefits Workers Compensation Insurance Benefit Payments Premium Payments Cafeteria Plans What Benefits Can Be Offered How Cafeteria Plans Are Funded What the Cafeteria Plan Document Must Contain Benefit Elections Who Can Participate in the Plan Nondiscrimination Testing Flexible Spending Arrangements Tax Treatment of Cafeteria Plans Reporting Requirements Retirement and Deferred Compensation Plans Qualified Pension and Profit-Sharing Plans (IRC 401(a)) Cash or Deferred Arrangements (IRC 401(k)) Tax-Sheltered Annuities (IRC 403(b)) Deferred Compensation Plans for the Public Sector and Tax-Exempt Groups (IRC 457(b)) Employee-Funded Plans (IRC 501(c)(18)(D)) Individual Retirement Accounts Simplified Employee Pensions (IRC 408(k)) Savings Incentive Match Plans for Employees of Small Employers (SIMPLE Plans) Employee Stock Ownership Plans Nonqualified Deferred Compensation Plans State Taxability of Cafeteria Plan and 401(k) Salary Reductions Review Questions and Exercises T-4
5 Table of Contents SECTION 5: PAYING THE EMPLOYEE 5.1 Pay Frequency Payment on Termination Payment Methods Cash or Check Direct Deposit (Electronic Funds Transfer) Electronic Paycards Pay Statements Provided to Employees Unclaimed Paychecks Wages Owed Deceased Employees Extra Paydays Caused by the Calendar Review Questions and Exercises SECTION 6: WITHHOLDING TAXES 6.1 The Principle of Actual or Constructive Payment Social Security Numbers Obtaining an Employee s SSN Verifying Social Security Numbers Employee Withholding Allowance Certificates Form W Form W-4P Form W-4S State Employee Withholding Allowance Certificates Methods of Withholding Federal Income Tax Wage-Bracket Method Percentage Method Alternative Withholding Methods Supplemental Wage Payments Withholding on Pensions and Annuities Backup Withholding Advance Earned Income Credit Social Security and Medicare Taxes Social Security and Medicare Tax Rates Social Security Wage Base Calculating the Withholding Amounts Related Corporations and the Common Paymaster Option Self-Employment Tax What Wages Are Exempt From Social Security and Medicare Taxes T-5
6 The Payroll Source What Types of Employment Are Exempt From Social Security and Medicare Taxes Railroad Retirement Tax Act State and Local Government Employees Penalties for Failure to Withhold State and Local Income Tax Withholding Review Questions and Exercises SECTION 7: UNEMPLOYMENT INSURANCE 7.1 Federal Unemployment Insurance Who Must Pay FUTA Tax What Wages Are Exempt From FUTA Tax What Types of Employment Are Exempt From FUTA Tax FUTA Tax Rate and Wage Base Depositing and Paying FUTA Tax Calculating the State Credits Against FUTA Tax Liability Reporting FUTA Tax on Form Form 940 Line-by-Line Instructions Penalties for FUTA Noncompliance State Unemployment Insurance The Employment Relationship SUI Taxable Wages Contribution Rates and Experience Rating Voluntary Contributions Joint or Combined Accounts The Unemployment Benefits Process Reporting Requirements State Disability Insurance Directory of State Employment Security Agencies Review Questions and Exercises SECTION 8: DEPOSITING AND REPORTING WITHHELD TAXES 8.1 Employer Identification Numbers Depositing Withheld Income and Employment Taxes Payroll Tax Deposit Rules How to Deposit Payroll Taxes Penalties for Failure to Deposit on Time The Employer s Employment Tax Return Form Who Must File Form When and Where to File Form Form 941 Line-by-Line Instructions T-6
7 Table of Contents Schedule B (Form 941) Schedule D (Form 941), Report of Discrepancies Caused by Acquisitions, Statutory Mergers, or Consolidations Schedule R (Form 941), Allocation Schedule for Aggregate Form 941 Filers IRS Offers Advice on Avoiding Form 941 Errors Annual Reporting of Nonpayroll Withholding Form Other Federal Employment Tax Returns Monthly Reporting for Delinquent Employers Form 941-M Employers Operating Outside the Continental U.S. Forms 941-PR and 941-SS Employers of Domestic Employees Annual Reporting by Agricultural Employers Form Annual Reporting by Small Employers Form Making Adjustments, Correcting Returns, and Obtaining Refunds and Credits Forms 941-X and Penalties for Late Reporting and Paying Tax Information Reporting for Employees Form W Employers Must Provide W-2s When and Where to Furnish Form W Box-by-Box Instructions for Form W Substitute Forms W Miscellaneous Form W-2 Issues Providing Wage and Tax Information to the SSA Form W When and Where to File Form W Box-by-Box Instructions for Form W Correcting Information Statements Forms W-2c and W-3c The Reconciliation Process for Employers Information Returns for Nonemployee Payments 1099 Series Miscellaneous Payments Made by Businesses Form 1099-MISC Pension and Retirement Plan Distributions Form 1099-R Penalties for Incorrect or Late Information Returns and Statements Failure to File Information Returns Failure to Provide Information Statements to Employees Electronic Reporting Requirements Reporting Special Wage Payments to the SSA Review Questions and Exercises SECTION 9: OTHER DEDUCTIONS FROM PAY 9.1 Involuntary Deductions Tax Levies Child Support Withholding Orders T-7
