PAYALITY NEWS & UPDATES

IRS Releases 2018 W-4

Chet Reilly • March 1, 2018 • Compliance

Following passage of the the Tax Cuts and Job Act in December 2017, the IRS has issued a new form W-4 for 2018. The IRS also released an updated tax withholding calculator on IRS.gov that employees can use to help determine their 2018 tax withholding. The IRS is not requiring employees to provide new W-4’s… Read more

IRS Extends Due Date to March 2, 2018 for Employers to Issue 2017 ACA Forms to Individuals

Chet Reilly • December 27, 2017 • Compliance

The IRS announced today that it has extended the 2018 due date for certain entities to provide 2017 health coverage information forms to individuals. Insurers, self-insuring employers, other coverage providers, and applicable large employers now have until March 2, 2018, to provide Forms 1095-B or 1095-C to individuals, which is a 30-day extension from the… Read more

California Employers will owe additional FUTA Tax for 2017

Chet Reilly • November 19, 2017 • Compliance

For the 7th consecutive year, California Employers will be assessed additional federal unemployment taxes (FUTA) because the state failed to repay the outstanding loan balance to the federal government by the November 10th deadline. https://www.irs.gov/businesses/small-businesses-self-employed/futa-credit-reduction California Employers subject to FUTA, will pay an additional 2.1% on FUTA taxable wages (first $7000 of taxable wages times… Read more

Payality named to Inc. 5000

Chet Reilly • August 22, 2017 • News

Payality has been named to the Inc. 5000, an annual listing of the nation’s fastest-growing private companies prepared by Inc. magazine. This represents the second time that the co-founders of Payality have had one of their companies make this prestigious list. The list represents a unique look at the most successful companies within the American economy’s most… Read more

Payality is fully disabling TLS 1.0 on March 1, 2017

Nick Ingrao • January 19, 2017 • Security

As part of Payality’s on-going efforts to ensure our systems as secure as possible, Payality will be disabling the use of Transport Layer Security Version 1.0. TLS1.0 is used by older, unsupported and  XP based versions of Web Browsers. Both TSL1.0 and these older browsers have security flaws necessitating discontinuation of their use. This change… Read more

Employers required to use new I-9 Form for 2017

Chet Reilly • December 22, 2016 • Compliance

The U.S. Citizenship and Immigration Services (USCIS) recently released a new version of Form I-9.  Employers must use only the new version beginning Jan. 22, 2017. The new I-9 form can be downloaded HERE. Among the changes in the new version, Section 1 asks for “other last names used” rather than “other names used,” and… Read more

Upcoming Holidays – Thanksgiving, Christmas and New Years

Nick Ingrao • November 17, 2016 • News

Dear Clients, As a reminder, Thursday, November 24, 2016, Friday November 25, 2016, Monday, December 26, 2016 and Monday January, 2, 2017 are banking holidays. Our office will be closed in observance of these holiday’s in addition to Friday, November 25, 2016. Please adjust payroll processing schedules accordingly to ensure timely direct deposits. We encourage… Read more

Upcoming Banking Holiday- Independence Day

Nick Ingrao • June 29, 2016 • News

Dear Clients, As a reminder, Monday, July 4th, 2016, is Independence Day and a banking holiday. Our offices will be closed in observance of the holiday. Please adjust payroll processing schedules accordingly to ensure timely direct deposits. Please note, If your check date is Tuesday, July 5th you will need to process your payroll by… Read more