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…
Payroll
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…
The bag checks many companies require to prevent costly losses may actually cost you more in payroll, as the time spent doing them is probably compensable. Nowadays, more courts are saying that that time spent on the bag checks employees…
Pass this info on to Payroll, STAT! IRS just finalized the new 2020 Form 1095-C. And it won't be the same old, same old. In fact, not only is the reporting different, but so are the deadlines. Most changes stem…
This year-end will be like no other for Payroll. Check out this update for Payroll year-end forms to keep your company in compliance. No matter what the form, there’s something new for 2020. So is Payroll ready for everything coming…
If employees take issue with their compensation, we have encouraging news. A new court ruling on bonuses shows the legal burden to prove any missteps may be on employees. That's the upshot of a recent federal appeals court ruling. This…
Year-end will look a bit different in Finance this year, thanks to the coronavirus pandemic. And that includes reporting FFCRA leave. The Families First Coronavirus Response Act (FFCRA) granted employees additional leave under a series of circumstances when COVID-19 took…
Mere days before the new payroll tax holiday was set to kick in, IRS finally weighed in. IRS Notice 2020-65 gives employers their marching orders … well, sort of. You’re responsible for collecting – and ultimately paying back – any…
Should an exempt employee jump in and tackle some non-exempt tasks during the coronavirus pandemic, don't worry: Your company won’t be on the hook for overtime. The Department of Labor (DOL) just clarified that in a recently updated Q&A. An…
