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  • Tax Reform

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

| 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.
| Article
The IRS has issued proposed regulations on the new tax deduction for certain qualified business profits on entities other than C-corporations. The change was contained in the federal tax overhaul passed late last year.
| Article
Idaho, Oklahoma, Georgia, and Maryland have passed new tax measures in response to the recent federal tax laws. Highlights of these changes and links to state tax forms can be found 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.