You and your Finance team may want to give your bonus and severance programs a second look. It’s important to make sure they’re aligned with federal standards, if possible. Otherwise, you may have to deal with tricky state wage laws…
Payroll
IRS Announcement 2021-7 allows for the reimbursement of masks and other types of personal protective equipment to protect against COVID-19. Employees can use any of the following for reimbursements: health flexible spending arrangements (health FSAs)Archer medical savings accounts (Archer MSAs)health…
If your Finance or Payroll folks make special arrangements with an employee to repay debts or overpayments, it’s critical to remind them to get the agreement in writing. This is the best way to protect your company in case any…
You may not think that a few small tasks can impact whether any of your employees are eligible for overtime pay. But be aware: Just a handful of phone calls that employees make in a workweek might affect how the…
The IRS wants to make sure employers accurately repay any Social Security tax they may have deferred as part of COVID-19 relief during 2020. In its most recent Payroll Industry Call, the agency discussed its efforts to resolve persistent issues…
While the $1,400 direct payments got most of the buzz, the American Rescue Plan Act of 2021 (ARPA) contains many provisions that impact employers. Check out five of them in the new law that will most impact you and your…
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…
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…
