Payroll

The Internal Revenue Service unveiled an enhanced Tax Withholding Estimator on its website Tuesday, designed to help workers fill out the new W-4 withholding form and hopefully avoid the problems seen last year when many taxpayers found themselves owing more taxes or receiving less of a tax refund than they expected.

Most small businesses do run their own payroll, but they also wish they didn’t have to.

The job numbers were boosted by employment in professional and business services.

The tight labor market prompted wage increases to accelerate at the end of the year.

A recent survey shows that small businesses are not just open to their accountants handling payroll for them, but 38 percent expect it.

Hourly earnings grew 3.11 percent among employees of small businesses in November, the highest level since at least 2011.

Private sector employment growth slowed down in November, according to payroll giant ADP.

The fading impact of last year’s tax cuts cooled the pace of job growth.

Hourly earnings grew this month, but job growth remained relatively flat.

Accountants can play a critical role in making the transition as smooth as possible — and minimize the auditing headaches that come with it.