8 The Payroll Source Creditor Garnishments Bankruptcy Orders Student Loan Collections Federal Agency Debt Collections Fair Labor Standards Act Restrictions on Deductions Voluntary Deductions Wage Assignments Union Dues Credit Union Deductions U.S. Savings Bonds Charitable Contributions Review Questions and Exercises SECTION 10: RECORDKEEPING AND RECORD RETENTION 10.1 Fair Labor Standards Act Internal Revenue Code Federal Employment Laws Civil Rights Act of 1964 (Title VII) Age Discrimination in Employment Act of 1967 (ADEA) Government Contractor Regulations Immigration Reform and Control Act (IRCA) Family and Medical Leave Act (FMLA) Affordable Care Act State Unemployment Insurance Laws State Wage-Hour Laws Unclaimed Wages Direct Deposit Considerations Record Retention Procedures Employee Master File Documents Needed From New Employees Record Retention and Storage Methods Health Insurance Portability and Accountability Act Review Questions and Exercises SECTION 11: PAYROLL ACCOUNTING 11.1 Accounting Principles Account Classifications Account Balances T-8
9 Table of Contents 11.2 Journal Entries Recording Payroll Transactions Accounting Periods Accruals and Reversals Balancing and Reconciling Payroll Accounts Periodic Balancing and Reconciliation Payroll Bank Account Reconciliation Financial Statements and Audits Balance Sheet Income Statement Notes to Financial Statements Auditing Financial Statements Internal Controls Controlling Check Fraud Check 21 and Its Impact on Payroll Review Questions and Exercises SECTION 12: PAYROLL SYSTEMS AND TECHNOLOGY 12.1 Payroll System Objectives Interfacing and Integration Interfacing Working With Other Systems and Departments Integration of Payroll, Benefits, and Human Resource Systems Hardware and Software Alternatives Pros and Cons Service Providers Outsourcing the Payroll In-House Payroll Systems Selecting a Payroll System Build a Project Team Analyze What the System Needs to Do Prepare a Request for Proposal Select a System Implement the System Evaluate the System s Performance Controls and Security for the Payroll System Putting Controls Into the Process System Documentation Providing Security for the System Disaster Recovery and Business Continuity Planning Automated Time and Attendance T-9
10 The Payroll Source 12.8 The New Wave Self-Service, the Internet, and Mobile Applications Employee and Manager Self-Service Implementing Internet Technology Web-Enabled Applications Cloud Computing and Software as a Service (SaaS) Mobile Applications Review Questions and Exercises SECTION 13: MANAGING A PAYROLL DEPARTMENT 13.1 Basic Management Theory Management Skills Strategic Planning and Organizing Staffing Directing Employees Controlling Performance Reporting Specific Management Issues Conducting and Attending Meetings Keep Written Policies and Procedures Crisis Management Time Management Team Building Performance Evaluations Promoting Quality Customer Service in Payroll Providing Customer Service in a Shared Services Environment Research Needs Tracking Tax Laws and Regulations Employment Laws and Regulations Payroll-Related Websites Company Policies and Procedures Union Contracts Review Questions and Exercises SECTION 14: PAYROLL FOR U.S. EMPLOYEES ABROAD AND ALIENS IN THE U.S U.S. Citizens and Resident Aliens Working Abroad Federal Income Tax Withholding Social Security and Medicare Taxes Federal Unemployment Tax Foreign Earned Income and Housing Cost Exclusions U.S. Income Tax Treaties Employer Tax Reimbursement Policies Expatriate State Tax Issues T-10
11 Table of Contents 14.2 Resident and Nonresident Aliens Working in the U.S Determining Resident/Nonresident Alien Status Federal Income Tax Withholding and Employment Taxes for Resident Aliens Federal Income Tax Withholding for Nonresident Aliens Social Security and Medicare Taxes for Nonresident Aliens Federal Unemployment Tax for Nonresident Aliens Depositing and Reporting Obligations State Tax Issues for Nonresident Aliens Types of Visas Review Questions and Answers SECTION 15: PREPARING FOR THE CPP EXAM 15.1 History and Purpose of Certification Examination Eligibility Requirements Examination Fees Making an Examination Reservation What to Bring to the Examination Testing Center Rules Format of the Examination Electronic Testing Possible Study Aids Content of the Certification Examination Test Taking Hints How Your Examination Is Scored Your Score Report How the Passing Score Was Set Raw Scores and Scaled Scores Examination Results Attainment of Certification Recertification Recertification by Exam Recertification by Continuing Education Recertification Credits for APA Professional Membership Benefits of Being a CPP Basic Level Certification Available American Payroll Association Code of Ethics T-11
12 The Payroll Source Practice Test Number Practice Test Number Practice Test Number Practice Test Number GLOSSARY OF COMMON PAYROLL TERMS AND ACRONYMS... G-1 INDEX...I-1 T-12 1/17
Introduction to Payroll in the United States Documents Employers Request Social Security Numbers
Module 1: Payroll Concepts Introduction to Payroll in the United States... 1-2 Documents Employers Request... 1-2 Social Security Numbers... 1-2 Methods of Paying Employees... 1-3 Withholding Taxes...
