Payroll

Payroll tax compliance: New Social Security wage base for 2027

From $3,000 in 1937 to $192,300 in 2027, the Social Security wage base has changed dramatically over the years. Here’s what the latest increase means for small business owners and their employees.
October 27, 2026
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If your small business has employees, you may need to budget for higher payroll costs next year, especially if you employ many high earners. The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $192,300 for 2027 (up from $184,500 for 2026). Wages and self-employment income above […]
#FICA, #PayrollTaxes, #SocialSecurityTax
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Payroll

IRS publishes new per diem business travel rates for fiscal year 2027

New IRS-approved “per diem” rates took effect on Oct. 1, 2026. Learn how these rates can simplify expense reporting and help you manage business travel costs.
October 19, 2026
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Many businesses use federal “per diem” rates to reimburse employees for out-of-pocket travel expenses. In Notice 2026-60, the IRS announced special per diem rates that are effective for the federal government’s fiscal year of October 1, 2026, through September 30, 2027. Taxpayers can use these rates to substantiate certain lodging, meals and incidental expenses for business travel […]
#Payroll, #PerDiem, #TravelReimbursement
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Payroll

How to avoid and correct common payroll tax mistakes

Payroll tax compliance involves more than calculating paychecks. Learn which areas deserve closer attention and how to respond when something goes wrong.
August 31, 2026
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Payroll administration can be challenging for small business owners — and mistakes can create problems for both employers and employees. Incorrect paychecks can frustrate employees and require time and resources to fix. Errors involving tax withholding, deposits or reporting can also expose your business to interest and penalties. Mistakes can happen even with payroll software […]
#Payroll, #PayrollCompliance, #PayrollManagement
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Payroll

When an employee’s Form W-4 raises red flags

How closely should your business review employees’ withholding information? Find out when you must take action — and when these matters should be left to the employee or the IRS.
July 28, 2026
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Your employees use Form W-4, “Employee’s Withholding Certificate,” to tell you how much federal income tax to withhold from their pay. Most forms are routine, but an altered certificate, unusual accompanying statement or IRS lock-in letter may require special handling. Knowing how to respond can help your business meet its withholding obligations without becoming involved […]
#FormW4, #PayrollCompliance, #TaxWithholding
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Payroll

Answers to Common Payroll Questions

Illustration of a laptop with a payroll document, target, coins and calculator all on a wooden background
January 8, 2024
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Understanding the payroll tax rules can be challenging when your company hires workers or the personal situations of existing employees change. Employers often have questions about their shifting recordkeeping and withholding requirements. Here are some topics that employers have recently queried. Hiring Retirees Question: If my company hires retirees for part-time work, is there a limit on […]
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Payroll

10 Payroll Issues for Small Businesses

Illustration of a laptop with a sheet of paper on it that says Payroll, behind it is a target, calculator, financial report, wallet, dollar bills and coins
July 27, 2023
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You may not think of your small business’s payroll function as risky. But if you don’t properly handle certain payroll challenges, you may risk IRS scrutiny, operational disruptions and financial losses. What should you watch out for? Here’s a list of 10 payroll issues small organizations must grapple with. Accurate recordkeeping.If you don’t keep detailed and accurate […]
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