Many employers welcome a fresh-faced crop of interns each summer, and often, they’re unpaid interns. A recent court case illustrates why you and your Payroll team should be careful when dealing with interns this summer and beyond. What courts say…
Payroll
IRS needs to make some significant improvements if it wants to boost businesses’ rates of e-filing. That’s according to the latest annual report from the Electronic Tax Administration Advisory Committee (ETAAC). Each year, ETACC makes recommendations to the Service for…
It might not just be IRS that comes knocking if you slack off on your payroll tax withholding. A recent court case indicates the U.S. Equal Employment Opportunity Commission (EEOC) can also come after employers for failing to pay their…
It’s common for managers to give employees small gifts as incentives and rewards for a job well done – or as part of an employee appreciation or holiday celebration. But these gifts count as taxable fringe benefits in many cases.…
Your Payroll pros could be seeing some big legislative changes down the road to reduce the Social Security shortfall – especially since certain measures have significant bipartisan support. In fact, both Republicans and Democrats are mostly in favor of altering…
As the tax relief programs implemented by the American Rescue Plan Act continue to expire, it'll have an impact on your Form 941 reporting to IRS starting with the second quarter of 2022. IRS has released revised editions of: Form…
When you’re taking the time to implement a costly new software solution in Finance, you want to make sure you get it right the first time around. If you don’t, it can negatively affect your return on investment (ROI) by…
Recent settlements with companies like yours due to issues related to employee pay can remind your Payroll pros to continue to be cautious. Here are three recent fines from the Dept. of Labor (DOL) regarding specific situations that could trip…
Even the most careful employers can make payroll errors that could cost them big bucks, as outlined in a recent presentation at the 2022 American Payroll Association Congress. Between the Fair Labor Standards Act (FLSA) and state-specific wage and hour…
The highest inflation rate in over 40 years combined with a competitive job market may have your firm feeling pressure to increase wages for your employees. According to a U.S. Compensation Planning Survey from asset management firm Mercer, more than…
Fair scheduling laws are the latest trend employers need to be aware of to stay compliant and avoid big payouts and expensive legal battles. In response to unpredictable schedules for workers in a variety of industries, including food service, retail…
Give your Payroll team the heads up: There's a new spear phishing scam email making the rounds that's attempting to steal their account credentials by trying to convince them to access a fake version of IRS e-Services. When cybercrooks steal…