More informationPayroll Concepts. Lessons. Module 1:
Module 1: Payroll Concepts Introduction to Payroll in the United States... 1-2 Documents Employers Request... 1-2 Social Security Numbers... 1-2 Methods of Paying Employees... 1-3 Withholding Taxes...
More informationChapter 1: Payroll Fundamentals Challenges Concepts
Table of Chapter 1: Payroll Fundamentals.... 1-1 1.1 Challenges... 1-1 1.2 Concepts.... 1-2 1.2.1 Employees vs. Independent Contractors...1-3 1.2.2 Common Law and Reasonable Basis Tests...1-4 1.2.3 Temporary
More informationPayroll Management Edition. Steven M. Bragg
Payroll Management 2018 Edition Steven M. Bragg Chapter 1 Payroll Management... 1 Learning Objectives... 1 Introduction... 1 Payroll Cycle Duration... 1 Streamlined Timekeeping... 3 Electronic Payments...
More information2017 Take Home Quiz #1
Employee/Independent Contractor 1. To satisfy the Reasonable Basis test and treat a worker as an independent contractor, a company can rely on all of the following methods EXCEPT: A. a private letter ruling
More informationPAYROLL Bingo Instructions
Bingo Instructions Host Instructions: Decide when to start and select your goal(s) Designate a judge to announce events Cross off events from the list below when announced Goals: First to get any line
More informationDevelopment of year-end work plan Create the year-end team (e.g., Payroll, HR, IT, and Accounting) and focus on the following tasks:
Presentation topics > Development of year-end work plan > Management and completion of year-end tasks > Form W-4 compliance > Social Security number (SSN) verification > Form W-2 reporting > IRS Publication
More information2013 W-2 PREPARATION
2013 W-2 PREPARATION W-2 s used to be simply the device on which you totaled the amounts you paid your employees. They have now become much more sophisticated reporting devices. Not only is there a significant
More informationYEAR-END UPDATE FOR PAYROLL AND RELATED TAXES WITH ADDITIONAL INFORMATION FOR INDIVIDUALS
YEAR-END UPDATE FOR PAYROLL AND RELATED TAXES WITH ADDITIONAL INFORMATION FOR INDIVIDUALS JANUARY 2011 This memo provides information that is useful in the annual preparation of employment related forms
More informationOverview. How many Town Accountant's come across payroll issues?
Eric Kinsherf, CPA Introduction There are a variety of payroll related issues that are encountered by the Town Accountant The Town Accountant's role in the payroll is shared with the Treasurer Town Accountant
More informationGENERAL INSTRUCTIONS FOR PREPARING 2017 CITY OF XENIA INDIVIDUAL RETURNS *
Who must file? It is mandatory that you file an annual City of Xenia tax return EVEN IF NO TAX IS DUE: All Xenia residents and partial year residents between the ages of 18 and 65. All Xenia residents
More informationSection 6 Withholding Taxes (Student Guide) Table of Contents Introduction
Section 6 Withholding Taxes (Student Guide) Table of Contents Introduction... - 2 - Topics from Content Outline... - 2 - The Principle of Actual or Constructive Payment... - 2 - Social Security Numbers...
More informationGENERAL INSTRUCTIONS FOR PREPARING 2015 CITY OF XENIA INDIVIDUAL RETURNS *
Who must file? It is mandatory that you file an annual City of Xenia tax return EVEN IF NO TAX IS DUE: All Xenia residents and partial year residents between the ages of 18 and 65. All Xenia residents
More informationPayroll for U.S. Employees Abroad and Aliens in the U.S. Charlotte N. Hodges, CPP August 23, 2014
Payroll for U.S. Employees Abroad and Aliens in the U.S. Charlotte N. Hodges, CPP August 23, 2014 Federal Income Tax Withholding 14.1-1 U.S. citizens & resident aliens are subject to income tax withholding
More informationTAXABLE AND NONTAXABLE COMPENSATON. CHAPTER 3, Part I (2016)
TAXABLE AND NONTAXABLE COMPENSATON CHAPTER 3, Part I (2016) 1 GROSS INCOME The IRC uses the term gross income to determine a taxpayer s federal tax bill and defines it as compensation for services, including
More informationEmployer's Tax Guide to Fringe Benefits
Department of the Treasury Internal Revenue Service Publication 15-B Cat. No. 29744N Employer's Tax Guide to Fringe Benefits For use in 2013 Contents What's New... 1 Reminders... 2 Introduction... 2 1.
