Healthcare workers should have been paid overtime -- $147k owed Nurse practitioners weren’t independent contractors Is that worker an employee or an independent contractor? Getting the answer wrong can be costly. Case in point: The operator of two Mississippi urgent care clinics is on the hook for six figures because it wrongfully classified nurse practitioners [...]
IRS releases latest draft of Pub. 15-T: Details for Payroll on withholding New tables and instructions for calculating workers’ taxes The IRS’ second draft of Publication 15-T, Federal Income Tax Withholding Methods, gives you an inside look at what you’ll need to do to calculate employees’ tax withholding next year using each version of Form [...]
The scammers have a new tactic. People are now ignoring their phone calls, which is good. We've all been told that the IRS will only contact us by letter. So now they are sending out SCAM LETTERS! If you receive one of these BEWARE & TAKE IT TO YOUR LOCAL POLICE STATION!
2020 Form W-4: Latest changes from the IRS & how to prepare Details on handling multiple jobs and exemptions If you ask the IRS, the revamped 202 Form W-4 will make employees’ federal income tax withholding “more accurate.” But to employees, a better description of the new form might be “more confusing”. And who’s going [...]
Taxpayers should be on the lookout for new version of SSN scam Taxpayers should be on the lookout for new variations of tax-related scams. In the latest twist on a scam related to Social Security numbers, scammers claim to be able to suspend or cancel the victim’s SSN. It’s yet another attempt by con artists [...]
You are required to get each employee's name and Social Security Number (SSN) and to enter them on Form W-2. (This requirement also applies to resident and nonresident alien employees.) You should ask your employee to show you his or her social security card. The employee may show the card if it is available. You [...]
Employment law enforcement: How Payroll’s being impacted by changes Federal, State and Local Updates to Laws Affecting Companies If you’re concerned that the latest regs from the Dept. of Labor (DOL) will have a significant impact on your responsibilities and your company’s bottom line, you aren’t alone. Many Payroll pros are in the same boat, [...]
Who’s responsible for taxes in this tricky situation? The IRS just clarified who’s responsible for filing and issuing Forms W-2 when both an employer and an authorized agent pay workers during the same calendar year. Per a recent memo, the agency said both entities must file the forms for the portion of the year they [...]
Vague wage statements cost large employer big bucks: Lessons learned Critical info Walmart didn’t include on workers’ paystubs Employee wage statements should be as clear and informative as possible to prevent legal trouble, as shown by the outcome of a recent court case in California. In Magadia v Wal-Mart Associates Inc., a former employee sued [...]
New bill expands retirement option: Key takeaways There may be more employees eligible to participate in your 401(k) plan – and they may be able to contribute higher amounts – if a new bill becomes law. Under the Setting Every Community UP for Retirement Enhancement (SECURE) Act of 2019, employers would have more options when [...]
