Late last month the feds extended the deadline for remote I-9 checking until Aug. 31, 2021. That gives your company an additional three months to keep reviewing this critical employment documentation remotely. This is the ninth extension granted. You’ll remember that back in March 2020, ICE cleared remote I-9 checking because so many employers had […]
The summer season’s kicking into full gear! Summer holidays are fast approaching. So more employees will likely be taking vacations this year as restrictions lift. And to keep your company in compliance with wage and hour laws, your Payroll team must keep track of it all. From getting checks out on time to making sure […]
COVID-19 changed the way many workplaces – and many Payroll and Finance pros – operate. And while most offices are slowly starting to return to normal, some changes may impact the nature of work going forward. Which developments are likely here to stay? At the 2021 American Payroll Association (APA) Virtual Congress Xstream, a panel […]
Opinion letters from agencies like the Dept. of Labor (DOL) provide employers with helpful guidance for compliance. But beware, they aren’t the be-all and end-all for following wage and hour law. Relying too heavily on opinion letters can be a mistake that costs companies big bucks. One employer learned this lesson the hard way after a […]
Unfortunately, many employees experience financial stress. So, more employers are stepping up to help by offering their workers emergency savings accounts funded by payroll deductions. As the COVID-19 pandemic continues, workers have had trouble saving money for a rainy day. Recent research shows that 37% of U.S. households couldn’t come up with $400 for an […]
Employers just received additional penalty relief for your federal employment tax deposits reduced in anticipation of COVID-19-related tax credits. And it comes straight from IRS. That includes both deposits of withheld income taxes and employment taxes. Under IRS Notice 2021-24, employers can reduce the amount of employment taxes owed by the amount of qualified wages […]
It’s sometimes necessary to change your pay cycle. In this situation, it’s key to proceed with caution. Along with any compliance and legal issues that may arise due to state prompt payment laws, you’ll have to address workers’ concerns about their checks. One company’s pay cycle change upset workers so much that it was challenged […]
IRS just announced a new safe harbor for companies that relied on Paycheck Protection Program deductions-related guidance issued before Dec. 27, 2020. Your business may take some additional expense deductions. That’s for businesses that took a PPP loan in Round 1. The denied deductions were later allowed under the Consolidated Appropriations Act. Does your business […]
Under the American Rescue Plan Act, employers with 500 or fewer employees can receive payroll tax credits for paid time off they give their people to either get the COVID-19 vaccine or recover from it. Now IRS has clarified how you can take advantage. It just issued a new fact sheet to help employers understand […]
