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tax consequence


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, […]
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The Tax Cuts and Jobs Act & You: Payroll in 2018

February 7, 2018 | posted by Abacus Payroll
Each year brings new changes in how employers and employees alike must handle the following tax season, and 2018 is no different. Thanks to the recently passed Tax Cuts and Jobs Act, you can expect changes to the way that you handle tax documents, exemptions, tax rates, fringe benefits, and more in the coming tax […]
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Independent Contractor or Employee?

December 1, 2014 | posted by Julie Strohlein, CPA
Employee or Independent Contractor
What are the differences between independent contractors and employees? Improperly classifying workers as independent contractors when they are actually employees can create a myriad of problems with various federal and state agencies. Employment taxes due to both the IRS and the state governments are a primary concern, but there may also be insurance or labor […]
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