If employees take issue with their compensation, we have encouraging news. A new court ruling on bonuses shows the legal burden to prove any missteps may be on employees. That’s the upshot of a recent federal appeals court ruling. This particular case centered around a group of employees who sued their employer in a class-action […]
Year-end will look a bit different in Finance this year, thanks to the coronavirus pandemic. And that includes reporting FFCRA leave. The Families First Coronavirus Response Act (FFCRA) granted employees additional leave under a series of circumstances when COVID-19 took hold. But now your company will have to pass that information along to the government. […]
Mere days before the new payroll tax holiday was set to kick in, IRS finally weighed in. IRS Notice 2020-65 gives employers their marching orders … well, sort of. You’re responsible for collecting – and ultimately paying back – any deferred payroll taxes established by President Trump in a presidential memorandum. Unfortunately, the notice came […]
Should an exempt employee jump in and tackle some non-exempt tasks during the coronavirus pandemic, don’t worry: Your company won’t be on the hook for overtime. The Department of Labor (DOL) just clarified that in a recently updated Q&A. An individual who’s normally exempt under the executive, administrative and professional exemptions won’t jeopardize their status […]
The Department of Labor (DOL) has issued new guidance for employers on bonuses as they apply to the regular rate of pay. Of course just six months ago the feds issued new regular rate of pay rules for the first time in 50 years. The good news: DOL Fact Sheet #56C spells out some key […]
Did your company pay employees emergency sick or medical leave wages under the Families First Coronavirus Response Act (FFCRA)? You have new guidance for reporting coronavirus leave on W-2s. IRS just issued Notice 2020-54 detailing how employers must report those wages on employees’ W-2s come year-end. Of course, any direction is most welcome with this […]
There’s good news for those who missed out on a loan from the Paycheck Protection Program (PPP) the first time around.
The Department of Labor (DOL) has ramped up enforcement of various laws, such as the new Families First Coronavirus Response Act (FFCRA). New on the scene: coronarvirus act audits. Several employers have already been tripped up by FFCRA and what it requires, and the DOL has fined them for noncompliance. That’s the warning to come […]
If your company wants to set up a leave donation program to let employees donate sick, vacation or personal leave to victims of the coronavirus pandemic, go right ahead. You have the green light from IRS. IRS Notice 2020-46 gives you specifics on how employers can administer such leave donation programs. Here’s what you need […]
