Few payroll topics cause more confusion than W-2 versus 1099. The forms look different, the tax rules are different, and using the wrong one can create serious compliance problems for employers and financial surprises for workers. Fortunately, the distinction does not...
The Secure 2.0 Act allows for features in employer retirement plans to encourage their use. The changes are designed to encourage employees to contribute to 401(k) or 403(b) plans, allowing you to offer small financial incentives to employees. If employers use a...
The Internal Revenue Service reminds businesses that starting in tax year 2023 changes under the SECURE 2.0 Act may affect the amounts they need to report on their Forms W-2. The SECURE 2.0 Act allows for additional features in various employer retirement plans to...