Payroll

Paychex has compiled a list of what the payroll giant considers to be the top 10 regulatory issues that will have the biggest impact on businesses this year.

The U.S. Bureau of Labor Statistics reported Friday that total nonfarm employment increased by a robust 292,000 jobs in December, although there was a loss of 4,900 jobs in accounting and bookkeeping services.

Private sector employers added 257,000 jobs to their payrolls last month as the economy continued to strengthen across most sectors, according to payroll giant ADP.

Payroll giant Paychex reported a slight decline in small business employment growth in December.

Payroll giant Paychex Inc. announced that it grew its total revenue 7 percent in the second quarter of its fiscal 2016, to $722.4 million.

December 31 is the last day for small business owners to open and start funding a 401(k) plan, and there are many tax benefits in a 401(k) that accountants should discuss with their business clients before the year is over.

ADP is participating in an Internal Revenue Service pilot program to test verification codes on W-2 forms in an effort to reduce tax refund fraud.

Forty-eight percent of small and midsize businesses use one technology supplier for accepting payments, processing payroll, issuing invoices and doing their accounting, according to a new survey, while 34 percent use two or more suppliers for their financial technology.

The Internal Revenue Service has begun a new program, the Early Interaction Initiative, to more quickly identify employers who are falling behind on their payroll or employment taxes and help them get caught up on their payment and reporting responsibilities.

The U.S. Bureau of Labor Statistics reported that employers added a robust 211,000 jobs last month, beating analyst expectations and increasing the odds of the Federal Reserve raising interest rates.