Payroll Blog

13 02, 2019

Finished your W-2s? Be on the lookout for these issues later

February 13th, 2019|W-2s|

Finished your W-2s? Be on the lookout for these issues later SSA scrutiny leading to corrected forms in 2019 Now that the ink’s almost dried on Forms W-2, it’s time for Payroll pros to get ready for any issues that could arise at the last minute and in the coming months. Here’s what you should [...]

13 02, 2019

New Massachusetts OT Pay rules

February 13th, 2019|Fair Labor Standards Act (FLSA), Overtime|

It’s 1.5 times regular pay now, but countdown will soon begin In Massachusetts, retail employers are saying a slow goodbye to overtime pay for Sunday and holiday work. Here’s what you need to know, with the following changes occurring on January 1: 2019 – 1.4 times regular pay 2020 – 1.3 times regular pay 2021 [...]

7 02, 2019

Profit-sharing plans:

February 7th, 2019|Uncategorized|

Profit-sharing plans: Company owes back wages for ignoring the rules Keys to Making sure programs hold up to federal scrutiny Profit-sharing plans are an excellent way to keep employees invested in a company’s success. But compliance issues can be costly for employers. One Indiana lawn care company learned this firsthand. Precision Cut Lawn Service gave [...]

24 01, 2019

Is it taxable? Guidelines for treating certain awards and gifts as income

January 24th, 2019|Uncategorized|

Is it taxable? Guidelines for treating certain awards and gifts as income Rewarding employees for length of service, holidays The year’s winding down, which means you’ll be working on W-2s soon. So now’s the time to make sure employees’ taxable income is correct. It’s especially important for you to keep track of any length-of-service awards [...]

24 01, 2019

Electronic pay stubs

January 24th, 2019|Uncategorized|

Deb Moss, HR manager, for The Echo Group Inc., Council Bluffs IA writes of a better way to send paystub to employees. Although most of our employee were getting paid with direct deposit, we were still sending them paper paystubs through the mail. Employees wouldn’t always get their paystubs in a timely manner, or if [...]

20 12, 2018

More employees underwithheld for 2018, says IRS:

December 20th, 2018|W-2s, W-4s|

More employees underwithheld for 2018, says IRS: How Payroll can help Over one-fifth of workers may now owe taxes to IRS Underwithholding taxes from employees’ pay is a significant problem, and it’ll likely get worse going forward. According to a report from the U.S. Government Accountability Office (GAO), the percentage of Americans who aren’t withholding [...]

20 12, 2018

FSA contribution limits just released:

December 20th, 2018|Uncategorized|

The IRS announced the new contribution limit for health flexible spending arrangements (FSAs) later than usual this year, which life a little harder for employers.For 2019, the FSA voluntary contribution limit is $2,700, a $50 increase from last year.Best 2 optionsThe limit was released after many companies already closed their open enrollment periods for next [...]

13 12, 2018

IRS releases 2019 contribution limits: What’s vital for Payroll

December 13th, 2018|2019 tax changes|

IRS releases 2019 contribution limits: What’s vital for Payroll Latest figures for 401(k)s and other retirement plans The IRS has officially released the 2019 cost-of-living adjustments to the dollar limits for contributions to qualified retirement plans. Here’s the info you’ll need to know when making deductions from employees’ pay to fund these plans as of [...]

5 12, 2018

SSA releases new taxable wage base for 2019

December 5th, 2018|Uncategorized|

Get ready: The SSA just announced the taxable wage base for 2019. Maximum taxable earning will rise to $132,900 – a $4,500 increase from the 2018 wage base of $128,400. The tax rate will remain at the amount set by law: 5.2% for both employers and employees.   Numbers to know   Given the current [...]

28 11, 2018

Profit-sharing plans: Company owes back wages for ignoring the rules

November 28th, 2018|Uncategorized|

    Keys to Making sure programs hold up to federal scrutiny   Profit-sharing plans are an excellent way to keep employees invested in a company’s success. But compliance issues can be costly for employers.   One Indiana lawn care company learned this firsthand. Precision Cut Lawn Service gave employees flat salaries with no overtime [...]