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…
Payroll
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…
These are some tricky times when it comes to withholding, thanks to the new tables and new W-4. Which is likely why IRS issued new guidance on how your team should handle lock-in letters. The letters spell out the withholding arrangement that…
Make room, new overtime rules! The new regular rate of pay rules have arrived. The Department of Labor (DOL) just finalized an update to the regular rate of pay calculation. This is the first time in 50 years. Too bad…
Get ready to open your wallet wider! The Department of Labor (DOL) just released the final overtime rules. And they’re expected to push 1.2 million U.S. workers into time-and-a-half territory. The new standard salary level will be $35,568 a year,…
Any company can be vulnerable to pay errors, no matter how careful your payroll staffers are. And if those errors make an employee’s pay late, you can bet that won’t go over well. It’s happening. All too often. One in…
