You may still be caught in the whirlwind of this holiday season, but it’s important to start looking ahead to next year’s holidays. Often holidays impact pay dates, tax deposits and other Payroll tasks. Dates to remember Be sure you make note of these IRS legal holidays (L) and Federal Reserve banking [...]
If you aren’t already using E-Verify, which gives you an electronic way to make sure folds really are allowed to work in the country, you might want to get familiar with it now. E-Verify may become mandatory for all employers within the next 12 months. That’s according to Worksite Compliance Services President David [...]
As organizations look to provide perks that will attract and retain key talent, many are coming to realize that offering pet-friendly benefits—whether that means take-your-dog-to-work days, pet insurance or animal-related volunteer excursions—can be an effective tool for improving recruitment, morale and even wellness. “Dogs have become a bigger part of everyone’s life, especially as [...]
Effective January 1, 2017, the minimum wage will be $11.00 The minimum wage law applies to all employees except those being rehabilitated or trained in charitable, educational, or religious institutions; members of religious orders; agricultural, floricultural and horticultural workers; those in professional service; and outside salespersons not reporting to or visiting their office daily. For [...]
Changes include earlier deadline for W-2, Copy A This year-end, you have more to do and less time to do it in. As you review this checklist of key Payroll deadlines, take note of which ones are new and which ones will hit you earlier than ever before: As of Dec. 1 2016, your company [...]
When the IRS releases Form 941 for 2017, you’ll notice a couple extra lines. That’s because the IRS is creating a new tax credit for 2017 – and the agency recently released a new draft of the form. The new credit is set to go on Line 11 as “Qualified small business payroll tax [...]
Employees who worked at multiple job sites should have been paid OT Hours would have added up to over 40 in a workweek For the purposes of calculating overtime, the Dept. of Labor doesn’t care where employees work – just who they’re working for. And that can lead to a lot of confusion for multisite [...]
The Department of Labor (DOL) released its final regulations making drastic changes to overtime exemptions under the Fair Labor Standards Act (FLSA). These changes will present considerable challenges to any employer that has employees they pay as Salary. Here are some key elements of the new regulation that you need to know now: 1. Salary [...]
Many taxpayers who made their next-day employment tax deposits on Tuesday, May 31, or semi-weekly employment tax deposits on Thursday, June 2, 2016, were incorrectly sent notices that their deposits were late. Due to a programming error, IRS systems did not recognize changes in deposit due dates created by the Memorial Day holiday observed on [...]
EMPLOYER'S PAYROLL SYSTEM MUST BE OVERHAULED, TOO The Dept. of Labor (DOL) usually settles violations by issuing fines and telling companies to fix problems. But occasionally it goes further. And instead of following up with the employer directly, it gets others to keep DOL officials in the loop. That recently happened with a Massachusetts-based construction [...]
