Corporate

2018 Federal Tax Withholding Guidance Released

The Internal Revenue Service (IRS) has released Publication 15 (Circular E), Employer’s Tax Guide, for use in 2018. This publication: Details employers’ federal tax responsibilities; Explains the federal requirements for withholding, depositing, reporting, paying, and correcting employment taxes; Lists the forms employers must give to their employees, those that employees must give to the employer, and […]

IRS Announces 2018 Standard Mileage Rates

The Internal Revenue Service (IRS) has issued the 2018 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, or medical purposes. 2018 Standard Mileage Rates  Beginning on January 1, 2018, the standard mileage rates for the use of a car, van, pickup, or panel truck will be: 54.5 cents per […]

Limits Announced for FSA, QSEHRA and 401(k)

The IRS has announced that the contribution limits for health flexible spending arrangements (health FSAs), qualified small employer health reimbursement arrangements (QSEHRAs), and 401(k) retirement plans will increase in 2018 as follows:  Health FSAs: The annual dollar limit on employee contributions to employer-sponsored health FSAs will be $2,650(up from $2,600 for 2017). QSEHRAs: The total amount of […]

Upcoming EEO-1 Report Will Not Require Pay Data Collection

The U.S. Equal Employment Opportunity Commission (EEOC) has announced that the upcoming EEO-1 reporting form will not contain pay data collection information. EEO-1 Report Change Halted In July of 2016, the EEOC changed the EEO-1 reporting form requirements, so that private employers with 100 or more employees and certain federal contractors would have been required to report aggregate W-2 income by […]