Some employers will owe more FUTA tax than expected when it's time to send Form 940 to IRS and make tax deposits for the fourth quarter of 2022. As always at year-end, it'll be important to know the states where…
Payroll
Make sure Payroll knows the latest on what to look for when examining new employees’ documents for Form I-9 purposes. Recently, USCIS extended the validity of Permanent Resident Cards employees may present for I-9 purposes. As of Sept. 26, 2022,…
When your peers were asked in August what they were planning to do with their 2023 annual salary increase budgets, not many said they were planning to freeze salaries. Salary increase budgets are likely to be larger than this year's…
Good news to pass on to your Payroll team: The vast majority of employees are confident with the accuracy of their paychecks and receive them as scheduled each pay period. That’s according to the latest “Getting Paid in America” survey…
The Dept. of Labor (DOL) is still thinking about updating FLSA overtime rules affecting executive, administrative and professional employees. Based on the Biden administration’s regulatory agenda released on June 21, 2022, several reports indicate the DOL’s Wage and Hour Division…
Think about what life would be like if you and your employees didn't get paid correctly and on time each payday. National Payroll Week 2022 is Sept. 5-9, and it's the ideal time to show appreciation for the people that…
Good news for employers that may be considering permanent telework options for employees: The Dept. of Homeland Security (DHS) is thinking of implementing additional guidelines that would allow for remote document inspection for Form I-9 purposes. In a new proposed…
If there are issues with a company's policies for payroll recordkeeping and overtime pay, Dept. of Labor (DOL) Wage and Hour Division investigators could come calling. Several employers across the country learned this the hard way – and they were…
Fall is an important season for unclaimed property reporting. And it’s something Finance needs to start thinking about as summer ends. Many states have unclaimed property reporting deadlines in October and November each year. And compliance is crucial, since issues…
Tax withholding can get tricky for your Payroll pros, between federal and state obligations. And in addition to tax withholding on regular employee wages, there are entirely separate guidelines for supplemental wages. This can get particularly complicated if you have…
Earned wage access, also known as on-demand pay, has been a hot topic in the Payroll space recently. While it may not be on your radar right now, many employers are using it as a key retention tool – and…
The types of compensation that need to be included in employees' regular rates of pay for overtime purposes can trip up Payroll pros and potentially draw scrutiny from the Department of Labor's (DOL) Wage and Hour Division. A DOL investigation…
