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PrintAs an APA membership benefit, members are emailed up-to-the-minute news flashes. Below are the recent Compliance Updates and other important news.
Breaking Payroll News and Critical Updates
(December 10, 2020) The IRS has released the 2021 Publication 15-T, Federal Income Tax Withholding Methods, and the 2021 Form W-4, Employee's Withholding Certificate. More . . .
(October 26, 2020) The IRS has announced the changes to the dollar limits on benefits and contributions under qualified retirement plans, as well as other items, for tax year 2021. More . . .
(October 13, 2020) The Social Security Administration (SSA) announced that the 2021 social security wage base will be $142,800, which is an increase of $5,100 from $137,700 in 2020. More . . .
(June 29, 2020) The IRS released a revised Form 941, Employer’s Quarterly Federal Tax Return, and its instructions to be used beginning with the second quarter of 2020. More . . .
(January 2, 2020) The IRS announced that the business standard mileage rate for transportation expenses paid or incurred beginning January 1, 2020, will be 57.5 cents per mile, down 0.5 cents from 2019. More . . .
(January 2, 2020) In late December, the IRS released the 2020 Publication 15-T, Federal Income Tax Withholding Methods. More . . .
(December 5, 2019) The IRS released the 2020 Form W-4, Employee’s Withholding Certificate, on December 4. More . . .
(October 10, 2019) The Social Security Administration (SSA) announced on Thursday, October 10, 2019, that the 2020 social security wage base will be $137,700. More . . .
(September 24, 2019) The U.S. Department of Labor released the final rules increasing the minimum salary level for the Fair Labor Standards Act “white collar” exemptions from $455 to $684 per week. More . . .
(August 19, 2019) The IRS has released the second early drafts of the 2020 Form W-4, Employee's Withholding Certificate, and the 2020 Publication 15-T, Federal Income Tax Withholding Methods. The Form W-4 has been substantially revised. More . . .
(June 13, 2019) On June 7, the IRS released an early release draft of the new 2020 Publication 15-T, Federal Income Tax Withholding Methods, which will be used to figure federal income tax withholding using the newly revised draft of Form W-4, Employee's Withholding Allowance Certificate. The draft Form W-4 was released on May 31. More . . ..