More informationPAYROLL & RELATED TAX ISSUES. Bruce A. Beyler, CPA
PAYROLL & RELATED TAX ISSUES Bruce A. Beyler, CPA Index of Topics u u u Worker Classification Compensation Fringe Benefits u Some New Items for 2016 u u u u Wage & Tax Statement (Form W-2) and Box 12 Codes
More informationEmployer's Tax Guide to Fringe Benefits
Department of the Treasury Internal Revenue Service Publication 15-B Cat. No. 29744N Employer's Tax Guide to Fringe Benefits For use in 2014 Contents What's New... 1 Reminders... 2 Introduction... 2 1.
More informationUnemployment Insurance
2017 Section 7 : Unemployment Insurance August 10, 2017 Unemployment Insurance Provide income to workers while between jobs A combined federal and state system State Matters FUTA Federal Unemployment Tax
More information15. Special Rules for Various Types of Services and Payments
15. Special Rules for Various Types of Services and Payments Section references are to the Internal Revenue Code unless otherwise noted. Special Classes of Employment and Income Tax ing Aliens, nonresident.
More informationSECTION 8: Employer Identification Numbers (EIN) Employer Identification Number (EIN) Cont
SECTION 8: Depositing and Reporting Withheld Taxes 1 Employer Identification Numbers (EIN) All employers are assigned an Employer Identification Number (EIN) to ensure that all payments are credited to
More information2008 Tax Rates and Information Bulletin
Albin, Randall & Bennett, CPAs 2008 Tax Rates and Information Bulletin 06/08 2008 TAX UPDATE BULLETIN TABLE OF CONTENTS Topic Page Number Payroll Withholding Rates and Limits...1 Backup Withholding...2
More informationLIST OF SUBSTANTIVE CHANGES AND ADDITIONS PPC's Payroll Tax Deskbook. Twenty second Edition (December 2015)
Route To: Partners Managers Staff File LIST OF SUBSTANTIVE CHANGES AND ADDITIONS PPC's Payroll Tax Deskbook Twenty second Edition (December 2015) Highlights of This Edition The following are some of the
More informationIntroduction January 31st, January 15th January 31st
Introduction Nondiscrimination testing is one of the most critical aspects of plan administration. Maintaining a tax-qualified plan provides significant tax advantages to both the plan sponsor and the
More informationDepositing and Reporting Withheld Taxes Section 8
Depositing and Reporting Withheld Taxes Section 8 Table of Contents Introduction... 2 FYI Topics from Content Outline... 2 Employer Identification Numbers... 2 Depositing Withheld Income and Employment
More informationBELMONT COUNTY BOARD OF COMMISSIONERS PERSONNEL POLICY MANUAL SECTION 5 CLASSIFICATION AND COMPENSATION
SECTION 5 CLASSIFICATION AND COMPENSATION 5.1 Compensation Plan 5.2 Overtime 5.3 Pay Period 5.4 Compensatory Time 5.5 Payroll Deductions 5.6 Retirement Plan and Deferred Compensation 5.7 Workers= Compensation
More informationPension and Annuity Income
Department of the Treasury Internal Revenue Service Publication 575 Cat. No. 15142B Pension and Annuity Income For use in preparing 1998 Returns Contents Important Changes for 1998... 1 Introduction...
More informationPayroll Benefits and Year End Reminders for 2018 and Changes for Presented by: Debbie Denny Tax Manager
Payroll Benefits and Year End Reminders for 2018 and Changes for 2019 Presented by: Debbie Denny Tax Manager Topics W-2 Information Fringe Benefits Exempt vs. Nonexempt Employees FSA s Employee vs. Independent
More informationEMPLOYER INFORMATION SHEET
General EMPLOYER INFORMATION SHEET Business Name: Business Address: City, State, Zip: Filing Name (if different): Filing Address (if different): City, State, Zip: Contact Name: Phone: Fax: Email: Company
More informationNon-Qualified Deferred Compensation Plans Best Practices
A P RO FESSIO N AL CO RP O RATIO N ERISA AND EMPLOYEE BENEFITS ATTORNEYS Non-Qualified Deferred Compensation Plans Best Practices J. Marc Fosse, Esq. March 28, 2018 www.truckerhuss.com What is Section
More informationNERC/NAHRO Mashantucket, CT
NERC/NAHRO 2-9-10 Mashantucket, CT Intro to FSLG Exam Procedures Payroll Issues W4 and withholdings Medicare- rehired annuitants Accounts Payable and Disbursement Issues Accountable v Non accountable Plans
More informationThis is your Social Security number. Double check to ensure it is correct.
