April 2014 | Volume #105
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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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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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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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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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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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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