Extended Due Date for Deferred Taxes
Employers who elected to defer their employees’ taxes were instructed to withhold and pay the deferred taxes during the beginning of the year. However, this period has recently been extended.
Geocoding is useful for a multitude of different applications, and especially important in payroll for determining the precise taxes that apply to individual employees.
Local taxes are income taxes imposed by local governments. Separate from federal and state income tax, local taxes generally are imposed on people who live or work in the locality.
Multi-state payroll refers to when an employee lives in one state but works in another and additional considerations must be considered when determining taxes.
Employers who elected to defer their employees’ taxes were instructed to withhold and pay the deferred taxes during the beginning of the year. However, this period has recently been extended.
In early January, a Final Rule for classifying independent workers was published; however, it has now been put on hold due to the regulatory freeze.
The IRS is diligently working on sending out the second stimulus payments of 2020 to eligible recipients. Find out where your stimulus payment is with these tools and resources.
Netchex is now able to focus on the critical components of their applications while the Symmetry Tax Engine and Symmetry Payroll Forms help maintain compliance within their integrated solutions.
Anthem teamed up with Symmetry Software and implemented the Symmetry Tax Engine, allowing them to automate the process of looking up local and state tax codes.
When Inova Payroll joined forces with Symmetry Software, branding the calculators as their own supported Inova's marketing efforts while allowing customers the ability to run varying payroll scenarios for accurate and timely results.
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