The Department of Labor (DOL) has issued new guidance for employers on bonuses as they apply to the regular rate of pay. Of course just six months ago the feds issued new regular rate of pay rules for the first…
Payroll
Did your company pay employees emergency sick or medical leave wages under the Families First Coronavirus Response Act (FFCRA)? You have new guidance for reporting coronavirus leave on W-2s. IRS just issued Notice 2020-54 detailing how employers must report those…
There’s good news for those who missed out on a loan from the Paycheck Protection Program (PPP) the first time around: The program has been extended for eligible businesses, with key updates designed to fix some of the initial kinks…
The Department of Labor (DOL) has ramped up enforcement of various laws, such as the new Families First Coronavirus Response Act (FFCRA). New on the scene: coronarvirus act audits. Several employers have already been tripped up by FFCRA and what…
Your company's payroll process looks different this year thanks to the coronavirus, so naturally so does Payroll's key tax form: the 941. IRS has released a draft of the revised Form 941 because of new coronavirus-related employment tax credits and…
A new Department of Labor (DOL) final rule has eliminated some exceptions to the fluctuating workweek pay method. That gives your company some new flexibility and potentially some new savings. In the past, that overtime compensation option wasn’t available for…
Update 3: The feds recently announced they will delay collecting this job info until March 2021, due to the coronavirus. Note: This only impacts the 2019 EEO-1 reporting requirement, which includes employee demographics from any pay period from October through…
Even in a time of crisis, remind your payroll team that regulators will still check that you’re paying people correctly. That's what one Georgia company found out recently, to the tune of almost $185,000. MLU Services Inc. was doing work…
IRS and the Treasury Department have launched a payroll tax credit to put more money in your pocket as a reward for hanging on to your employees: the Employee Retention Credit. Specifically, you get 50% of up to $10,000 in…
The aftershocks from the new W-4 and updated withholding tables just keep on coming! IRS and the Treasury Department just released proposed regulations to reflect the changes to come out of the Tax Cuts and Jobs Act. And they should…
For the next two months your company doesn’t have to physically lay hands on employment authorization documents to accept them. That’s the word from the Department of Homeland Security in light of the COVID-19 epidemic. But you will have a…
UPDATE: The National Labor Relations Board has announced the final rule will take effect April 27. Good news for employers everywhere: You’re now less likely to end up on the hook for another business’ compliance missteps. The Department of Labor…
