Employers: Are you ready for payroll and related changes in 2020?
There are numerous payroll changes for 2020, mostly on the Federal level. You can toss out the old Form W-4- there’s a new one. 2020 is a leap year, which may throw off payroll calendars. Finally, there are a few interesting state laws taking effect in the upcoming year. While the new Hawaii laws are not directly tied to payroll, they may have an impact on personnel. Federal Changes FICA Taxes Social Security tax For 2020, employers and employees must each pay Social Security tax at 6.2%, up to [...]