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Im Steven Ralph ledger Gers we provide outsourced accounting services for other businesses allowing them to focus on what they do best and build with better numbers in this video Im gonna explain the new 2020 w-4 form with an emphasis on what employers need to do what were gonna cover is why is there a new w-4 form go through the different sections of the form answer some key questions and talk about next steps for anyone running a business so why the new form well the IRS stated the new design reduces the forms complexity and increases the transparency and accuracy of the withholding system okay well the realities they are there was the 2017 tax cuts and Jobs Act that changed everything about the tax code and so this form is a refresh of how that will affect people and should have more accurate withholdings accordingly the other thing that youll notice about this form is a increased focused on multiple jobs when youre a w-2 an employee this can come when people have you know mul
