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IRS Releases Statement on Withholding Under New Tax Law

New Tax Law - TBM Payroll

IRS Releases Statement on Withholding Under New Tax Law

To keep our clients informed of all things concerning their taxes and new tax laws, TBM Payroll found this article from HR 360.

Employers to Use 2017 Systems Pending New Guidance

The IRS is working to develop withholding guidance to implement the tax reform bill that was recently signed into law. According to a statement released by the agency, it expects to issue the new guidance in January, and employers and payroll service providers will be encouraged to implement the changes in February. In the meantime, these entities should continue to use the existing 2017 withholding tables and systems.

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