URGENT: As of June 21st the IRS has reopened their PTIN system. Tax Professionals are now able to apply for and renew their PTINs… free of charge.
“On June 1, 2017, the United States District Court for the District of Columbia upheld the Internal Revenue Service’s authority to require the use of a Preparer Tax Identification Number (PTIN), but enjoined the IRS from charging a user fee for the issuance and renewal of PTINs.
“Hispanics represent about 17 percent of the nation’s total population, making them the nation’s largest ethnic or racial minority. According to the Federal Deposit Insurance Corporation, Spanish-only speaking households are five times less likely to use a bank or credit union.”
Many employers and employees find using a payroll card to be intimidating. According to CreditCards.com, “it pays to know these five things about payroll cards” before utilizing one:
Direct deposit has officially taken over the payroll market! According to the NACHA, 75% of all employees utilize direct deposit, whether it is to a traditional bank account or a payroll card account.
New York Attorney General Shneiderman introduced the Payroll Card Act to state legislation in 2015 in response to the Attorney General Labor Bureau Report on payroll cards.