Senate Bill 6492 was fast tracked through the legislative process and it was signed into law earlier this month. The measure, which passed the state House on a 52-45 vote on February 6, addresses problems created by a bill from the 2019 legislative session.
The bill from last year established an entitlement for workforce education through a new B&O tax surcharge on businesses providing certain services. The tax collections go to the Workforce Education Investment Account. U
The Internal Revenue Service (IRS) has released IRS Notice 1036, Early Release Copies of the 2018 Percentage Method Tables for Income Tax Withholding. Reflecting changes made by the Tax Cuts and Jobs Act, the notice updates the income tax withholding tables for 2018. Employers should begin using the 2018 withholding tables as soon as possible, but not later than February 15, 2018. The new withholding tables are designed to work with the Forms W-4 that workers have already fil