payroll tax Archives - Abacus Payroll

The CARES Act: Payroll Relief

March 27, 2020 | posted by Abacus Payroll

What employers need to know. On March 27, 2020 President Trump signed into law the Coronavirus Aid Relief and Economic Security Act (CARES Act). The CARES Act is a stimulus bill featuring over $2 trillion in measures designed to make a significant impact on the economy and bring relief to individuals and businesses impacted by COVID-19 or […]

Coronavirus: New Paid Leaves and Employer Payroll Tax Credits

March 23, 2020 | posted by Abacus Payroll

On March 18, 2020, President Trump signed the Families First Coronavirus Response Act (FFCRA) into law. The Act provides taxpayers a range of benefits including paid sick leave, expanded family and medical leave coverage, updates to unemployment insurance, increased Medicaid funding, free coronavirus testing, and new employer tax credits to help business fund these […]

Tax Season Lessons: The Importance of a Paycheck Checkup

October 1, 2019 | posted by Abacus Payroll

In years past, the IRS has encouraged taxpayers to double-check their form W-4s to ensure that they’re paying the right amount in taxes—often to no avail. Even if you haven’t suffered the repercussions of an out-of-date W-4, here are a few steps you can take to make sure you don’t have an unexpectedly high tax […]

5 Tips for Smarter Payroll Outsourcing

September 11, 2019 | posted by Abacus Payroll

It’s no secret that in-house payroll can be a time-consuming headache for employers. Outsourcing payroll has many benefits, from increased productivity and enhanced security to peace of mind that your employees are paid timely and accurately. The most important part of outsourcing, however, is working with a reputable provider. Since your company’s payroll tax responsibility […]

How to Verify Payroll Tax Payments

September 10, 2019 | posted by Abacus Payroll

Nearly 40% of small businesses outsource payroll to a third-party processor. How can you verify that your payroll tax deposits are being made? While there are many benefits to outsourcing a company’s payroll functions, it’s important to note that employers who outsource payroll are still legally responsible for any and all payroll taxes due. According […]

The Household Employee Problem

July 18, 2019 | posted by Abacus Payroll

Nanny Tax: This often overlooked bookkeeping and payroll tax requirement can cause a tangle of tax problems if not handled correctly. It ended a run for Congress by Caroline Kennedy (JFK’s daughter) and killed a U.S. Attorney General nominee’s chances for appointment. Could you be impacted? This is what you need to know. Nanny Tax […]

Did You Receive a NJ Assessment Notice? Here’s What You Need to Know

June 24, 2019 | posted by Abacus Payroll

New Jersey employers: Have you received your annual assessment notice this year? Each year the New Jersey Department of Labor distributes assessment notices to New Jersey Employers to supplement fund programs that are not covered by contributions from payroll taxes. Do not be alarmed when receiving this notice. It is not a penalty of any type, […]

2018 Pennsylvania Payroll Tax Rates

December 18, 2017 | posted by Abacus Payroll

Abacus Payroll and Alloy Silverstein present an updated summary of all changes to Pennsylvania payroll tax rates in 2018. We keep this page updated, but if you’d like to be alerted to more changes to Pennsylvania Payroll Tax rates in future, you can subscribe to our Payroll Tax Alert Service. If you’d like help with payroll, […]

2017 Federal Payroll Tax Rate Changes

December 13, 2016 | posted by Abacus Payroll

2017 minimum wage and maximum tax rates for usa federal

Here is a summary of the federal 2017 payroll tax changes including Social Security, Medicare, Unemployment Tax, Minimum Wage, 401(k) limits and more. Print 2017 Payroll Tax Alert Social Security / Medicare The wage base increases to $127,200 for Social Security and remains UNLIMITED for Medicare. For Social Security, the tax rate is […]

New Jersey Payroll Tax Rates for 2017

December 13, 2016 | posted by Abacus Payroll

Abacus Payroll presents a a summary of all the payroll tax changes that New Jersey employers or business owners need to know for 2017. We keep this page updated, but if you’d like to be alerted to more changes to New Jersey Payroll Tax rates in future, you can subscribe to our Payroll Tax Alert […]