2017 Year End W-2 Box Descriptions for Employees Knowing how to read a Form W-2, or Wage and Tax Statement, can help you understand your total overall compensation, and also help you get a head start when
More informationIRS Instructions for Employee Copies of 2017 W-2 Forms
Notice to Employee 2016 W-2 Instructions may be found using the following link: IRS Instructions for Employee Copies of 2017 W-2 Forms Do you have to file? Refer to the Form 1040 instructions to determine
More informationWITHHOLDING TABLES MAINE INDIVIDUAL INCOME TAX
WITHHOLDING TABLES MAINE INDIVIDUAL INCOME TAX 2000 Effective January 1, 2000 REMEMBER: A person required to withhold must continue to file quarterly withholding tax returns until the account is canceled,
More informationPayroll Reference Manual
Payroll Reference Manual 2018-2019 2018-2019 Payroll Reference Manual Table of Contents Section I - Year End Preparation Year End Checklist 6 Year End Balancing/Reconciliations 8 Annual Reconciliation
More informationANNUAL INFORMATION RETURNS NEWSLETTER
ANNUAL INFORMATION RETURNS NEWSLETTER J A N U A R Y 2 0 1 9 INSIDE THIS ISSUE: F O R M W - 2 Form W-2 1 Foreign Bank Account Reporting Foreign Bank Account Reporting Household Employee (Nanny Tax) Form
More informationQuestions and Answers on Additional Medicare Tax
Brought to you by Crest Insurance Group, LLC Questions and Answers on Additional Medicare Tax The Affordable Care Act (ACA) increases the Medicare hospital insurance tax rate for high-income individuals
More informationMISSOURI INTERGOVERNMENTAL RISK MANAGEMENT ASSOCIATION PAYROLL VERIFICATION PROGRAM
MISSOURI INTERGOVERNMENTAL RISK MANAGEMENT ASSOCIATION PAYROLL VERIFICATION PROGRAM Verification of reported member city payrolls is vital to the financial integrity of the association. As set forth under
More informationKey Facts You Need to Know About: Income Definitions for Marketplace and Medicaid Coverage
Updated September 20, 2017 Key Facts You Need to Know About: Income Definitions for Marketplace and Medicaid Coverage Health reform provides opportunities for millions of Americans to get affordable health
More informationKey Facts You Need to Know About: Income Definitions for Marketplace and Medicaid Coverage
October 15, 2014 Key Facts You Need to Know About: Income Definitions for Marketplace and Medicaid Coverage Health reform provides new opportunities for millions of Americans to get affordable health coverage.
More informationACC 131 FEDERAL INCOME TAXES
ACC 131 FEDERAL INCOME TAXES COURSE DESCRIPTION: Prerequisites: ENG 090and RED 090 or DRE 098; MAT070 or DMA 010, 020, 030, 040; or satisfactory score on placement test Corequisites: None This course provides
More informationThe Small Business Employment Tax Guide
The Small Business Employment Tax Guide Roanoke Regional Small Business Development Center 210 S. Jefferson Street, Roanoke, Virginia 24011 www.roanokesmallbusiness.org Roanoke Small Business Development
More informationPayroll & Estimated Tax Chapter 7 pp National Income Tax Workbook
Payroll & Estimated Tax Chapter 7 pp. 205-234 2018 National Income Tax Workbook Chapter Topics Payroll: pp. 206-234 Withholding, Tax deposits, Payroll reporting Penalties Federal Unemployment Taxes Paid
More information2018 GAPP CPP/FPC Study Group
2018 GAPP CPP/FPC Study Group SECTION 1: THE EMPLOYER-EMPLOYEE RELATIONSHIP THE EMPLOYER EMPLOYEE RELATIONSHIP Classification - Employee vs. Independent Contractor Employer's Obligation Penalties For Misclassification
More informationJANUARY 2014 UPDATE ON PAYROLL, EMPLOYMENT TAXES AND INFORMATION RETURNS
JANUARY 2014 UPDATE ON PAYROLL, EMPLOYMENT TAXES AND INFORMATION RETURNS This letter sets forth employee payroll tax withholding rates, employer payroll tax rates in effect for 2014 and some pertinent
More informationEssentials of the Legal Environment today, 5E. Chapter 16 - Employment, Immigration, and Labor Law
Chapter 16 - Employment, Immigration, and Labor Law Agency Relationships Agency is a fiduciary relationship based on trust and confidence. Employer-Employee Relationships Employee is one whose physical
More information2017 FLINT INDIVIDUAL INCOME TAX FORMS AND INSTRUCTIONS
City of Flint Income Tax Department 1101 S Saginaw St Flint, Michigan 48502 Form F-1040 2017 FLINT INDIVIDUAL INCOME TAX FORMS AND INSTRUCTIONS For use by individual residents, part-year residents and
More informationUNDERSTANDING YOUR FORM W-2 AND 1042-S INFORMATION REGARDING YOUR FORM W-2 WAGE AND TAX STATEMENT
UNDERSTANDING YOUR FORM W-2 AND 1042-S INFORMATION REGARDING YOUR FORM W-2 WAGE AND TAX STATEMENT The Form W-2 is your wage and tax statement provided by your employer to provide information on your taxable
More informationIRS FORM W-2. Instructions: Select any any line or box for IRS instructions and QuickBooks information and troubleshooting steps.
