IRS notes 60% increase in number of successful cybercriminal attacks Security experts and the IRS, including tax industry and state tax authorities, cautioned tax professionals to be on the alert for tax season cybercriminals that are helping fuel a dramatic uptick in reports of taxpayer data thefts from tax practitioner offices. The IRS has seen [...]

Employers are often concerned about employee discussions regarding their wages and benefits. While they may not like such discussions, employers should take note that they may not prohibit, or even hint at consequences, if employees discuss their compensation amongst each other. Employers may not in any way discipline or react in a negative way towards [...]

IRS Initiates Paycheck Check-Up Week, March 26-April 1 The IRS has issued the new W-4 for 2018 taking into account the new Tax Act which went into effect in January.  (The Advi$or notes that what used to be a 2 page document is now 4 pages!) Along with that release, the IRS launched a special week of [...]

It is not unusual for for-profit employers to bring on interns to work at their company. In not too distant past years, in general, many employers assumed the intern would not be paid. They worked for the valuable experience. However during the Obama administration, due to actions by the Dept. of Labor, employers needed to [...]

Time & Pay is pleased to announce the primary sponsorship of the 2018 2nd annual Johnson City Jazz Festival. The Jazz Festival will take place March 15, 16 and 17 at the Carnegie Hotel in Johnson City. "We are proud to work with the Jazz Festival again this year," noted Steve Scheu, CEO of Time [...]

Tennessee Unemployment Taxes (SUTA) to Decline in 2018 The Tennessee Dept of Revenue notified employers that the State Unemployment Wage Cap will be reduced from $8,000 to $7,000, thus reducing the amount of state unemployment payroll taxes employers will pay in 2018. Good news! The Wage Cap is the amount of wages paid to employees that [...]

Maria Ilina Joins Time & Pay's Sales Staff Time & Pay is pleased to announce Maria Ilina has joined our sales department. Maria studied economics and finance at ETSU, and graduated with an MBA in 2008. She has since worked in financial services, and served as the head coach of the men’s and women’s tennis teams [...]

Time & Pay Implements 2018 Payroll Withholding Tax Rates? On Dec 22, 2017, President Trump signed into law the Tax Cuts and Jobs Act that will, as determined by the Tax Policy Center, cut income taxes for 143 million Americans. The law went into effect January 1, 2018. On Jan 11, 2018 the IRS released the new tax tables [...]

The Occupational Safety and Health Administration (OSHA) mandates that all employers with more than 10 employees—except those in exempt low-risk industries—must maintain a record of work-related injuries and illnesses. Those who are required to maintain these records use OSHA’s Form 300- Log of Work-Related Injuries and Illnesses,  or an equivalent or state-specific form. A summary [...]

Tax Cuts and Jobs Act - What Does It Mean for Your Payroll? On Dec 22, 2017, President Trump signed into law the Tax Cuts and Jobs Act that will, as determined by the Tax Policy Center, cut income taxes for 143 million Americans. The law goes into effect January 1, 2018. This new tax law will obviously effect [...]