New downloadable assistant helps small businesses withhold the right amount of income tax

[Elrod]

IR-2019-209, December 17, 2019

WASHINGTON — The Internal Revenue Service has launched a new online assistant designed to help employers, especially small businesses, easily determine the right amount of federal income tax to withhold from their workers' pay.

Known as the Income Tax Withholding Assistant for Employers, this new spreadsheet-based tool is designed to help employers easily transition to the redesigned withholding system (no longer based on withholding allowances), which goes into effect on Jan. 1. It does this by helping them easily implement new income-tax withholding requests from employees who fill out the completely redesigned 2020 Form W-4, Employee's Withholding Certificate.

IRS page... https://www.irs.gov/newsroom/new-downloadable-assistant-helps-small-businesses-withhold-the-right-amount-of-income-tax

[Abby Normal]

Easily?! Withholding is whatever QuickBooks says it is.