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News and Events

Holiday Hours Candy Cane

 

We hope everyone is enjoying the holiday season so far and that you have the opportunity to take a moment to savor this special time of year.

Our offices will close at 1:00 pm on Friday, December 16 for our Holiday Luncheon. We will reopen with regular business hours on Monday, December 19.

Friday, December 16
Closing at 1:00 pm for Staff Luncheon

Friday, December 23
Closing at Noon for Christmas holiday

Monday, December 26
Closed for Christmas holiday

Friday, December 30
Closing at Noon for New Year's holiday

Monday, January 2
Closed for New Year's Holiday

Thank you for your business throughout 2016. We value our client relationships and appreciate the opportunity to serve you. We look forward to continuing our partnership in the coming year.

 

W2

The end of 2016 brings deadline changes for W2 and 1099-MISC forms and a new version of the I-9 form. Here are the details you will need to close out the year with peace of mind.

New Deadlines for W2 and 1099-MISC Forms

Beginning with tax year ending 12/31/16, Form W2s are due to the Social Security Administration by January 31, whether they are filed by paper or electronically. Forms 1099-MISC reporting non-employee compensation (box 7) are also due by January 31. Full information about these changes is available on the IRS website.

New Version of the I-9 Form

On November 14, 2016, U.S. Citizenship and Immigration Services issued a new version of the I-9 form. These changes were implemented to reduce errors and provide greater ease of use when completing the form using a computer. Employers should begin using this new form by January 22, 2017.

As always, we are here to help if you have any questions about these new updates or any other payroll concerns. Please don’t hesitate to contact us online or call 215-723-4881.

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It’s that time of year! The Generations of Indian Valley Annual Reindeer Run hits the streets of Souderton Saturday, December 3 at 8 am. We will be there outside our Souderton location with water for the runners, many of whom will once again be wearing their reindeer antlers and favorite ugly Christmas sweater. Our own Vicki Freed will be participating in the 1K Fun Walk portion of the event. The Reindeer Run benefits the programs of Generations of Indian Valley, including their Meals on Wheels service.

Breaking News Red

This day before Thanksgiving brings new developments regarding anticipated changes in payroll rules and regulations.

The Overtime Rule

We recently shared the news that new payroll regulations going into effect December 1, 2016, would raise the salary threshold for overtime pay. Yesterday, a federal judge in the U.S. District Court for the Eastern District of Texas halted this new overtime rule while proceedings continue in a lawsuit filed against it. Until a final decision is reached, employers may continue to follow the existing overtime rule. The Society for Human Resource Management has the complete report here.

Pennsylvania/New Jersey Payroll Tax Change Reversal

Governor Chris Christie has reversed his decision to end the reciprocal payroll tax agreement between New Jersey and Pennsylvania on December 31, 2016. The new arrangement would have made Pennsylvania residents working in New Jersey subject to New Jersey income tax and New Jersey residents working in Pennsylvania subject to the Pennsylvania income tax.

With this reversal, the 40-year-old reciprocal agreement, which allows commuters to pay income tax to the state where they live instead of the state where they work, will remain intact.

If you have any questions about these new developments or other payroll concerns, please contact us. We are here to be your guide.

 

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