IRS « The Payroll Department

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IRS Issues New Withholding Guidelines for Payroll Taxes

Posted by Elaine on February 27, 2018

The Internal Revenue Service (IRS) has issued the new (percentage method) payroll withholding tables for 2018 along with notification that the W-4 Form is in the process of being updated to reflect the new tax law. For the moment, no new form is required and employers should retain the existing forms for all employees. In addition to recalculating the new payroll tax deduction, there are a several other changes for employers to consider. (more…)

Tags: IRS, outsourcing, payroll, payroll taxes, small business, tax withholding, Teresa Ray, The Payroll Department

Posted in: IRS and Tax forms, Payroll, Payroll Processing, Payroll Taxes, Rules, Regulations and Laws

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Worried about the Changes in Payroll Taxes?

Posted by Elaine on January 23, 2018

At this particular moment in time, it doesn’t matter which side you fall on for the new Tax Cuts and Jobs Act passed in late December, 2017, it will have an impact on both your personal finances and your business’s financial situation.

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Tags: Brownsburg, employees, employers, Indiana, IRS, payroll, payroll taxes, small business, small business owner, Teresa Ray, The Payroll Department, withholding

Posted in: IRS and Tax forms, Operating a Small Business, Payroll, Payroll Taxes

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Small Business Barter Transactions Are Separate from Payroll

Posted by Elaine on October 13, 2015

Entrepreneurs and small business owners, especially in the start-up stages, learn quickly how to balance getting things done with income.

Every business needs actual cash coming in the door, but sometimes small businesses move forward in their development through barter. (more…)

Tags: barter, Indiana, IRS, payroll service, reporting barter income, small business, Teresa Ray, The Payroll Department

Posted in: IRS and Tax forms, Operating a Small Business, Payroll, Payroll Processing, Rules, Regulations and Laws

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What Happens When YOU Get a Letter From the IRS?

Posted by Elaine on August 25, 2015

What happens when you pick up the mail and there is an envelope from the IRS? Entrepreneurs and small business owners in every stage of development open it immediately. Those three letters definitely promote that piece of mail to priority status. (more…)

Tags: Brownsburg, errors in payroll reporting, IRS, payroll tax reporting, payroll taxes, small business and payroll taxes, Tax forms, tax returns, The Payroll Department

Posted in: IRS and Tax forms, Payroll, Payroll Processing, Payroll Taxes

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