Paying overtime can be costly -- and depending on your timekeeping policies, it can be an expense that catches you off guard. A February 2022 court case provides an example. The issue in the case was whether supervisors at one…
Payroll
IRS’ backlog of paper returns to be processed has increased since the COVID-19 pandemic began. Meanwhile, taxpayers have continued to receive automated notices, sometimes for unclear reasons. Now, IRS says it has temporarily stopped issuing some notices. For example, the…
Here we go again! IRS has set the wheels in motion for revisions of Form 941 and its instructions – plus, the Schedule B instructions. Make sure Payroll has the updated info for filing employment tax returns for the first…
Technological setbacks can try anyone’s patience – whether it’s waiting for computers to boot up, software programs to load or upgrades to finish. Recently, questions about whether nonexempt employees must be paid for this type of waiting time have reached…
The cost of everything seems to be going up – and that includes penalties for violations of the Fair Labor Standards Act (FLSA). The Dept. of Labor (DOL) announced its latest penalty amounts in the Federal Register on Jan. 14,…
When the Dept. of Labor (DOL) announced plans to update the salary level requirements for who’s exempt from overtime, that caused concern for some businesses. In fact, 110 associations and other groups representing employers sent the DOL a letter. They…
By February 15 each year, any employees who’ve written “exempt” on their Form W-4 for the prior year need to give your Payroll team an updated form. But if IRS doesn’t agree with certain employees that they’re exempt from withholding,…
If you and your team have noticed issues with your correspondence with the Service lately, you aren’t alone. It’s been tricky to get in touch with IRS this past year, and some changes may be in the works to ease…
After your team wraps up its current year-end responsibilities, make sure EEO-1 reporting gets placed near the top of its to-do list. Reason: The EEOC has announced the 2021 EEO-1 Component 1 report will be due May 17, 2022 --…
Several natural disasters have translated into federal disaster tax relief for employers in seven states. IRS has pushed back both filing and payment deadlines. First, for businesses hit hard by Hurricane Ida last summer, the Taxman recently handed out an…
With such a steady stream of IRS changes in TY 2021, it’d be easy for your Payroll team to miss something, under deadline pressure for distributing and filing Forms W-2. So, here’s a checklist you can pass along to help…
IRS has released Publication 1494 for 2022. You may need the tables contained in the publication if IRS informs you of a levy on an employee’s wages. More specifically, the tables in Publication 1494 tell you how much of an…
