spsadmin, Author at Seacoast Payroll Services

Unemployment Compensation is Taxable Income

Post author:spsadmin
Post published:August 25, 2020
Post category:IRS / Wages
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The Internal Revenue Service wants to remind people receiving unemployment compensation that those benefits ARE TAXABLE WAGES. Many people receiving these benefits don't have tax withheld and will be in…

Notice to Massachusetts Employees and Employers

Post author:spsadmin
Post published:August 3, 2019
Post category:Massachusetts / Payroll Taxes / State Taxes
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Do you work in Massachusetts? Payroll deductions could begin for many employees on October 1, 2019 for the new Department of Family and Medical Leave (DFML) Employment Security Trust Fund,…

Form W-4 Changes 2020

Post author:spsadmin
Post published:July 28, 2019
Post category:Payroll Taxes
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The IRS is releasing a revised W-4 form for 2020. The new form is supposed to complement the tax law changes from the Tax Cuts and Jobs Act of 2017,…