We have known for several years that a new W-4 is coming. The 2019 W-4 is slightly different from its predecessor, but the 2020 form is completely different. The IRS intends to simplify the process with its new form. Whether or not it works out that way remains to be seen. The question now is whether or not your clients are ready for the coming changes?
New phishing schemes emerged at the end of 2018, and this one specifically targets payroll and human resources professionals.
During tax filing season, employees often look to payroll professionals for answers. This year, there may be even more questions due to sweeping changes caused by the Tax Cuts and Jobs Act (TCJA).