Connecting The Dots–W-4 for 2015 Released

2015 W-4

The IRS has released the W-4 for 2015.  You can find it here.

For Employee’s

Did you get a bigger tax return than you expected last year??  Did you owe more money than you expected??  If so, you should consider updating your W-4 with your employer.  If you would like to have less taxes taken out each pay period, therefore resulting in more take home pay, then increase the number of allowances you are taking.  If you would prefer more taxes taken out, resulting in more taxes taken out, therefore less take home pay, then reduce the number of allowances.  If you are not sure what you should do, then you should speak with your tax advisor/planner.  If you don’t have one, I would be happy to refer one to you.

For Employer’s

ConnectPay has a large collection of tax and other important forms for you.  You can find that collection here.

You are likely aware that you are required at a minimum to collect a W-4 (Employee’s Withholding Allowance Certificate) and I-9  (Employment Eligibility Verification) from each employee you hire and to maintain copies of each in a file for every employee.  These documents are very important and can be requested to be seen by the IRS or DOL if they ever visit you.

If you have any questions on payroll or payroll taxes, don’t hesitate to contact me.

Mitch Zucker
ConnectPay Payroll Services
2352 Main Street, Suite 303
Concord, Ma 01742
978-450-2900 voice
978-319-4104 fax
774-218-9486 mobile

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