Advisory council has long list of payroll-focused suggestions Between state and federal regulations, you already have enough on your plate. But if you aren’t vigilant, you’re likely to miss a slew of new rules. That’s thanks to the Internal Revenue Service Advisory Council (IRSAC), which recently released its latest list of [...]
This state wants payroll involved in mediation processes In Payroll, you never know when your records will end up under a microscope. But it’s a possibility that some states may soon make that much more likely to happen. Take New York, for instance, where a federal court in the Southern District (SDNY) [...]
The new I-9 form was released November 14. It may now be used, although the old form will remain valid through January 21, 2017. After that date, you must use the new form. We recommend you train all employees who are responsible for completing the I-9 and start to use it for new hires 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 [...]
The IRS has released some 2017 dollar amounts hat you’ll need for your payroll system. The maximum amount an employee can contribute to a flexible spending account is $2,600, up from $2,550 in 2016. The income exclusion for adoption assistance is $13,570, increasing from $13,460. Phase out starts when an employee’s adjusted gross income exceeds [...]
This year-end will be one of the most hectic The Social Security taxable wage base is about to make one of its biggest jumps – ever. Add to that the many other changes already piled on for this year-end, and you wonder how you’re going to keep your head above water. Here’s the latest: The [...]
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 [...]
