One might assume the term “trust fund recovery penalty” has something to do with estate planning. It’s important for business owners and executives to know better.  In point of fact, the trust fund recovery penalty relates to payroll taxes. Th...

The Internal Revenue Service (IRS) issued an alert to payroll and human resources professionals to beware of an emerging phishing email scheme that purports to be from company executives and requests personal information on employees. The IRS has le...

Yesterday, Dec. 28, 2015, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) announced a limited extension of the early 2016 due dates for the 2015 information reporting requirements for employers and insurers under the Afford...

A business that has employees must withhold income taxes on payments to each employee. Each employee must first fill out Form W-4, Employee’s Withholding Allowance Certificate, and provide it to the employer. On the form the employee can claim exem...

Managing payroll can be a taxing process that extends beyond cutting checks and distributing them to employees, and if handled incorrectly, can cost thousands of dollars in penalties. With regulations constantly changing and varying from state to sta...

The current likelihood that your business will become involved in an employment tax audit or an employment-related income tax audit has increased. The Internal Revenue Service (IRS) is aggressively attempting to reduce the “tax gap” of un...

If your business is still cutting paper checks, you’re missing out on an opportunity to save thousands and into the millions of dollars per year – depending on the size of your business – not to mention protect employees and reduce your carbon ...

You likely understand the importance of responding to court orders for garnishments on employee pay, but did you know you could be held liable for the amounts if you fail to calculate them correctly? The Houston payroll providers at Data Management P...