By Steve Kania
Keeping up with payroll for your clients every other week can be a difficult task. Particularly if you’re not using a payroll company to make things easier. Keeping up with changing payroll tax laws, rules and regulations can be even more challenging.
It’s important to think ahead. Every year, there’s new information available from the IRS about payroll processing. This includes:
• New tax rates
• New tax wage limits
• New benefit charts.
• New deduction limits.
• New filing forms “W” forms.
It’s important to remind your clients to keep an eye on these changes, which usually come about in early December. You don’t want them to find out later that they’re not aware of an important new regulation.