This post is dedicated to Payroll Mate and W2 Mate Alabama users who are required to report exempt overtime wages on form W-2. The Alabama Department of Revenue proposes that exempt overtime wages be reported in Box 14 of employees Form W-2 using “EX OT WAGES” as the indicator: for example, EX OT WAGES- $15,250. … Read more
These are the final state W-2 filing requirements and due dates for the 2020 / 2021 tax season.
Massachusetts now mandates filing Forms 1099-K with the department of revenue when the gross amount paid in settlement in a calendar year is $600 or greater. Third party settlement organizations, TPSOs and other Massachusetts filers can use our 1099 software to comply with these new Mass 1099-K reporting requirements. Summary of requirements: 1.New reporting requirements … Read more
The United States Congress passed the Tax Cuts and Jobs Act of 2017 on December 20, 2017. Payroll Mate is helping employers and tax professionals comply with the new regulations. The Payroll Mate team put together this “cheat sheet” that covers some of the common questions employers have about the new bill: When will the … Read more
Here are the Top 10 things about IRS Form 1095-C that every employer should know: 1) If you are an employer with 50 or more full-time employees in the preceding calendar year you must use Affordable Care Act Form 1095-C to report your employees’ offers of health coverage and enrollment in health coverage. 2) … Read more