Uncategorized

Company required employees to volunteer, owes $59K in back wages

Company required employees to volunteer, owes $59K in back wages Why charitable work turned into compensable time Some companies may encourage workers to volunteer their time to charitable causes. But when volunteering becomes mandatory, it can cause issues if workers aren’t paid. One employer wasn’t compliant with the law’s guidelines on volunteering, and it paid [...]

June 13th, 2019|Uncategorized|

IRS: Latest info on when free meals provided to employees are taxable

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 [...]

May 23rd, 2019|Uncategorized|

New DOL guidelines for regular rate:

New DOL guidelines for regular rate: What Payroll must know Update to procedures for what to exclude Right on the heels of the new overtime threshold comes news that the Dept. of Labor (DOL) is updating the regs in the Fair Labor Standards Act that control the regular rage of pay --- for the first [...]

May 23rd, 2019|Uncategorized|

IRS: Latest info on when free meals provided to employees are taxable

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 [...]

April 26th, 2019|Uncategorized|

1 mistake when calculating workers’ OT meant employer owed $1.7M

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 [...]

April 24th, 2019|Uncategorized|

Electronic child support payments: Rules for states that require them

Electronic child support payments: Rules for states that require them Keys for compliance with withholding orders More and more states are requiring employers to electronically send child support payments. Right now, according to the Office of Child Support Enforcement 16 states have this rule in place. Requirements to meet: Here’s a rundown of which type [...]

March 21st, 2019|Uncategorized|

Profit-sharing plans:

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 [...]

February 7th, 2019|Uncategorized|

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

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 [...]

January 24th, 2019|Uncategorized|

Electronic pay stubs

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 [...]

January 24th, 2019|Uncategorized|

FSA contribution limits just released:

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 [...]

December 20th, 2018|Uncategorized|