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Posts Categorized / What’s New

  • Feb 06 / 2018
What's New

2018 Standard Mileage Rates After Federal Tax Reform

The Tax Cuts and Jobs Act (TCJA; Pub. L. 115-97) suspends the deduction for miles driven for moving purposes for tax years 2018 through 2025. This means that all job-related moving expenses paid by the employer to or on behalf of the employee are taxable, whether for mileage or any other expense. The mileage rate paid by the employer is irrelevant, except for certain moves made by members of the U.S. military, which still qualify. Previously, the IRS released the 2018 standard mileage rates in Notice 2018-3, not knowing what, if any, tax reform legislation would be enacted.

Notice 2018-3 provided the 2018 standard mileage rates: the business standard mileage rate is 54.5 cents per mile (up from 53.5 cents per mile); the standard rate for miles driven for medical purposes or qualifying military moves is 18 cents per mile (up from 17 cents per mile); and the standard mileage rate for operating a passenger car for charitable purposes, which is set by law, is 14 cents per mile (unchanged).

  • Jan 17 / 2018
What's New

CA Notice to Employees (DE 35)

The form Notice to Employees (DE 35) has been made obsolete.  Please disregard the information referenced on page 5, step 3, and page 79 of the 2017 California Employer’s Guide

  • Jan 17 / 2018
What's New

IRS Releases Withholding Tables

On January 11, the IRS released Notice 1036. All of the withholding allowance amounts have increased, the optional flat rate for supplemental wages up to and including $1 million has decreased to 22%, the mandatory flat rate for supplemental wages over $1 million has decreased to 37%, and the backup withholding rate has decreased to 24%. Employers are encouraged to implement the 2018 withholding tables as soon as possible, but not later than February 15, 2018.

  • Jan 17 / 2018
What's New

IRS to Revise Form W-4, Withholding Tax Calculator

The IRS has announced that it is revising Form W-4 and its online withholding tax calculator. The revisions will reflect changes made by the Tax Cuts and Jobs Act. Until a new Form W-4 is issued, the 2017 Form W-4 should be used. The IRS expects the revised tax calculator to be available by the end of February. For 2019, the IRS anticipates making further changes involving withholding and will work with the business and payroll communities to encourage employees to file new Forms W-4 next year.

  • Jan 02 / 2018
What's New

IRS Developing Withholding Guidance

On December 26, the IRS issued a statement saying that it is developing withholding guidance to implement the Tax Cuts and Jobs Act (Pub. L. 115-97) that will be issued in January. Employers and payroll service providers will be expected to implement the new guidance when paying employees in February. The IRS stressed that the guidance “will be designed to work with existing Forms W-4 . . . and no further action by taxpayers is needed at this time.” Until then, employers and PSPs should continue using the 2017 withholding tables.

  • Jan 02 / 2018
What's New

Employers Get 30 More Days to Give 2017 Forms 1095-C to Employees

The IRS has extended the deadline to March 2, 2018, for employers and insurers to give the 2017 ACA Forms 1095-C and 1095-B to employees and covered individuals. The IRS did not extend the deadline to file Forms 1094-B, 1094-C, 1095-B, and 1095-C with the IRS. These deadlines remain February 28, 2018 (paper) or April 2, 2018 (electronically). The IRS also has extended penalty relief for employers that can show they have made “good-faith” efforts to comply with ACA reporting requirements.

  • Jan 02 / 2018
What's New

2018 Mileage Rates Released

The IRS has released Notice 2018-3, which provides the 2018 standard mileage rates. Effective January 1, 2018, the business standard mileage rate will be 54.5 cents per mile (up 1 cent), the medical expense rate will be 18 cents per mile (up 1 cent), and the rate for miles driven for charitable purposes will remain at 14 cents per mile.

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