Payroll April 8, 2025
Easter Spending Expected to Reach $23 Million
According to the survey, the most popular Easter purchasing categories include candy (92%), food (89%), gifts (65%), decorations (51%) and clothing (49%).
Payroll April 8, 2025
What to Do With Your 401(k) Amid Market Turmoil (Hint: Don’t Panic)
Financial experts join President Trump in advising people to hold the line amid market fluctuations.
Payroll April 8, 2025
5 Big Mistakes to Avoid During a Market Sell-Off
When stocks plunge, it can be difficult to keep an even keel. But sell-offs are not the time to start jumping in and out of stocks, or worse yet, panic and sell everything.
IRS April 4, 2025
IRS Job Cuts Hit Civil Rights Office
The IRS began implementing a reduction in force Friday that will result in staffing cuts across multiple offices and job categories, with the agency's Office of Civil Rights and Compliance getting the brunt of it.
Payroll April 4, 2025
4 Steps to Take Toward Financial Spring Cleaning
Spring is the perfect time to open some windows, plant some flowers, and freshen up the money goals you set at the start of the year. Here are four things to focus on.
IRS April 3, 2025
Fired IRS Probationary Employees Set to Return to Work April 14
Those who were casualties of the Trump administration's federal cost-cutting purge in February but later reinstated and put on paid leave last month after two court rulings have been told to come back to their jobs on April 14.
Payroll April 3, 2025
Continuing Jobless Claims in the U.S. Rise to Highest Level Since November 2021
Continuing claims, a proxy for the number of people receiving unemployment benefits, increased to 1.9 million in the week ended March 22, slightly higher than economists expected.
Payroll April 1, 2025
3 Ways to Know if Your 401(k) is Too Aggressive
Aggressive 401(k) portfolios have a high exposure to stocks and stock funds, making them more volatile over the short term.
Taxes March 31, 2025
Trump Orders Treasury and IRS to Eliminate Paper Checks
President Donald Trump signed an executive order last week that authorizes the federal government to begin phasing out the use of paper checks and switch exclusively to electronic payments this fall, with some limited exceptions.
Payroll March 31, 2025
Taxpayer Absorbs Full Tax Weight on Hardship Distribution
If a taxpayer is in dire need, the taxpayer may choose to take a “hardship distribution” from a qualified retirement plan. However, as shown in a new case, Campana, TC Memo 2025-23, 3/19/25, this doesn’t absolve any tax liability.
Payroll March 31, 2025
Patriot Payroll Ranks First for Payroll Tax Filing
U.S. News & World Report compared price, tax filing support, integrations and automations, and more to determine which popular payroll software options made the 2025 Best Payroll Software list.
Payroll March 31, 2025
Why Trusting Social Media for Financial Advice is a Terrible Idea
While social media may be a popular way to access low-cost financial advice, it’s a horrible resource for a number of reasons—here’s why.