Payroll Tax and

Compliance Resources

Find all the tax and compliance resources you need to stay up to date on current and evolving legislation that affects your business on a state or federal level.

U.S. Payroll Tax Facts & Frequently Asked Questions

Find answers to your federal and state payroll tax questions, details on filing statuses, W4s, minimum wage, mileage allowances, HSAs, and more.

Federal and State Minimum Wage Rates

Everything you need to know about minimum wage in the U.S., including federal and state rates, tipped minimum wages and credits, and recent increases.

2024 Payroll Guide & Key Dates

Take a deep dive into payroll tax basics. Explore the different types of taxes, what they're used for, percentages paid by employers, and key due dates.

Paylocity's HR & Payroll Glossary

Tax and compliance acronyms got you mixed up? Confused by HR jargon like Career Path Ratio or Wage Base Limit? Grab our glossary and become a terminology titan in no time. 

Empower Employees During Tax Season

Save Time with Self-Service

Record a simple how-to video with instructions to help your employees find their W-2s and other tax forms themselves.

Bank Saves by Investing in Paperless Solutions

See how one small town bank transformed their employee experience by going paperless and simplified their tax season.

Stay Compliant with Paylocity’s All-In-One Solution

Payroll

Streamline how you run payroll with an automated solution that keeps you compliant, accurate, and gives you time back in your day.

Compliance

Get quick access to work authorizations, new legislation, interactive compliance courses, and more with an intuitive dashboard.

Tax Services

Trust your tax filings will be done correctly and on time, lessening your burden of liability and risk of errors or fines.

Take the Complex out of Compliance

Navigating HR compliance can feel like sailing through turbulent waters without a compass. Download our toolkit to stay on track and keep your organization covered.

Payroll Tax FAQs

The IRS Form 1099-NEC replaces the Box 7 from the IRS Form 1099-MISC for reporting nonemployee compensation amounts. Legislation in 2015 caused the deadline for Box 7 information to change from March 31 to January 31, but the due date for the other boxes on the 1099-MISC forms remained March 31. In essence, this change created two separate deadlines for the same form. The 1099-MISC will then be used for all other types of miscellaneous compensation. Here is a sample informational version of IRS Form 1099-NEC for reference.

If you’re a Paylocity client, visit the “IRS Form 1099-NEC” PEAK article for more information.

The IRS Form 1099-MISC Miscellaneous Income, also known as IRS Form 1099-M, is the statement given to each independent contractor who got paid at least $600.00 in fees, commissions, or any other form of compensation for services rendered when there is no employer-employee relationship. There are no income taxes withheld on payments made. IRS Form 1099-MISC is the standard statement delivered to contractors. The IRS Form 1099-NEC replaces the Box 7 wages for reporting nonemployee compensation. Here is a sample informational version of IRS Form 1099-MISC for reference.

If you’re a Paylocity client, visit the “IRS Form 1099-MISC” PEAK article for more information.

The IRS Form 1099-R, Distributions from Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc., gets issued at the end of the year for disbursements from pension plans, certain retirement plans, and other specific sources that may have utilized payments or deductions over time. Here is a sample informational version of IRS Form 1099-R for reference.

If you’re a Paylocity client, visit the “IRS Form 1099-R” PEAK article for more information.

The IRS Form 1095-C reports the offering of Medical Benefit Coverage for Full Time Equivalent (FTE) employees for Applicable Large Employers (ALE). As a part of the Patient Protection and Affordable Care Act (PPACA), the forms provided outline which months in a year applicable employees received an offer of healthcare coverage.

The IRS Form 1094-C is often referred to as a transmittal form. It is a summary of information from the individual IRS Forms 1095-C (much like the W-3 is a transmittal of all employers' Form W-2s).  It also provides specific details, such as the number of full-time and total employees per month and whether employers are eligible for other relief criteria.

For information about completing Forms 1094-C and 1095-C, see the IRS's Instructions for Forms 1094-C and 1095-C.

Ready to Request a Demo?

* Required Fields

Your email and phone number
Your name
Your Company
Your company info and job title
Email consent and disclaimer information
Email Opt In

By submitting this form, you agree to the processing of your personal information as described in our Privacy Policy.

Hidden Fields