Payroll Insights

Employment tax news to guide you now and for the future

A publication from KPMG LLP's Employment Tax practice that covers current developments for payroll and employment tax.

 

 

Payroll Insights is published periodically throughout the year as developments occur. The Employment Tax practice is interested in your feedback, including any topics you might like to see addressed in future issues. 

 

Payroll Insights - September 2022 edition
The latest issue of Payroll Insights features John’s "fresh take" on upcoming year-end activities, federal updates on interest rates for the fourth quarter, recent business standard mileage rate increase, and more state employment tax updates from California, Illinois, New Jersey, New York, Ohio, and Washington State.

Previous Issues

August 2022: The August issue brings you John's fresh take on New Hampshire's new legislation regarding telecommuting rules,  the expansion of paid leave in new states, and more Federal IRS updates. 

July 2022: The July edition brings you John fresh take on the federal, state and local payroll tax audits, the latest news from the IRS on worker classification, Social Security, and local city payroll tax updates. Read now. 

June 2022: This month's Payroll Insights features John's "fresh take" on the tax considerations for employers downsizing their workforce, an update on employee retention credit claims, and more federal and state employment tax news.

May 2022: Read the May issue for insights into FUTA credit reductions on state unpaid loans, IRS updated penalty amounts for incorrectly filed information returns, plus more federal and state employment tax news.

April 2022: Read the April issue of Payroll Insights for John's "fresh take" on unemployment loan delays, the latest news from the IRS on mailing of notices, Federal Form 941 updates, and state updates from around the country. 

March 2022: The March issue features the latest updates from the IRS on early termination of ERC, the IRS tax calendars for 2022,  state guidance on 2022 employment tax rates and rules, and more for the new tax year.

 

2021 Payroll Insights Issues

December 2021: The December issue features the  insights on domestic and global tax compliance, the latest news on IRS's limits to retirement plan contributions, and state updates to 2022 employment tax rates and rules. Read now.

November 2021: Read our November issue for John's "Fresh Take" on year-end payroll reporting and a look ahead to 2022 compliance―plus the latest in federal and state guidance on year-end and rate updates. 

October 2021: This issue features John's Fresh Take on Year-end payroll, and the latest federal updates on the Social Security Trustees project, ICE's new employee guidance for I-9 compliance, plus state updates on nonresident taxation of remote workers, and more. 

September 2021: The September edition brings you employment tax news from around the country including IRS updates on the employee retention credit, plus the latest news from New Jersey, Louisiana, New Hampshire, and more. 

August 2021: Read the August of Payroll Insights for John's Fresh Take on the State of Washington's employee payroll tax for long-term care benefits―plus tax news from  Arizona, Connecticut, Hawaii, Illinois, and more.

July 2021:  This issue features John's Fresh Take on Massachusetts, the latest news on the payroll-related bills introduced in Congress, an update on the social security deferral repayments―along with news from Washington State, Nevada, New Mexico and Oregon.

June 2021: This issue features John's Fresh Take on New York State, the latest news on New Hampshire's Remote Worker Case―along with federal updates on Dependent Care Benefits, Form 941-X, IRS Virus Relief, state guidance, and more.

April 2021: Read about he latest KPMG report on Notice 2021-23 and employee retention credit, Notice 2021-24 on penalty relief and reduced employment tax deposits, along with more IRS notice updates.

March 2021:  Read about the latest KPMG report on employer's role in Rescue Act COBRA subsidies and tax credits, compensation and benefits-related provisions in the COVID relief bill, and more federal and state news updates.

February 2021: Read the February edition of Payroll Insights for a KPMG report on employer-provided student loan repayments, updates to IRS issued draft and final 2021 Forms, and the latest Multistate COVID-19 withholding guidance.

January 2021: Read about the Fair Labor Standards Act's Independent Contractor update, the IRS's advance version of Notice 2021-7, and updates on IRS standard mileage rates, plus more state news.

2020 Payroll Insights Issues

December 20, 2020: Read this special edition of Paytoll Insights to learn about the latest updates on year-end funding and COVID relief legislation. 

December 15, 2020: Read about the latest Federal and State updates including guidance on the state income and unemployment tax changes in light of COVID-19.

November 1, 2020: Read about the updated New York telecommuting rules and register for upcoming year-end payroll webcasts. 

October 13, 2020: This issue highlights the 2020 year end checklist, the latest in federal payroll returns, New Jersey's Withholding Update, and more. 

September 1, 2020: KPMG report: Initial analysis of Notice 2020-65, guidance on employee payroll tax referral

August 19, 2020: Read the latest issue which includes the latest updates on the presidential memorandum on deferring payroll tax obligations (COVID-19).

June 25, 2020: Read the latest issue with updates on Form 941, Remote and Mobile Worker Relief Act of 2020 and more.

June 11, 2020: This issue provides an update on the U.S. Labor Department ERISA rules, and the latest state and local tax guidance on COVID-19.

May 22, 2020: This issue provides information on the IRS fact sheet on COVID-19-related paid leave, as well as related state updates; an FAQ on employee retention credit, and more. 

May 5, 2020: This issue covers KPMG's initial impressions of additional FAQs on the employee retention credit; draft Employer's Quarterly Federal Tax Return, and updates on state guidance for COVID-19. 

April 17, 2020 - This issue provides an IRS FAQ for the CARES Act, as well as state and local employment tax guidance related to COVID-19. 

April 14, 2020 -  This issue provides updates on IRS Form 941, draft versions of Form 7200, and state and local employment tax guidance in response to COVID-19.

March 31, 2020 - This issue provides updates on the CARES Act and state and local tax guidance related to COVID-19.

March 18, 2020 - This issue provides updates on compensation and benefits concerns and employee hardship assistance related to COVID-19. 

January 15, 2020 - This issue provides an update on Form W-4, state withholding certificates, standard mileage rates for 2020, and tax relief for taxpayers affected by Puerto Rico earthquakes.

 


Contact us

John Montgomery

John Montgomery

Partner, Global Mobility Services, Employment Tax, KPMG LLP

+1 212-872-2156
Mindy Mayo

Mindy Mayo

Managing Director, Global Mobility Services, Employment Tax, KPMG US

408-367-2202
Manan Shah

Manan Shah

Managing Director, Global Mobility Services, Employment Tax, KPMG US

404-739-5247
Jon Stone

Jon Stone

Managing Director, Global Mobility Services, Employment Tax, KPMG US

+1 408 367 1983
Reagan Aikins

Reagan Aikins

Managing Director, Global Mobility Services, Employment Tax, KPMG US

+1 703-286-6596