The IRS has updated yet another form you encounter in Payroll, so it’s important to make sure you’re using the correct version. For 2159, Payroll Deduction Agreement, was revised in July 2018. Employer requirements As a reminder, the form is used when an employee attempts to make an arrangement with the [...]
ETAAC report discusses how payroll can fight fraud The IRS is still trying to protect taxpayers from identity theft – and soon, the agency may give Payroll a bigger role in fraud prevention. According to the latest annual report from the Electronic Tax Administration Advisory Committee (ETAAC), the agency should prioritize working more [...]
Different expectations for receiving paychecks Millennials (who were typically born between 1977 – 1995) and Gen Z (typically born after 1995) have different attitudes about common paycheck practices than older people. Digital payment provider Global Cash Card surveyed over 1,000 working Americans of all ages to find out their perceptions of several elements [...]
Keys to paying remote workers correctly for their shifts Telecommuting has been become an attractive perk for employees. According to a recent survey from Robert Half, 77% of workers said the ability to telecommute at least some of the time would increase their chances of taking a job offer. Nonexempt workers [...]
How much can workers contribute before it’s taxable? The IRS recently released additional guidance on limits for employers’ defined contribution plans in certain confusing situations. Here’s what Payroll needs to know. Short limitation years In most cases, the 2018 Sec 415 ( c) dollar limit for contributions to all of a [...]
Form designed for more accurate withholding The latest draft version of the new 2019 Form W-4 has many changes due to the Tax Cuts and Jobs Act. Although the final form isn’t ready just yet, it’s important to get a heads-up on what’s coming. Here’s a rundown of the updates so far. [...]
Companies often give workers items with their logos on them as gifts, never even considering whether they’re taxable income. In many cases they are, according to a presentation at the 2018 American Payroll Association (APA) Congress. Cost isn’t the issue While some say items like logo T-shirts fall under the IRS’ de [...]
Company owes $62k to workers required to drop of trucks Under the Fair Labor Standards Act (FSLA), all travel between job sites throughout the workday must be paid. This includes if employees are required to “check in” at their employer’s location after completing their work at the end of the day. Making mistakes [...]
FMLA may supersede rules on breaktimes What happens when an employee asks to take repeated, short breaks each workday for a health condition? Should you be making sure that person gets paid – or does the Family and Medical Leave Act (FMLA) supersede the rules on breaktimes? The Dept. of Labor (DOL) [...]
Employer falsified timecards, then disposed of them Investigators found glaring paycheck errors at a food-processing plant in Westbury, NY, the state attorney general announced. From 2013 to 2017, Diversified Processors Inc. and Processors Inc. mishandled minimum wage and overtime payments due to 10 plant workers. Now, the employer must pay $120,555 in [...]