IRS FORM W-2 Instructions: Select any any line or box for IRS instructions and QuickBooks information and troubleshooting steps. Select to get back to the main form. For more information see: Form W-2:
More informationPreparation for a Successful Payroll Year end. Presented by: Jean Domaingue, CPP
Preparation for a Successful Payroll Year end Presented by: Jean Domaingue, CPP November 15, 2012 CompuPay is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor
More informationUtility Tax Guide
2015-2016 Depend on our people. Count on our advice. SM Member - American Institute of Certified Public Accountants UTILITY TAX GUIDE 2015-2016 Olsen Thielen & Co., Ltd. Certified Public Accountants &
More informationUniversity of New England Defined Contribution Plan. Summary Plan Description
University of New England Defined Contribution Plan Summary Plan Description Revised Effective as of January 1, 2015 Table of Contents INTRODUCTION... 4 ELIGIBILITY... 5 Am I eligible to participate in
More informationForm 1099 Instructions and General Discussion
Form 1099 Instructions and General Discussion 1 2017 New Mexico Association of Counties Annual Conference Chip Low, CPA CGMA Lea County Finance Director (o) 575-396-8653 (c) 575-704-6500 clow@leacounty.net
More informationAn Employer s Guide To Payroll
An Employer s Guide To Payroll Solutions That Save You Time www.timeplus.com Table of Contents NEW BUSINESS CHECKLIST...2 EMPLOYER IDENTIFICATION NUMBER...3 TELE-TIN...4 FAIR LABOR STANDARDS ACT...4 Wage
More informationPayroll Tax Guide For Minnesota Businesses
Payroll Tax Guide For Minnesota Businesses 2017-2018 PAYROLL TAX GUIDE FOR MINNESOTA BUSINESSES Olsen Thielen & Co., Ltd. Certified Public Accountants & Consultants 2675 Long Lake Road 300 Prairie Center
More informationWelcome to our Annual Payroll Update Webinar
2018 Payroll Year End Update Presented by: Tammy Mearig & Beth Landis December 18, 2018 Welcome Welcome to our Annual Payroll Update Webinar 1 Agenda Payroll Information Brochure Review What s New and
More informationChapter 5 Eligible Earnings
IN THIS CHAPTER: PERA-Eligible Salary Compensation that is not Salary Closer Look at Some Types of Pay Workers Compensation Payments Pay while on Personal, Parental or Military Leave Members on Paid Medical
More informationGENERAL INSTRUCTIONS - ALL FILERS
GENERAL INSTRUCTIONS - ALL FILERS WHO MUST FILE A RETURN Everyone who has income that is subject to City tax must file a return. You do not have to file a return if your total income subject to tax is
More informationEarnings and Deductions Quick Reference
Earnings and Deductions Quick Reference The Earnings and Deductions Quick Reference includes a complete list of the earnings and deductions that are provided in the payroll application. For details on
More informationVolunteer Income Tax Assistance Part 3. Income
Volunteer Income Tax Assistance Part 3 Income Gross Income The Tax Return Get to know the 1040 page one and two Who NEEDS to file? Consider their age, filing status, and income: Filing Status Gross Income
More informationInstructions for Form W-1040
City of Whitehall Income Tax Division Instructions for Form W-1040 Individual Return For use in preparing 2016 Returns Municipal tax is paid first to the city where work is performed or income earned.
More informationPaychex 2017 Employer Year-end Guide
Paychex 2017 Employer Year-end Guide Overview Paychex is committed to helping you prepare and plan for year-end. Please use this guide to help make sure you have a successful 2017 year-end. The guide contains
More informationPeering Into the Government Tax Law
Peering Into the Government Tax Law PROGRAM GOALS Peer Into the Telescope to Get the Big Picture Regarding Government Tax Issues Peer Into the Microscope to Learn the Detailed Tax Laws, Rules and
More informationProduct Profile ToolBox CS CS Professional Suite. Quick Access to Key Utilities. Meet Client Needs with a Wealth of Tools. Financial Calculators
Product Profile ToolBox CS CS Professional Suite Quick Access to Key Utilities ToolBox CS puts key utilities at your fingertips tools such as calculators, calculating tax forms you can use throughout the
More informationWorker Classification: Employee or Independent Contractor?
Worker Classification: Employee or Independent Contractor? Doug Blade July 24, 2013 A Note Before We Begin This presentation is designed to provide information not specific determination for any situation.
More information2018 CITY OF GRAYLING INDIVIDUAL INCOME TAX INSTRUCTIONS For use by individual residents, part-year residents and nonresidents
City of Grayling Income Tax Department 1020 City Blvd PO BOX 549 Grayling, Michigan 49738 Form GR-1040 2018 CITY OF GRAYLING INDIVIDUAL INCOME TAX INSTRUCTIONS For use by individual residents, part-year
More informationExamination Issues. Resources. Public Employers Toolkit
Tax Exempt Government Entities IRS Examination Issues Examination Issues Public Employers Toolkit Resources Publication 963 Federal State Reference Guide Publication 5137 Fringe Benefit Guide Publication
More informationCPP Study Group. ADP Added Value Services. Handout with Answers. Need support after training?
