In December, the tax reform legislation made major changes to the tax law, including increasing, limiting or discontinuing some standard deductions, exemptions and changing rates in Brackets. The updates are going to affect employees and good employers are going to want to make sure their employees aren’t surprised when they do their returns.
However, these links are to make sure that the steps that employers are taking to pay and withhold properly from their employees are verified by the employer. View or Read for more information about changes and how you can be proactive regarding your taxes and payroll responsibilities.
Payroll Check-ups are imperative to all, but for taxpayers who owed additional taxes in 2017, it would be prudent to schedule your payroll checkup to potentially avoid unexpected taxes next year. Just because someone employs a payroll company doesn’t mean their responsibilities for the payments are off of their plate. They can double check all federal payments as they are made by following the steps laid out in those links.