It’s that time of year again – the beginning of tax season! Now that we’ve entered into a new year you are probably asking “when does my employer have to send my w2” for last year? Good Question! Your employer must send your tax form to you by January 31st. If you haven’t…
In 2017, about 41 percent of all U.S. families included children under the age of 18, according to the Bureau of Labor Statistics. These children consisted of sons, daughters, step-children, and adopted children. The BLS survey also revealed that 71.1 percent of women with children under 18 participated in the U.S. labor force in…
Chances are that whenever you get paid, you receive a pay stub, or wage statement, describing details of the payment. Maybe you ignore the pay stub because your take-home pay looks correct. Or maybe you look it over, but find it too complicated to figure out. Either way, it’s important that you analyze and comprehend…
Employment taxes are notoriously difficult to navigate. What makes the topic so complex is that it has two distinct yet related parts: employee and employer taxes. To simplify things, many employers entrust their employment tax responsibilities to a payroll provider. While this is a great idea, it’s still important for employers to know at least…
As part of the employment process, employees routinely give up their personal information, which the employer then uses for various purposes – including hiring, payroll processing, and benefits administration. This sensitive data may classify as “Personally Identifiable Information” (PII), which the employer is obligated to protect. What is PII? According to the General Services…