ADP Added Value Services CPP Study Group Handout with Answers Need support after training? To exchange tips and best practices with fellow users, get on The Bridge an online community built exclusively
More informationFederal Income Tax and Railroad Retirement Benefits
FROM THE DESK OF Walter A. BARROWS LABOR MEMBER U.S. RAILROAD RETIREMENT BOARD For Publication For Publication February 2012 Federal Income Tax and Railroad Retirement Benefits The following questions
More informationChapter 10 Payroll Computations, Records, and Payment
Chapter 10 - Payroll Computations, Records, and Payment Chapter 10 Payroll Computations, Records, and Payment TEACHING OBJECTIVES 10-1) Explain the major federal laws relating to employee earnings and
More informationDecember In addition, we have enclosed some additional materials for your guidance including:
Dear Client December 2011 It is time again to prepare for year-end payroll processing specifically the preparation of Forms W-2 and 1099. To assist you in the preparation of these forms, we offer the following
More informationInstructions for Form DIR-38
City of Dublin Income Tax Division Instructions for Form DIR-38 Individual Return For use in preparing 2017 Returns Municipal tax is paid first to the city where work is performed or income earned. Taxpayers
More informationLIST OF SUBSTANTIVE CHANGES AND ADDITIONS. 16th Edition (March 2015)
Route To: Partners Managers Staff File LIST OF SUBSTANTIVE CHANGES AND ADDITIONS PPC's Guide to Compensation and Benefits 16th Edition (March 2015) Highlights of this Edition The following are some of
More informationTax Basics for Small Business
Tax Basics for Small Business 19 th Edition Attorney Frederick W. Daily Introduction... 1 Chapter 1 Tax Basics... 3 Learning Objectives... 3 Introduction... 3 How Tax Law Is Made and Administered: The
More information2016 GAPP CPP/FPC Study Group SECTION 1: THE EMPLOYER-EMPLOYEE RELATIONSHIP
2016 GAPP CPP/FPC Study Group SECTION 1: THE EMPLOYER-EMPLOYEE RELATIONSHIP THE EMPLOYER EMPLOYEE RELATIONSHIP Employee vs. Independent Contractor Employer's Obligation Penalties For Misclassification
More informationJanuary 20, Congress Extends Payroll Tax Holiday through February 29, 2012
January 20, 2012 Re: 2012 Accountants Memorandum Update Congress Extends Payroll Tax Holiday through February 29, 2012 Late in 2011 Congress voted to extend for two months the reduced payroll tax rate
More information2017 Year-end OptRight Customer Guide
October 2017 Business Payroll Services 2017 Year-end OptRight Customer Guide 2017 Wells Fargo Bank N.A. All rights reserved. Member FDIC. Making it easier to prepare for your year-end payroll needs This
More information9 - Federal Tax Reporting/ Social Security
Illinois Municipal Retirement Fund Federal Tax Reporting & Social Security / SECTION 9 9 - Federal Tax Reporting/ Social Security APPENDIX - FEDERAL TAX REPORTING/SOCIAL SECURITY... 291 9.00 INTRODUCTION...
More information401K PRO, INC. DEFINED CONTRIBUTION PROTOTYPE PLAN AND TRUST
401K PRO, INC. DEFINED CONTRIBUTION PROTOTYPE PLAN AND TRUST TABLE OF CONTENTS ARTICLE I DEFINITIONS ARTICLE II ADMINISTRATION 2.1 POWERS AND RESPONSIBILITIES OF THE EMPLOYER... 13 2.2 DESIGNATION OF ADMINISTRATIVE
More informationT a x D u e D a t e s
T a x D u e D a t e s December 2017 December 10 November, report them to your employer. You can use Form 4070. December 15 Corporations - Deposit the fourth installment of estimated income tax for. A worksheet,
More informationSimplifying the complexities of payroll taxes and year-end planning November 7, 2013
Simplifying the complexities of payroll taxes and year-end planning November 7, 2013 Baker Tilly refers to Baker Tilly Virchow Krause, LLP, an independently owned and managed member of Baker Tilly International.
