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Free Small Business and HR Compliance Calendar: January 2022

Zenefits

Happy new year! New Year’s Day. New IRS Retirement Plan Limits Effective. The IRS recently announced that the 2022 contribution limit for 401(k) plans will increase to $20,500. The IRS recently announced that the 2022 contribution limit for 401(k) plans will increase to $20,500.

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Everything employers need to know about W-2 compliance

Business Management Daily

For businesses and employers, that means end-of-year accounting and W-2 filing is right around the corner. Form W-2 is the Wage and Tax Statement that employers use to report wages paid to employees. These are the tax forms that your employees need to file their yearly tax returns. 2021 is coming to a close.

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IRS Postpones Primary Revisions to Form W-4 until 2020

InfinityHR

If you were sitting on the edge of your seat in anticipation for the expected revisions of the Form W-4—Employee’s Withholding Allowance Certificate—by the Treasury Department to happen anytime soon, then you’re in for a little disappointment. IRS Postpones Major Form W4 Revisions until 2020.

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IRS Allows Truncated SSNs on Employees’ W-2s

Zenefits

Form W-2 is no stranger to data breach, which the IRS defines as “the intentional or unintentional release or theft of secure information.”. Highlights of the IRS final rule. Employers: Can truncate SSNs only on employees’ W-2 copies — i.e., copies B and C. Background.

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Tax Compliance Calendar for 2021

Zenefits

2020 has been a wild ride for everyone, especially small business owners. Thankfully, Q4 means that you’re in the homestretch to a brand new year in just a few short months. Or you’re so ready for 2020 to be over that you can’t wait to prep for 2021. Or you’re so ready for 2020 to be over that you can’t wait to prep for 2021.

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Back to School: Test your HR knowledge

Business Management Daily

Require equal paternity leave for new dads. The IRS announced recently that it will make big changes to which form for 2020? TheHRSpecialist.com/2020w-4 11. But which generational group says they’re more likely to quit their jobs for more money? Millennials. Baby Boomers. Employees. Independent contractors.

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IRS announces new Form W-4 for 2020

BerniePortal

On December 5, 2019, the IRS released the final version of the 2020 Form W-4, which was retitled as the Employee’s Withholding Certificate. This is the forms first major update since 2017 when Congress made sweeping changes to the federal tax system. What’s changed on the new W-4?