Don't forget about your fringe benefits at year-end. For example, the value of group-term life insurance provided by an employer or purchased through an employer in excess of $50,000 is included in an employee’s income for all federal taxes. Please refer to the IRS Publication 15-B for taxable rates...
Read MoreThe value of an employee’s personal use of a company vehicle must be included in the employee’s income for Social Security, Medicare and income taxes. There are several valuation methods you can use to determine the value of the personal use. These include a general valuation method and three optional special...
Read MoreBy Natalie B. Hoffmann, CPA.CITP HKP President
As a human capital management (HCM) firm, HKP can take a lot off your plate for managing your workforce. From payroll management to human resource compliance/strategy to lucrative employment tax credits, HKP offers a complete payroll and HCM solution to clear your plate of these critical tasks.
Our complete menu of HCM solutions includes:
Through our full plate of payroll and human capital solutions, HKP offers a full-service, comprehensive workforce platform teamed with world-class customer service.
HCM Solutions for Small Companies (1 – 49)
HCM Solutions for Large Companies (50 – 1000+)
Keeping small and large companies in mind, we provide services and solutions that fit your business’s needs to maximize your investment.
The IRS has released the second draft of the 2019 Form W-4 (Employee Withholding Allowance Certificate). The form is almost completely unchanged from 2018 form. Once the final copy is released, employers should begin using the
Read MoreIn a September 2018 release, the IRS confirmed that changes to the Form W-4 in light of the Tax Cuts and Jobs Act (TCJA) would be delayed until 2020 following significant pressure from employers needing more
Read MoreOn Sept. 24, 2018, the IRS provided guidance on a tax credit that was enacted by the 2017 Tax Cuts and Jobs Act (TCJA). The new business credit is for eligible employers who provide paid family
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