Managing payroll tax obligations is a critical part of running a business. For small and mid-sized companies, the risk of IRS penalties, interest charges, and compliance issues can be overwhelming. The information below highlights common penalties imposed by tax agencies and offers suggestions to help employers ensure they meet IRS requirements.
Posted in Payroll, HR & Benefits
As we approach 2025, it is essential for businesses to stay updated on recent changes impacting payroll, benefits, and compensation. This year brings several key updates, including an increase in the IRS standard mileage rate for business use, adjustments to 401(k) contribution limits, and a significant legal decision affecting overtime regulations. Below, we break down these changes and their implications for your payroll operations.
Posted in Payroll, HR & Benefits
