A 1099-K is a transaction record from third-party payment networks such as PayPal or Venmo and credit card providers. They fill out the 1099-K and send copies to the IRS, state and person receiving the payments. The objective is to ensure people report th… What is an IRS Form 1099-K? Form 1099-K, Payment Card and Third-Party Network Transactions, is an IRS information return used to report certain payment transactions to improve… https://customer.aatrix.com/news/2022/05/what-you-need-know-about-1099k-2022/
The 1099-G form is used by government agencies to report payments made to businesses or individuals to the Internal Revenue Service (IRS). This does not include wages. The most common use is to report unemployment compensation or tax refunds. Have You… Unemployment benefits during 2021 were still at a historical high, and your employee may fall victim to fraudulent unemployment claims. If an employee reaches out to your… https://customer.aatrix.com/news/2022/04/1099-g-how-help-if-employee-has-fallen-victim-fraudulent-unemployment-claim1/
Employers with 100 or more employees, federal contractors with 50 or more employees, and a limited number of additional employers detailed on the EEOC website are required to file an EEO-1. The 2021 EEO-1 Component 1 data collection is tentatively sche… The 2021 EEO-1 Component 1 data collection is tentatively scheduled to open on Tuesday, April 12, 2022. The tentative deadline to file the 2021 EEO-1 Component 1 Report… https://customer.aatrix.com/news/2022/04/what-you-need-know-about-filing-your-2021-eeo-1-component-1-data1/
As we work our way through the first quarterly filing period of 2022, most of us hope we don’t get a surprise from the Federal or State agencies we work with in the form of an official notice. If you do happen to get a notice from one of the many agen… As we work our way through the first quarterly filing period of 2022, most of us hope we don’t get a surprise from the Federal or State agencies we work with in the form of an… https://customer.aatrix.com/news/2022/04/aatrix-has-you-covered-what-do-if-you-receive-notice-federal-or-state-agency1/
The IRS updated the forms to reflect the expiration of COVID-19-related relief provisions at the end of 2021. Form 941 retains lines to claim tax credits for qualified leave wages paid in 2022 for leave taken in 2021. Similarly, some employers may be elig… Form 941, which has a revision date of March 2022, must be used only for the first quarter of 2022 as the other quarters are grayed out. The last time Form 941 was updated was… https://customer.aatrix.com/news/2022/03/changes-irs-form-941-first-quarter-2022/
While We Don’t Know All The Changes That We’ll See To Payroll in 2022 - Here Is What We Know So Far! Changes already released this year include: State Unemployment Wage Bases; Social Security Wage Base; Medicare Tax; Dependent Care Limits; Limits To Hea… State Unemployment Wage Bases State unemployment insurance taxes are based on a percentage of an employer's taxable wages. The Federal Unemployment Tax Act (FUTA) requires… https://customer.aatrix.com/news/2022/03/important-2022-state-and-fed-withholding-dependent-care-hsa-and-other-changes-2022/
Employers interested in offering wage payments in cryptocurrency should be aware of and comply with applicable withholding, wage and hour, and wage payment requirements at the Federal and State levels. Although employers can not currently pay employee’s b… Employers interested in offering wage payments in cryptocurrency should be aware of and comply with applicable withholding, wage and hour, and wage payment requirements at the… https://customer.aatrix.com/news/2022/03/what-you-need-know-about-paying-employees-using-cryptocurrency1/
With year-end filing wrapping up, many businesses will face corrections to W-2s, 1099s, and 1095s already filed. The Aatrix knowledgebase provides the opportunity to search our articles for some of the most common questions, answers, and troubleshooting m… With year-end filing wrapping up, many businesses will face corrections to W-2s, 1099s, and 1095s already filed. The Aatrix knowledgebase provides the opportunity to search… https://customer.aatrix.com/news/2022/03/how-access-corrections-w-210991095/
There are two deposit schedules (monthly or semiweekly) for determining when you deposit Social Security and Medicare taxes and withheld Federal income tax. These schedules tell you when a deposit is due after a tax liability arises (for example, when you… Notice 931 sets the deposit rules and schedule for Form 941 This information is also used for Forms: 943, 944, 945, and CT-1. Two Deposit Schedules There are two deposit… https://customer.aatrix.com/news/2021/12/2022-irs-form-941-deposit-rules-and-schedule/
Important News Regarding New Forms, New Legislation, And New Compliance Requirements - IRS Rules Lower W2 Electronic Filing Threshold - General Instructions for 2022 W-4 For Employees - Employee Retention Credit Ends Early - New Employee Withh… Topics Covered In This Article: IRS Rules Lower W2 Electronic Filing Threshold General Instructions for 2022 W-4 For Employees Employee Retention Credit Ends Early New… https://customer.aatrix.com/news/2021/12/5-things-you-need-know-about-forms-legislation-and-compliance-requirements/
