Supervisors and employees must follow your timekeeping policy as it’s written. Even if the timekeeping policy you have on paper is compliant with the law, if it's ignored, it can work against you. One employer learned that the hard way…
Payroll
Businesses impacted by the massive storms that hit Texas recently will receive some temporary disaster tax relief. IRS just announced that businesses will now have until June 15, 2021 to file returns and pay any taxes that were originally due…
Making payroll during the coronavirus pandemic has been challenging for many companies. And there’s good news: The IRS wants to reward your efforts by allowing you to take an employee retention credit on your taxes. The agency also just expanded…
Over the past few years, on-demand pay programs, which allow workers to access their wages at any time after they’ve been earned, have become more popular. Now, new guidance from the feds paves the way for employers to offer this…
Payroll may be a big expense at your company, but dealing with wage and hour violations is even more costly. Despite all the disruption related to COVID-19, the Dept. of Labor (DOL) has been aggressive with enforcement action in 2020.…
It’s important for your Payroll pros to treat exempt workers differently than hourly employees in most circumstances. But there are exceptions your people need to know about, especially if your company has some common policies in place for absences and…
Put EEO-1 reporting back on Payroll’s 2021 to-do list. Last year the reporting was postponed due to COVID-19. But now this regulatory requirement has returned. And the deadlines differ depending on your industry. Here's what you need to know to…
The Biden administration has just extended this student loan relief through at least Sept. 30, 2021. Make sure Payroll hasn’t been garnishing employee wages to repay federal student loans in the first month of the new year. There’s been another…
Good news: IRS has offered guidance on what employees can do regarding fringe benefits that weren’t used due to the coronavirus pandemic. In short, the world shut down last year. Office commutes ceased, business travel plans were canceled, and in-person…
A new final rule from the Department of Labor (DOL) makes it clear how employers should handle their workers’ tips. The rule, which amends the Fair Labor Standards Act, specifically makes two things clear: Employers aren’t allowed to keep these…
Employee training and continuing ed remain among the most-wanted benefits. But must you always treat that training as compensable time? That’s what one of your peers just tried to determine by asking the Department of Labor (DOL) for an opinion…
With the flurry of W-2 changes Payroll encountered in 2020, year-end could be tough-going. And the last thing any CFO wants is a costly compliance misstep. But there’s help. This checklist of 2020 W-2 changes will help your team ensure…
