Check your records: The IRS recently updated several key pubs and forms related to federal tax levies. You’ll want to double-check that you have the most up-to-date info when calculating how much of an employee’s pay is exempt from levy. New instructions Because the Tax Cuts and Jobs Act eliminated the personal [...]
Eleven Attorneys General address their concerns The Dept. of Labor (DOL) just announced the launch of its PAID (Payroll Audit Independent Determination) program, which was designed to give companies a reprieve from fines and other penalties when they self-report wage issues. Although the PAID program’s in its infancy, it’s already facing some significant [...]
The Massachusetts Equal Pay Act (MEPA), passed in 1945, was the first state law of its kind. But it hasn’t provided enough detail to be useful to employees or stiff enough penalties to be compelling for employers. The amendments to MEPA, which take effect July 1, 2018, make the law significantly more relevant. Equal Pay [...]
Details about how companies leave programs can qualify The IRS has just released more details about the new paid family and medical leave business credit. An FAQ from the agency clarifies some of the key requirements companies must meet to collect the credit. Here are the highlights. Wages and more To claim [...]
Company owes worker at least 30K in wages and damages Just because you don’t always have to pay employees when they’re on leave under the Family and Medical Leave Act (FMLA), that doesn’t mean you shouldn’t be on the lookout for any pay-related issues. If it even looks like FMLA leave was a [...]
Self-audit initiative would limit liability if violations found Sometimes, self-audits of a company’s payroll process may uncover surprising issues with paying workers correctly. The Dept. of Labor (DOL) is throwing a lifeline to employers who discover wage problems with its newest initiative, the Payroll Audit Independent Determination (PAID) program. Specific requirements [...]
We’d had our old time clocks for as long as anyone could remember, and they’d become outdated. They couldn’t store any data, and power outages resulted in us losing hourly punches. Not only that, but when an employee wanted to request time off, that person had to fill out a sheet and wait [...]
Interpretation of FLSA in employers’ favor It’ll now be a little easier to figure out whether certain employees are exempt from OT, thanks to a recent Supreme Court decision that changes the way companies can interpret the Fair Labor Standards Act (FSLA). More good news: the decision will likely give employers better footing [...]
Several new updates are coming to E-Verify to make it easier to use for Payroll pros. For starters, U.S. Citizenship and Immigration Services (USCIS) just launched everify.gov, a brand-new website where companies can sign up for E-Verify or access existing accounts. Additional changes Future updates will streamline the case creation process in [...]
GAO makes recommendations to IRS for Rooting out issues The IRS has been emphasizing the importance of preventing identity theft and fraud for quite some time now, particularly when it comes to Form W-2. As a way to prevent fraud, the IRS has made it a priority to verify the info reported on [...]
