United States

Payroll Insights

payroll-insights

Payroll Insights, a publication from KPMG LLP's Employment Tax practice, covers current developments for payroll and employment tax.  It is published periodically throughout the year as developments occur. 

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The Employment Tax practice is interested in your feedback, including any topics you might like to see addressed in future issues.  Please contact Scott Schapiro (sschapiro@kpmg.com)

Current Edition

November 2017 - This edition contains the following articles: 2017 Year-End Payroll Insights; State Updates; State Unemployment Insurance - Voluntary Contribution Calculation; and FRED SAID: Constructive Receipt, Group Term Life Insurance, and IRS Proposal of Truncated SSN.

Previous Editions

2nd Edition of September 2017 - This special edition for the month of September contains the following articles: Texas Disaster Unemployment Assistance; Hurricane Victims May Access Funds in Certain Retirement Plans; and New Employment Eligibility Verification I-9 Form Now Effective.

September 2017 - This special edition includes a KPMG report: Disaster relief; tax implications when employers help employees.

August 2017 - This edition contains the following articles: Federal Tax Treatment of Identity Protection Services, CA Employment Development Department - Electronic File and Pay Requirement, and NY Family Sick Leave - Payroll Deductions.

July 2017 - This edition is about Illinois increasing personal and corporate withholding tax rates.

Special Edition - June 2017 - This edition is about the Mobile Workforce Bill Passes House on June 20, 2017.

April 2017 - This edition contains the following articles: Changes in the "Sttlement Rule" for Nonqualified Stock Options: From T+3 to T+2; Mobile Workforce Bill Passes the House Judiciary Committee.

March 2017 - This edition is about mobile workforce bill introduced in 115th Congress.

Year-End Edition - December 2016 -  This edition contains the following articles: FUTA Tax Rates Increase for California and the U.S. Virgin Islands; Ohio Pays Federal Unemployment Loan - UI Tax back to $42 per employee; Small Illinois Employers to File Quarterly Employment Tax Returns (from Annual); State Employment Tax Compliance in a Mobile Workforce Environment; FRED SAID: Year-End Reminders; Accelerated Form W-2 and 1099-MISC Filings; House Passage of Mobile Workforce bill; 2 Deactivated Uber drivers are SUI eligible - New York DOL; Additional Guidance on CPEO requirements from the IRS; and Employees Fired While in Jail are Eligible for UI Benefits - Iowa Supreme Court.

December 2016 -  This edition contains the following articles: New Jersey Reverses Earlier Termination of Tax Reciprocity with Pennsylvania and Texas Federal Judge Blocks DOL’s Overtime Rule.

October 2016 -  This edition is about New Jersey ending tax reciprocity with Pennsylvania.

September 2016 -  This edition contains the following articles: House Passed Mobile Workforce State Income Tax Simplification Bill; Qualified Small Businesses Can Offset Payroll Taxes with Section 41 Tax Credit; New Accelerated Due Dates for 2016 Forms W-2 and 1099-MISC.

August 2016 -  This edition contains the following articles: Late Deposits on Equity Compensation Employment Taxes - Pitfalls to Avoid and FUTA Tax Offset Credit Reductions for 2016.

May 2016 -  This edition has an article on a final overtime rule from the Department of Labor.

February 2016 -  This edition has an article on California, Ohio, Connecticut, and Virgin Island employers potentially looking at much higher 2016 FUTA taxes.

January 2016 -  This special edition includes articles on the changes to the de minimus withholding threshold in Connecticut and the IRS deadline extension for filing Affordable Care Act forms.