If you represent a government entity that makes payments to contractors for products or services—or you are a contractor yourself—you may be interested in learning more about the new Federal income tax withholding provisions under Internal Revenue Code section 3402(t). These new provisions will require payers to withhold three percent from certain payments for products and services, beginning on January 1, 2013. These requirements apply to all Federal and state agencies, and certain units of local government. Learn more about which entities are required to withhold, which payees may be exempt from withholding, and which payments are subject to this [...]

Times are tough. As a business owner, would eliminating a large down payment for your workers' compensation insurance interest you? You know how important it is to manage cash flow on a day-to-day basis and that's not always easy when you have to come up with a down payment that may be as much as 25% of the premium for your workers compensation policy. Good News, DirectPay Payroll Services AND The Hartford have a solution!   XactPAY® allows you to pay your Hartford Workers' Compensation premium based on actual payrolls and one payroll period at a time. Your cash flow [...]

WASHINGTON — The Internal Revenue Service today encouraged taxpayers to guard against being misled by unscrupulous individuals trying to persuade them to file false claims for tax credits or rebates. The IRS has noted an increase in tax-return-related scams, frequently involving unsuspecting taxpayers who normally do not have a filing requirement in the first place. These taxpayers are led to believe they should file a return with the IRS for tax credits, refunds or rebates for which they are not really entitled. Many of these recent scams have been targeted in the South and Midwest. Most paid tax return preparers [...]

The Social Security Administration (SSA) is changing the way Social Security Numbers (SSNs) are issued. This change is referred to as "randomization." The SSA is developing this new method to help protect the integrity of the SSN. SSN Randomization will also extend the longevity of the nine-digit SSN nationwide. The SSA began assigning the nine-digit SSN in 1936 for the purpose of tracking workers' earnings over the course of their lifetimes to pay benefits. Since its inception, the SSN has always been comprised of the three-digit area number, followed by the two-digit group number, and ending with the four-digit serial [...]

ADI Time Clocks NEW! ADI Time announces a complete product line of IP based real-time “Push” terminals designed for adiTime Software solutions coming this summer. These new ADI Time terminals seamlessly interface with our powerful labor management subscription services and on-premise software, helping organizations of all sizes automate their time and attendance, in order to reduce expenses and errors related to payroll processing. Models are available with Biometric Authentication or Badge Authentication. The complete product line provides an ideal solution for businesses of all sizes. Capable of collecting, storing and transmitting employee time punches, it provides real time data collection [...]

The IRS periodically alerts taxpayers to schemes that fraudulently use the IRS name, logo or Web site clone to to gain access to consumers’ financial information in order to steal their identity and assets. The scams may take place through e-mail, fax or phone. When they take place via e-mail, they are called “phishing” scams. The following is a list of known schemes: A malicious e-mail, which claims to come from the IRS Tax Forums, requests that recipients register for this event for tax professionals by using an attached registration form.  This is not a legitimate request from the IRS.  The [...]