Tag: W-4

DOL Delays Overtime Rule Until March 2019 In fall 2018, the U.S. Department of Labor, Wage and Hour Division (WHD) announced that it intends to issue a Notice of Proposed Rulemaking (NPRM) in March 2019 to determine the appropriate salary level for exemption of executive, administrative, and professional employees. The WHD stated that it is…

Employers, have you reminded your employees to check that they are having the right amount of tax withheld from their paychecks? It’s a good idea for everyone to check their payroll withholding every year, but it is particularly important this year due to the big changes Congress made to the federal tax rules for 2018….

When will the new Form W-4 be released? In 2020, according to a press release published by the Treasury Department on September 20, 2018. The department announced that the IRS will implement a redesigned W-4 form for tax year 2020, a timeline that will allow for continued work to refine the new approach for the…

No Action Needed by Employers In the beginning of June 2018, the Internal Revenue Service (IRS) released a draft 2019 Form W-4 along with draft Instructions. When opening the drafts, the IRS clearly details on the introductory pages that the draft form and instructions are not for use but rather for informational purposes only and…

Our February 1, 2018 blog post reported on the late February release of the Form W-4 and guidance on the income withholding rules that changed under the Tax Cuts and Jobs Act. On February 28, 2018, the federal Internal Revenue Service (IRS) released the new 2018 Form W-4 and an updated withholding calculator. Why a…

If you’ve been getting questions from your employees about completing new 2018 W-4 forms to take advantage of the tax reform rules, we’ve finally received some answers. You can continue to rely on the current W-4 forms for now until the new 2018 form is released in late February. The January 29th Internal Revenue Service…

Question: We have several locations and staff hiring and onboarding is done on site at each location. We currently keep the original personnel file at the location with a faxed copy of each new hire document sent to our main office. In a recent audit, we discovered discrepancies in the I-9 and W-4 paperwork that…

Question: Is it in compliance to deny a request for payroll deduction changes made at the last minute by an involuntarily terminated employee? Answer: In terms of the request to change withholding, a Form W-4 remains in effect until the employee gives the employer a new one. When an employee gives an employer a Form W-4 that…

The following question recently came from one of our clients requesting our assistance to better understand and manage this issue Question:  On an employee’s W-4 he claimed “Single 1” AND “exempt”. This was back in July. He is just now coming to us stating it should have been exempt, not single 1. What is our…