On December 22, President Trump signed H.R. 1, also known as the Tax Cuts and Jobs Act. The legislation will usher in the most sweeping tax changes in 30 years. On January 18, APA will present the webinar Tax Reform: How Will It Impact Your Payroll Process?, which will provide an overview of how the legislation will impact payroll in 2018 and beyond.

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.

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.

The Bureau of the Fiscal Service has issued final regulations that allow federal agencies to accept same day ACH transactions.
https://goo.gl/df7eiZ

On November 27, the Social Security Administration (SSA) announced that the 2018 social security wage base will be $128,400, not $128,700 as it previously reported on October 13. This is still an increase of $1,200 from $127,200 in 2017. The lower amount is due to approximately 500,000 Forms W-2c (correcting 2016 Forms W-2) submitted to the SSA in late October by a payroll service provider.

The U.S. Department of Labor has announced that California and the Virgin Islands will lose the full Federal Unemployment Tax Act credit for 2017 because they could not pay their federal loans by the November 10, 2017, deadline. Each will have a credit reduction of 2.1% for 2017.

On its December 7 industry payroll call, the IRS stated that several items, including the 2018 federal withholding tables, Form W-4, and Publications 15, 15-A, and 15-B, will be issued later than usual due to the potential enactment of H.R. 1, the Tax Cuts and Jobs Act. Employers should continue to use the 2017 information until the 2018 versions are issued.

Jan. 1 – Dec. 31
$70 Individual – National Non Member
$60 – Individual – National Member with Member ID #*

GSA establishes the maximum CONUS (Continental United States) Per Diem rates for federal travel customers.  Rates are set by fiscal year, effective October 1 each year. Find current rates in the continental United States (“CONUS Rates”) by searching below with city and state (or ZIP code), or by clicking on the map.

https://www.gsa.gov/travel/plan-book/per-diem-rates