Employer News | April 2014

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April 2014 | Volume #105

New Email Address for Employer Summary of Contributions Final Submittal Report

email

Does your agency use the option of emailing your Summary of Contributions Final Submittal Report to the Division? Please note that we have changed the email address. Please use the following address to submit your reports: doa.drb.employerpayroll@alaska.gov.

View FAQs to learn more about Employer eReporting.

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Tips for Employers Who Outsource Payroll Duties

Calculator

Many employers outsource their payroll and related tax duties to third-party payers such as payroll service providers and reporting agents. Reputable third-party payers can help employers streamline their business operations by collecting and depositing payroll taxes on the employer’s behalf and filing required payroll tax returns with state and federal authorities. Though most of these businesses provide very good service, there are, unfortunately, some who do not have their clients’ best interests at heart. However, employers who outsource this function, like employers who handle their own payroll duties, are still legally responsible for any and all payroll taxes due. Learn more about employers' legal responsibilities and how they can protect themselves from unscrupulous third-party payers. 

Source: IRS

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Save the Date: Employer Conference

Employer Conference

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Same Sex Couples: Guidance for Employers

Beach Chairs

The IRS has released Notice 2013-61, providing guidance to employers and employees for making claims for refunds or adjustments of overpayments of Federal Insurance Contributions Act (FICA) taxes and federal income tax withholding (employment taxes). This notice reflects the Supreme Court decision in United States v. Windsor, and the holdings of Revenue Ruling 2013-17, released in August. Learn more...

Source: IRS

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De Minimus Fringe Benefits

Snacks

A de minimis benefit is one which, considering its value and the frequency with which it is provided, is so small as to make accounting for it unreasonable or impractical. De minimis benefits are excluded under Internal Revenue Code section 132(a)(4) and include items which are not specifically excluded under other sections of the Code. Learn more about which items are considered de minimis benefits and see Publication 5137, Fringe Benefit Guide or Publication 535 for more information.

Source: IRS

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New Addition to Employer Payroll Section

Amanda Todeschi

The Employer Payroll Section of the Division of Retirement and Benefits is pleased to welcome a new team member to the Active Payroll Processing Unit. Amanda Todeschi has many years of experience within the Division and, as a Retirement and Benefits Technician II, is ready to work with you on your agency's active payroll. Please offer Amanda a warm welcome! 

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Guidance for Business Expenses

Publication 535

The IRS recently issued Publication 535, Business Expenses, which provides valuable information for tax filers that have business income as sole proprietors or as sub-contractors. The publication also contains useful hints for Tax Year 2013 and for Tax Year 2014, for which taxpayers are tracking expenses and making financial decisions, including the standard mileage rate for both years.

Source: IRS

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