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Payroll Tax 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.

Federal Payroll Tax Facts & Frequently Asked Questions

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

Learn About Payroll Taxes

New Legislations Taking Effect in 2023

Dive into 2023 with this recap of new laws and requirements that will go into effect the first of the year. Check out these summaries on what to expect and how to prepare.

2023 Payroll Guide & Key Dates

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

2022 Year-End Resources for Payroll & HR

From readiness kits to checklists to communication templates to helpful webinars, we’ve got all the resources you need to end the year strong.

 Tax and Compliance Alerts

Never miss an important legislative update with real-time alerts that keep you aware of federal, state, and regional information.

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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.

Explore Self-Service

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.

 

Read Their Story

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

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

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

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

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.

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