Handling new hires, employees claiming ‘exempt’ With 2018 already underway, and last year’s Form W-4 still in use, Payroll pros need clear-cut answers from the IRS about how to handle new hires and employees who claim they’re exempt from withholding. So it’s a relief that the IRS has issued Notice 2018-14, [...]
Courts reject old six-part test in favor of different standard It just became a little easier to figure out how interns should be paid, thanks to several recent court decisions. After the latest case, Benjamin et al. v. B & H Education, the Dept. of Labor (DOL) revamped its test to determine whether [...]
The Tax Cuts and Jobs Act has changed many things for Payroll. But the IRS recently announced there’s at least one thing staying the same. That’s the Tax Year 2018 dollar contribution limits for employee retirement plans. Because the new legislation didn’t change any of the existing provisions that allow the Treasury Department [...]
Business will also pay 118K in wages, damages to 21 workers As long as employees’ pay and time records are complete and accurate, employers can pick and use their own timekeeping methods. But some employers are learning that if they fail to keep accurate records, the Dept. of Labor (DOL) may [...]
As if there weren’t already enough reasons to make sure workers are paid accurately, here’s another: Penalties are rising for violations of the Fair Labor Standards Act (FLSA) Repeated or willful violations of FLSA will now cost companies $1964, compared to $1,925 in 2017. Important details The new penalty amount applies [...]
If you’re not quite ready to distribute Form 1095-C to employees, you now have a bit more time, courtesy of the IRS. The agency’s just announced that it’s pushing back this year’s deadline for providing individuals with a copy of Form 1095-C. The new deadline is March 2, 2018. Easing burdens [...]
More year-end changes are coming your way: The IRS has released its standard mileage rates for 2018. After a couple years of decreases, standard business mileage rates are increasing this time around. Rundown of Changes For 2018, the standard mileage rate is 54.5 cents for each mile driven for business purposes – [...]
Is that really a federal agency contacting you? Watch out: Several scams are going around that target Payroll pros and the forms you use every day. And these scammers are more sophisticated than ever before, posing as federal officials and top execs in an attempt to steal confidential info. New I-9 scheme [...]
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 [...]
During a recent Payroll Industry Call, the IRS announced some of the benefits that’ll be excluded from employees’ taxable income in 2018. Here’s a heads-up on what you’ll need to know in Payroll next year. Transportation, FSAs & more Any company that gives workers qualified transportation fringe benefits, take note: Monthly limits [...]
