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.…
Payroll
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…
Even as many offices across the country reopen, hybrid work has become the norm. There are more remote workers than ever before. Many employees are spending all or part of their workweek telecommuting. And it’s critical for Payroll to keep…
Give Payroll the heads up: There's a chance the unemployment tax rate could change. Here's why. States that had outstanding federal unemployment trust fund account loan balances as of Jan. 1, 2021, and Jan. 1, 2022, are at risk of…
An ongoing battle for your peers continues to be setting salary budgets and whether the cost of living or cost of labor should be considered in their compensation philosophy and strategy. When COVID lockdowns made remote work mandatory, firms –…
