IRS: Latest info on when free meals provided to employees are taxable New Memo answers common questions about on-site food The IRS just released some helpful guidance on a confusing scenario: whether to count free meals given to employees as taxable income. According to a new Technical Advice Memorandum (TAM), meals provided by employers are [...]
1 mistake when calculating workers’ OT meant employer owed $1.7M Company didn’t include piecework in calculation Even companies that try to do everything right can make big, expensive errors when calculating workers’ regular rate of pay. After a Dept. Of Labor (DOL) investigation, a North Dakota company serving the oil and gas industry must pay [...]
DOL releases new overtime threshold: Key info for payroll Ready to jump from $23,660 to 35,305 per year? Finally! After several delays, the Dept. of Labor (DOL) has announced a proposed OT threshold. In a new Notice of Proposed Rulemaking, the DOL set an updated standard salary level to determine who must be paid overtime. [...]
