Search results for "Tax Filing"
32 Results Found
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6 Payroll Tips to Wrap up the Year
https://www.dmpayroll.com/blog_articles/6-payroll-tips-to-wrap-up-the-year/
As the end of the year approaches, it is crucial to ensure your payroll year-end information is accurate to help your business and employees prepare for tax season and year-end reporting. Even if you are an experienced pro, it can be easy to overlook items during the year-end crunch time. DM Payroll Solutions has outlined […] Read More
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5 Steps to Easy Year-End Payroll Reporting
https://www.dmpayroll.com/blog_articles/5-steps-to-easy-year-end-payroll-reporting/
The end of the year is quickly approaching, so it’s imperative to start preparing for your year-end payroll reporting as soon as possible. As you’re probably familiar, the year-end payroll process can be overwhelming for a business owner, with the need to accurately calculate taxes, wages and deductions for all your employees in a short […] Read More
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IRS Issues Changes to Cafeteria Plans, FSA Claims Period and HSA Limits
https://www.dmpayroll.com/blog_articles/irs-issues-changes-to-cafeteria-plans-fsa-claims-period-and-hsa-limits/
In light of the COVID-19 crisis, the Internal Revenue Service (IRS) has issued new guidance pertaining to cafeteria plan changes, health flexible spending arrangements (FSAs) and health savings accounts (HSAs) in IRS Notice 2020-29 and Notice 2020-33. The new guidance provides flexibility to employees across the country as businesses continue to navigate the current health […] Read More
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What to Know About the Updated Form 941
https://www.dmpayroll.com/blog_articles/what-to-know-about-the-updated-form-941/
At the end of April, the Internal Revenue Service (IRS) issued new drafts of the 2020 Form 941 Employer’s Quarterly Federal Tax Return, to be used with the second quarter return. The new form must be filed by July 31, 2020, which if you’re a DM Payroll Solutions’ client you won’t need to worry – we […] Read More
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What the Families First Coronavirus Response Act Means for Your Business
https://www.dmpayroll.com/blog_articles/what-the-families-first-coronavirus-response-act-means-for-your-business/
In response to the Coronavirus (COVID-19) pandemic, President Trump signed into law the Families First Coronavirus Response Act on March 18, 2020 which will impact many employers. DM Payroll Solutions has outlined the highlights of the new law below. Emergency Paid Sick Leave Employers with fewer than 500 employees are required to provide paid emergency […] Read More
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The SECURE Act’s Impact on Retirement Plans
https://www.dmpayroll.com/blog_articles/the-secure-acts-impact-on-retirement-plans/
The Setting Every Community Up for Retirement Enhancement Act, better known as the SECURE Act, was signed into law at the end of December to help more Americans prepare and plan for greater financial security during their retirement years. Here are some highlights of the main provisions impact on retirement plans: Tax Credit Increased: The […] Read More
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5 Tips for Year-End Payroll Prep
https://www.dmpayroll.com/blog_articles/5-tips-for-year-end-payroll-prep/
With the new year closing in on us quickly, don’t wait until December 31st to start your year-end processing. As you know, the year-end payroll process can be overwhelming to accurately calculate taxes, compensation and deductions during crunch time. DM Payroll Services has compiled 5 quick tips to help make your year-end processing run more […] Read More
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5 Benefits of Outsourcing Your Payroll
https://www.dmpayroll.com/blog_articles/5-benefits-of-outsourcing-your-payroll/
One of the most costly and time-consuming aspects of running a business is managing your employees’ payroll from week-to-week. And to top it all off, if your payroll isn’t processed on time, it can cost your business thousands of dollars in fines along with irreparable damage to employee morale. If you are not outsourcing your […] Read More
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IRS Announces Decrease in ESR Penalties for 2025
https://www.dmpayroll.com/blog_articles/irs-announces-decrease-in-esr-penalties-for-2025/
The IRS announced a decrease for 2025 to the applicable dollar amount used in calculating employer shared responsibility (ESR) payments under the Affordable Care Act (ACA). For 2025, the ESR payment amounts will be $2,900 for failing to offer minimal essential health care coverage and $4,350 for failing to offer affordable minimal essential health care, […] Read More
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Finding the Best Payroll Provider for Your Business
https://www.dmpayroll.com/blog_articles/finding-the-best-payroll-provider-for-your-business/
Outsourcing payroll comes with clear advantages, all of which contribute to the overall efficiency of a business. However, it’s important to partner with the correct payroll provider to ensure your business’s unique needs are met. The right payroll provider can save you time, money and stress with your payroll processing. Below are five reasons it […] Read More