Company forced workers to return overtime payments
Employers will do the darndest things to avoid paying overtime. Here’s a very extreme example.
Employers will do the darndest things to avoid paying overtime. Here’s a very extreme example.
Chances are your confidentiality policy doesn’t specifically ban employees from talking about their paychecks with one another, but it can still potentially get you in legal trouble regarding pay-related info.
Paying employees by direct deposit is convenient for all involved. But a recent court case is a reminder that funds could end up in cybercrooks’ bank accounts. Cybercriminals will seek out any point of weakness. So, continually safeguarding systems and keeping employees informed is essential for businesses. Here’s what went wrong for one employer, a […]
To ensure employees understand wage and hour law, the federal Dept. of Labor (DOL) may ask you to beef up your employee handbook.
There’s no denying that the finance staffers you hire can make a big difference in your company’s overall efficiency and success.
If you can uncover and correct any mistakes before you run Forms W-2 for Tax Year 2022, you’ll save yourself some time. Plus, employees will thank you (well, maybe not, but at least you can head off some complaints). Best bet is to pore over year-to-date data before your last payroll of 2022. That’ll help […]
CFOs know a strong 401(k) plan can be a huge factor in attracting and retaining top talent.
IT salaries have long been known as some of the biggest budget busters in the company. But you might want to tell HR and other top execs not to believe the hype.
Companies with funds tied up in the recent bank collapses had to scramble to pay their employees on time. No one wants to go through that again. That includes the Federal Deposit Insurance Corporation (FDIC). Large concentrations of uninsured deposits make bank runs more likely, the FDIC noted in Options for Deposit Insurance Reform, a […]
The 2024 tables for federal income tax withholding are now available, IRS said during a recent Payroll Industry Call. The Service posted the draft version of Publication 15-T, Federal Income Tax Withholding Methods, on November 20, 2023, and included the 2024 tables as an Excel attachment. The Excel format is only temporary – the tables […]
It can be a particular challenge to get employees with small paychecks to participate in a retirement plan. This tax credit may help.
By February 15 each year, any employees who’ve written “exempt” on their Form W-4 for the prior year need to give your Payroll team an updated form. But if IRS doesn’t agree with certain employees that they’re exempt from withholding, that puts your company in a difficult spot. Take the case of one employee who […]
IRS has released Publication 1494 for 2022. You may need the tables contained in the publication if IRS informs you of a levy on an employee’s wages. More specifically, the tables in Publication 1494 tell you how much of an employee’s take home pay is exempt from the levy. You calculate the exempt amount based […]
Earned wage access, also known as on-demand pay, has been a hot topic in the Payroll space recently. While it may not be on your radar right now, many employers are using it as a key retention tool – and it’s becoming more popular with employees, as well. New research from payroll provider ADP shows […]
Four bucks for a gallon of gas + Four bucks for a gallon of milk + no pay raise = a potentially very expensive problem for companies.
Termination pay is riddled with potential problems, as a recent federal district court case shows. In Garcia v. Wal-Mart, an employee clocked in for work and a few minutes later was called into a meeting with his supervisor where he learned of his termination. He then left the premises, and his co-worker clocked him out […]
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