Yonkers, N.Y. issues new withholding tables for August 1, 2014

Beginning with tax year 2014, the Yonkers resident personal income tax surcharge is increased from 15% to 16.75%. Effective for payrolls made on or after August 1, 2014, employers must use the revised withholding tax tables and methods to compute the amount of Yonkers resident personal income taxes to be withheld from employees. Form IT-2104 […]

Idaho re-issues new 2014 withholding tables

Idaho has re-issued the new withholding tables. The exemption amount was wrong in the tables issued previously. The correct amount is $3,950. The tables are effective prospectively. No catch up or recapture is necessary. All of the tables are reproduced in this CCH Payroll Management Guide at ¶5878 and ¶5879. The Idaho personal income tax […]

Missouri mandates e-forms and other e-documents

By January 1, 2015, the Missouri Department of Revenue must begin to develop a process by which all departmental tax forms and documents that are generally provided to the public are available in an electronic format online. Furthermore, by that same date, the department must also begin to develop a process by which any tax […]

Mississippi updates substitute forms guidance

Mississippi has updated its substitute forms guidance. All substitute forms produced by software providers must be submitted to DOR for approval prior to being included in a software package for use by the general public. Any provider purchasing another provider’s forms must submit those forms for approval. (Example: Company A with provider number 123 purchases […]

Georgia updates employer’s tax guide

The Georgia Department of Revenue has updated its publication concerning personal income withholding tax filing requirements that includes applicable withholding tax tables, basic definitions, answers to frequently asked questions, and references to applicable sections of the law. The withholding tables have not changed. (Employer’s Tax Guide, Georgia Department of Revenue, June 2014.) For more information […]

DOL publishes proposed wage regs for contract workers

On June 17, the DOL published in the Federal Register its proposed regulations increasing the minimum wage for workers on federal contracts to $10.10 an hour. Announced by the agency last week, the proposed rule implements the provisions of Executive Order (EO) 13658 issued by President Obama and published in the Federal Register earlier this […]

TIGTA issue report on trust fund recovery penalty

The Treasury Inspector General for Tax Administration (TIGTA) has issued a report which concludes that trust fund recovery penalty (TFRP) actions were not always timely or adequate. Employers who do not withhold amounts from their employees’ salaries to cover individual income, Social Security and Medicare taxes (trust fund taxes) are subject to the TFRP, which […]

SSA adjusts 2014 fee for SSN verification transactions

In order to use the SSA’s consent-based SSN verification service (CBSV), interested parties must pay a one-time nonrefundable enrollment fee of $5,000. Currently, for 2014, users also pay a fee of $1.10 per SSN verification transaction in advance of services. The agency agreed to calculate its costs periodically for providing CBSV services and adjust the […]

DOL sets agenda for new regulations

The Department of Labor (DOL) has issued its semiannual regulatory agenda, including significant changes to the rules under the Family and Medical Leave Act (FMLA) and the Fair Labor Standards Act (FLSA). Here’s a list of some key items the DOL plans to take up in coming months. FMLA definition of spouse As it promised […]

Vermont minimum wage to reach $10.50 per hour by 2018

Legislation that will gradually increase the minimum wage in Vermont to reach $10.50 per hour by 2018 was signed by Governor Peter Shumlin on June 9. The Governor said the phased-in approach, which is in line with what some neighboring states are also doing, softens the impact of the wage increase on businesses. The Vermont […]