More informationSECTION 8: Depositing and Reporting Withheld Taxes
SECTION 8: Depositing and Reporting Withheld Taxes 1 Employer Identification Numbers (EIN) All employers are assigned an Employer Identification Number (EIN) The EIN is a nine-digit number, expressed as
More informationPHR Glossary. Adjusted Service Date
PHR Glossary Adjusted Service Date Actual Annual Salary Appointment Actions ARS Appointments Base Wage Rate Benefits Budgeted Position Category Status Citizen Visa Status COBRA Service date is the date
More informationTable of Contents. Business Entities Partnerships... 41
Table of Contents Business Entities... 1 General Information....1 Sole Proprietorship....1 Partnership....1 Corporation....4 S Corporation....5 Farmers....5 Exempt Organizations....6 Limited Liability
More informationAbove lists are not all-inclusive. For more information, contact (937)
In this packet you, will find general tax information about the City of Springboro Income Tax Return. We encourage you to bring your income tax information to our office and we will gladly prepare your
More informationCITY OF HAMTRAMCK INCOME TAX 2014
City of Hamtramck Income Tax Department P.O. Box 209 Eaton Rapids, MI 48827-0209 Form H-1040 2014 HAMTRAMCK INDIVIDUAL INCOME TAX FORMS AND INSTRUCTIONS For use by individual residents, part-year residents
More informationTaxable and Nontaxable Income
Department of the Treasury Internal Revenue Service Publication 525 Cat. No. 15047D Taxable and Nontaxable Income For use in preparing 2013 Returns Contents Future Developments... 1 Reminders... 2 Introduction...
More informationIntroduction January 31st, January 15th January 31st
Introduction Nondiscrimination testing is one of the most critical aspects of plan administration. Maintaining a tax-qualified plan provides significant tax advantages to both the plan sponsor and the
More informationTaxable and Nontaxable Income
Department of the Treasury Internal Revenue Service Publication 525 Cat. No. 15047D Taxable and Nontaxable Income For use in preparing 2000 Returns Contents Important Changes... 1 Important Reminder...
More informationNEW JERSEY GROSS INCOME TAX Instruction Booklet
NJ-WT January 1, 2012 R-13, 12/11 STATE OF NEW JERSEY DEPARTMENT OF THE TREASURY DIVISION OF TAXATION NEW JERSEY GROSS INCOME TAX Instruction Booklet for Employers, Payors of Pension and Annuity Income
More informationMCGREGOR INDEPENDENT SCHOOL DISTRICT FLEXIBLE BENEFITS PLAN PLAN DOCUMENT
MCGREGOR INDEPENDENT SCHOOL DISTRICT FLEXIBLE BENEFITS PLAN PLAN DOCUMENT (As Adopted Effective November 1, 1988) (As Amended and Restated Effective October 1, 2003) TABLE OF CONTENTS ARTICLE I -- DEFINITIONS...1
More informationColonial Times... 2 The Post Revolutionary Era... 3 The Civil War... 3 The 16th Amendment... 3 World War I and the 1920s... 5 The Social Security
Colonial Times... 2 The Post Revolutionary Era... 3 The Civil War... 3 The 16th Amendment... 3 World War I and the 1920s... 5 The Social Security Tax... 5 World War II... 5 Developments after World War
More information2016 IONIA INDIVIDUAL INCOME TAX FORMS AND INSTRUCTIONS
INDIVIDUAL INCOME TAX FORMS AND INSTRUCTIONS City of Ionia Income Tax Division PO Box 512 Ionia, Michigan 48846 For use by individual residents, part-year residents and nonresidents Form I-1040 ALL PERSONS
More information2013 Year End Customer Guide
November 2013 Wells Fargo Business Payroll Services 2013 Year End Customer Guide 2013 Wells Fargo Bank N.A. All rights reserved. Member FDIC. Welcome to the 2013 year-end customer guide The 2013 year-end
More informationTaxable and Nontaxable Income
Department of the Treasury Internal Revenue Service Publication 525 Cat. No. 15047D Taxable and Nontaxable Income For use in preparing 2012 Returns Contents Future Developments... 1 Reminders... 1 Introduction...
More informationPayroll Reference Manual
2010 2011 Payroll Reference Manual Baden, Gage & Schroeder, LLC 6920 Pointe Inverness Way, Suite 300 Fort Wayne, IN 46804 260.422.2551 www.badencpa.com 2010-2011 Payroll Reference Manual Table of Contents
More informationPreparing 2018 Individual Income Tax Returns
Preparing 2018 Individual Income Tax Returns Published and Distributed by The CPE Store, Inc. www.cpestore.com Module 1 Chapters 1-4 Chapter 1 Filing Information... 1 Learning Objectives... 1 Introduction...
More informationDecember 2, Re: 2014 Accountants Memorandum. Happy Holidays from Miller Kaplan Arase LLP!
December 2, 2013 Re: 2014 Accountants Memorandum Happy Holidays from Miller Kaplan Arase LLP! The implementation of the Affordable Care Act, gridlock in Washington, the court decision invalidating the
More informationNinth Farm Credit District Pension Plan. Summary of Plan Provisions
Ninth Farm Credit District Pension Plan Summary of Plan Provisions 2018 SUMMARY PLAN DESCRIPTION Ninth Farm Credit District Pension Plan TABLE OF CONTENTS Preface Part I General Information 1.1 Name of
More informationInstructions for Form IR-25
City of Westervillle Income Tax Division Instructions for Form IR-25 Individual Return For use in preparing 2016 Returns 4. You are a resident of Westerville or within the JEDZ listed above and engaged
More information