Aatrix W-2/1099 Year-End eFile Deadlines Year-end is here and to guarantee timely filing and avoid fines and penalties associated with late filings, it is critical to know the deadline for each year-end report you are required to file. The following d… Aatrix W-2/1099 Year-End eFile Deadlines Year-end is here, and to guarantee timely filing and avoid fines and penalties associated with late filings, it is critical to know the… https://customer.aatrix.com/news/2021/12/2021-year-end-payroll-reporting-deadline-dates1/
Our Batch eFile option ($99.00/annually) is incredibly helpful if you are responsible for eFiling multiple Federal EINs and especially if those EINs contain small numbers of employees. Our Batch eFile option ($99.00/annually) is incredibly helpful if you are responsible for eFiling multiple Federal EINs and especially if those EINs contain small numbers of… https://customer.aatrix.com/news/2021/11/do-you-have-multiple-eins-batch-efiling-available-large-volume-ein-filers/
The labor shortage in the US continues to be a significant challenge for most businesses as we recover from the pandemic and settle into the new reality. The Chamber of Commerce recently released a report that stated that 90% of businesses say it's di… Does Your Payroll Need A Makeover? The labor shortage in the US continues to be a significant challenge for most businesses as we recover from the pandemic and settle into… https://customer.aatrix.com/news/2021/11/looking-recruiting-edge-maybe-your-payroll-needs-makeover/
Year-end is approaching at light speed and will be here before you know it. There are a few critical steps that need to be completed to make year-end payroll reporting go smoothly and accurately. Here is a quick checklist that can get you organized and e… Year-end is approaching at light speed and will be here before you know it. A few critical steps need to be completed to make year-end payroll reporting go smoothly and… https://customer.aatrix.com/news/2021/11/year-end-payroll-reporting-checklist2/
Whether you have been an Aatrix customer for years or just a few days, the Aatrix Welcome page has tons of great resources to help get the most out of your Aatrix eFile Account. Aatrix provides a series of instructional videos to help customers set up the… Whether you have been an Aatrix customer for years or just a few days, the Aatrix Welcome page has tons of great resources to help get the most out of your Aatrix eFile… https://customer.aatrix.com/news/2021/10/10-helpful-hints-you-can-find-welcomeaatrixcom/
The Internal Revenue Service has issued updated per diem rates that take effect Oct. 1, 2021, which taxpayers can use to substantiate the amount of expenses for lodging, meals, and incidental expenses when traveling away from home. This optional “high-low… The Internal Revenue Service has issued updated per diem rates that take effect Oct. 1, 2021, which taxpayers can use to substantiate the amount of expenses for lodging, meals,… https://customer.aatrix.com/news/2021/10/irs-issues-federal-high-low-diem-rates-effective-october-1/
The IRS proposed regulations amending the rules for filing electronically that reduces the threshold for filing W-2s. The Taxpayer First Act proposes wide-sweeping changes in an effort to modernize the IRS and improve the efficiency of the taxpayer experi… The IRS proposed regulations amending the rules for filing electronically that reduces the threshold for filing W-2s. The Taxpayer First Act proposes wide-sweeping changes in… https://customer.aatrix.com/news/2021/10/irs-rules-lower-w2-electronic-filing-threshold/
Using Aatrix eFile to make your EFTPS Payments has never been easier. Whether you've used Aatrix before, or you are just getting started, we provide you with step-by-step instructions on how to make any of your EFTPS payments using your Aatrix eFile Accou… If you have eFiled a Federal Tax Deposit Coupon through Aatrix in the past: Select the form "Federal Tax Deposit Coupon," EFTPS Form 8109. Use this to make 940, 941, 943,… https://customer.aatrix.com/news/2021/09/simple-steps-making-eftps-payments-using-aatrix2/
The Internal Revenue Service’s new feature allows any family to easily update their mailing address for their Child Tax Credit Payments. Any family can easily have their October check and all future checks sent to their new address by using the Child Ta… The Internal Revenue Service's new feature allows families to easily update their mailing address for their Child Tax Credit Payments. Any family can easily have their… https://customer.aatrix.com/news/2021/09/three-important-irs-and-ssa-notifications/
Employers could defer certain employees’ Social Security taxes from September 1, 2020, to December 31, 2020. This applied to employees paid less than $4,000 every two weeks, or an equivalent amount for other pay periods, with each pay period considered se… Employers could defer certain employees’ Social Security taxes from September 1, 2020, to December 31, 2020. This applied to employees paid less than $4,000 every two weeks, or… https://customer.aatrix.com/news/2021/09/clock-ticking-towards-deadline-withholding-deferred-social-security-taxes1/