Payroll Insights

Payroll Insights, a publication from KPMG LLP's Employment Tax practice, provides readers with current developments in the payroll and employment tax arena. It is published periodically throughout the year as developments warrant.

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Latest Edition

January 2012 - This issue includes articles on:  New York State Senate Bill Number S50002-2011; the Temporary Payroll Tax Cut Continuation Act of 2011; a KPMG survey on federal and state audit activity; and a chart with a state by state comparison of taxable wage bases for 2011 and 2012.

Previous Editions

December 2011 - This issue includes articles on:  The repeal of three percent withholding tax on government contractors and credits for returning veterans; IRS published updates to tax tables for 2012; IRS updated FAQs on voluntary classification settlement program; 2011 FUTA credit reductions; and a multistate roundup that includes a list of changes to state unemployment wage bases and updates in California and Illinois.

November 2011 - Special Edition - An update on Pennsylvania Act 32.

October 2011 - Articles include: IRS Notice 2011-72, which clarifies the taxability of employer-provided cell phones; the Memorandum of Understanding signed by the IRS and Department of Labor regarding sharing of information to address worker misclassification; FAQs on the IRS Voluntary Classification Settlement Program; South Carolina SUTA Refunds.

September 2011- Special Edition - IRS program allows voluntary reclassification of workers as employees for federal employment tax purposes; provides partial tax relief.

July 2011 - Articles include:  the Federal Unemployment Tax Act (FUTA), which expired June 30, 2011; issues around worker misclassification; and a multistate roundup covering California, North Dakota and South Carolina.

July 2011 - Special Edition - N.Y. Passes Marriage Equality Act

May 2011 - Articles include: Interim Guidance on Informational Reporting to Employees of the Cost of Their Group Health Insurance Coverage; IRS Issues Guidance Related to U.S. Employment Taxes on Wages and Salaries Paid for Work Performed on Outer Continental Shelf; President Obama Signs Bill Repealing Expanded Form 1099 Reporting Requirement; and a Multistate Roundup.

March 2011 - Articles include: FICA Taxes Related to Severance Payments Still Unsettled; Possible Waiver of Interest on FUTA Loans; and the Pennsylvania Local Earned Income Tax Update.

February 2011 - Articles include: Federal and State Differentials on Taxability of Certain Health Plan Dependent Benefits; Update on FICA Tax Refunds for Medical Residents; Illinois Increase in State Personal Income Tax Rate; Massachusetts Payroll Tax Increase in 2011; and the New York Wage Theft Prevention Act.