Time to update your payroll systems: SSA has just released the taxable wage base for 2018. After one of the biggest increases in history in 2017, next year’s limit will only increase moderately by comparison, from $127,200 to $128,700. The tax rate for wages will remain the same: 6.2 for both employees and [...]
Workforce snapshot now in fourth quarter Sure, you don’t have to start working on the EEO-1 Report right now – because the deadline has been bumped back – but that, and other recent changes to the report, aren’t necessarily good news. Typically, the EEO-1 is due by September 30 each year. So you [...]
Lack of Clarity Led Company into expensive legal waters Even when you’re trying to be generous to employees, it still pays to double-check all of your pay policies say exactly what you want them to. This is especially true when it comes to paid leave policies and their interplay with the Family and [...]
Several clauses designed to protect consumers More updates are coming to the Consumer Financial Protection Bureau’s (CFPB) prepaid rule that’ll govern the use of payroll cards. The rule creates provisions to protect employees in case pay chards are lost or stolen. It also puts procedures in place to correct and guarantees free access [...]
Regulatory action allows for truncated SSNs A significant change is coming to W-2s that’ll impact how you prepare forms for employees. The IRS just issued a proposed rule that allows for the use of truncated Social Security Numbers (SSN) on employees’ copies of Forms W-2s. Currently, you can use truncated taxpayer identification [...]
