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tax law


Important Payroll Tax Forms

December 31, 2019 | posted by Abacus Payroll
Here at Abacus Payroll, Inc. we want to make life as easy as possible, which is why you will find important and frequently used payroll tax forms and what they are for right here. If there’s something you can’t find, then please let us know.   Employee Direct Deposit Authorization Agreement – This agreement allows […]
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How the Tax Cuts and Jobs Act Affects You as an Employer

March 1, 2018 | posted by Abacus Payroll
It’s no secret that a number of complications accompany tax reform, and the Tax Cuts and Jobs Act is no different. While plenty of the act’s provisions pertain to your employees, there are a few crucial employer-focused aspects as well, meaning that things ranging from possible deductions to company policy may have to change. If […]
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Federal Payroll Tax Changes in 2014

July 7, 2014 | posted by Abacus Payroll
Social Security / Medicare   The wage base increases to $117,000 for Social Security and remains UNLIMITED for Medicare. For Social Security, the tax rate is 6.20% for both employers and employees (Maximum Social Security tax withheld from wages is $7,254.00 in 2014). For Medicare, the rate remains unchanged at 1.45% for both employers and […]
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New Jersey Payroll Tax Rates in 2014

May 28, 2014 | posted by Abacus Payroll
If you’re a small business in New Jersey, then here is a summary of all the payroll tax changes that you need to know about in 2014. 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 […]
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