WHAT'S NEW?
Get an overview of the changes that took place in 2023 as well as what is to come January 1, 2024.
The IRS continues to fine tune the form W-4 so employees do not have too much federal income tax withheld. This is great for those who prefer to keep their money instead of lending it to the IRS. But for those who like to receive a big refund each year, it is becoming a problem. We recommend everyone use the Tax Withholding Estimator each year to make sure their taxes are in line with their goals and their personal situation.
An updated Pub. 15, Employer's Tax Guide, is available for download (http://www.irs.gov/pub/irs-pdf/p15.pdf). It's highly recommended that all employers download and read this publication each year.
Form I-9 Released
The USCIS has not released a revised version of Form I-9, Employment Eligibility Verification. Employers may continue using Form I-9 with a expiration date of 10/31/22. Employers should continue to follow existing storage and retentions rules for all of their previously completed Forms I-9. Read the USCIS News Release, and visit I-9 Central for more information.
Form I-9
For employee questions regarding the Form I-9 Employment Eligibility Verification form, download the Employee Information Sheet.
Step-By-Step Employer's Tool Kit to Welcome Veterans
The Small Business Health Options Program (SHOP) is a new program that simplifies the process of buying health insurance for your small business. The SHOP Marketplace is open to employers with 50 or fewer full-time-eqivalent employees (FTEs). See if you qualify for a small business healthcare credit by checking out this website.
Join the thousands of business owners who participate in the e-Verify program. Make certain you are hiring legal workers and avoid many potential headaches down the road.
Have you thought about hiring a Veteran, but didn't know where to start? Check here for information on programs to help you find the most qualified workers.
See if you qualify for the federal Small Business Health Care Tax Credit...here.
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