Mar 8, 2016 | Announcements, Payroll, Tax Articles
The IRS released Notice 2016-22 (click here for PDF of notice) which provides guidance and transition relief on the Work Opportunity Tax Credit (WOTC) as part of the Protecting Americans from Tax Hikes Act of 2015 (PATH Act). The PATH Act extends the WOTC through...
Jun 23, 2014 | Announcements, Tax Articles
What exactly are high earners? The monetary thresholds are defined in the IRS table below. Wages and self-employment earnings on which Medicare tax is charged, and which exceed the thresholds listed, are subject to the “additional Medicare tax,” as the IRS...