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Coronavirus Help Center - May 22: The latest government update loan forgiveness is here.

Tax Reform and Your Employees: It May be Time for a Paycheck Checkup


Many changes to the tax code have been enacted this year, and will continue to have an impact to businesses and their staff in 2019 and beyond. For instance, if your employees want to check their withholding before year-end, consider sharing the IRS withholding calculator and information around revising W-4s with them. We know that you are not your employees' tax advisor, but providing these resources can help them determine whether to make any adjustments before 2018 comes to a close.

Read on as we break down the latest details and business impact of the tax reform law.

Tax Reform Resources

A woman fills out a Form W-4 before starting employment.
| Article
The 2020 Form W-4 has undergone significant changes to more closely align the withholding to the changes in the tax law. Here is a step-by-step process detailing how to fill out the new form properly.
Filling out a W-4 requires following new instructions.
| Article
As the IRS has recently released a new W-4, now is a great time to refresh your knowledge about what this form is used for and how tax reform has impacted it.
| Article
Various changes made by Congress and the IRS may affect the employment taxes you pay and withholding requirements you must observe. Here's a quick breakdown of what you need to know when it comes to payroll taxes in 2019.
| Article
The midterm elections are fast approaching, and it's becoming clear that whoever takes control of Congress will have a significant impact on many companies. Gene Marks identifies five hot-button issues businesses are on the lookout for heading into and beyond Nov. 6.
| Article
Following feedback from the payroll and tax communities, the Treasury Department and IRS are postponing a release of substantial changes to the W-4, which were originally anticipated in 2019.
| Article
Last year's Tax Cuts and Jobs Act affects individuals in high-tax states who itemize deductions, limiting the SALT deduction. Get more details in this article.
This website contains articles posted for informational and educational value. Paychex is not responsible for information contained within any of these materials. Any opinions expressed within materials are not necessarily the opinion of, or supported by, Paychex. The information in these materials should not be considered legal or accounting advice, and it should not substitute for legal, accounting, and other professional advice where the facts and circumstances warrant.