Outsourced accounting & bookkeeping means your job just got easier.
Outsourced accounting & bookkeeping means your job just got easier.
Let our professionals simplify and secure your financial health.
Learn more
Big-picture solutions personalized to your priorities.
Big-picture solutions personalized to your priorities.
Tell us what financial peace of mind looks like for you.
Pick your plan
News

Why Has My Paycheck Changed?

As soon as February, your employees may notice a change in their federal withholding amount and net pay. Many employees will begin to see increases in their net pay – due to changes to the withholding tables posted by the IRS this month. The IRS made changes to the withholding tables as a result of the Tax Reform legislation enacted last month.

The IRS has encouraged employers to use the new withholding tables as soon as possible but no later than February 15, 2018 at the latest.

What Do Employers Need To Do?

If you use a payroll service, the payroll service will update withholding schedules. If you process payroll in-house, your withholding tables need to be updated. Go to IRS.gov for updated information.

What Do Employees Need To Do?

The IRS does not have the 2018 W-4 available yet. If an employee would like to change their Federal withholdings, they can wait until the new form is released or they can complete a 2017 W-4 form.

By the end of February, the IRS plans to have a calculator available to employees. This will help people determine if they need to complete a new W-4 for withholding. The calculator will be available at IRS.gov.

More information is available in the Withholding Tables Frequently Asked Questions (https://www.irs.gov/newsroom/irs-withholding-tables-frequently-asked-questions).

 

 

Spend more time doing what you do best.

Do your finances take your focus off your real strengths? Are you spending too much time keeping the books—and not enough finding new business? Are you worried about accounting mistakes or a possible audit?

Foster Results provides outsourced bookkeeping and accounting services for small and medium-sized businesses and nonprofits worldwide. We create customized, strategic solutions for each individual client’s needs. In short, we’re the accounting team you wish had—but without the overhead.

Download Your Free Foster Results Accounting App Here: 

We really are creatures of habit
We really are creatures of habit

We really are creatures of habit. The color red, to most of us, signals our brains to be warned in some way or another. A red stop sign tells us to stop, take a look around and be cautious. Or when we’re at our breaking or boiling points, we describe ourselves as “seeing red.”

Read More |