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In 2025, the Social Security Wage Base is Going Up

RogerRossmeisl

If your business has employees, you may need to budget for additional payroll costs, especially if you have many high earners. One is for Old Age, Survivors and Disability Insurance, which is commonly known as the Social Security tax, and the other is for Hospital Insurance, which is commonly known as the Medicare tax.

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Inova Payroll Targets Hospitality With API Integration

PYMNTS

Payroll solutions provider Inova Payroll has debuted an application programming interface (API) integration with M3 , an accounting and human capital management (HCM) platform developed for the hospitality industry. Other areas of payroll and human capital management are exploring the benefits of API integrations, too.

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Senate reaches $2 trillion relief package to help jolt economy during coronavirus pandemic

BuildYourFirm

The package will provide much needed financial support to businesses forced to shut down and relief to American families and hospitals turned upside-down from the fast spreading disease and ensuing economic crisis. Individuals who earn $75,000 in adjusted gross income or less would get direct payments of $1,200 each.

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Congress Passes ARPA With Many COVID-19 Payroll-Related Provisions

ThomsonReuters

Allows for the credits for paid sick and family leave to be structured as a refundable payroll tax credit against Medicare tax only (1.45%), beginning after March 31, 2021. Allows the credit to be claimed against Medicare (1.45%, Hospital Insurance – HI) taxes only. Unemployment Provisions. The money will be available until expended.

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Trendspotting: Top Ten Payroll Issues of State Legislatures

ThomsonReuters

States eye workforce as a legislative priority for payroll The majority of state legislatures began their legislative sessions this January. A flurry of bills is being proposed in the payroll space — many having to do labor and employment. Voters approved a ballot measure that will gradually eliminate the tip credit.

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Intuit Adds Allstate Healthcare Insurance Options for QuickBooks Online Payroll Customers

CPA Practice

Intuit, the maker of QuickBooks , TurboTax , Credit Karma , and Mailchimp , has partnered with Allstate Health Solutions to provide QuickBooks Online Payroll customers with expanded insurance options for their employees, in time for open enrollment season.

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Heads Up! Payroll Changes Coming in July

ThomsonReuters

As COVID-19 vaccinations continue to rise and a sense of normalcy slowly returns, we can hopefully put tumultuous payroll changes behind us. State by State Payroll Tax Changes. Payroll Changes Coming in July appeared first on Tax & Accounting Blog Posts by Thomson Reuters. Washington. West Virginia. The post Heads Up!

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