If your Finance or Payroll folks make special arrangements with an employee to repay debts or overpayments, it’s critical to remind them to get the agreement in writing. This is the best way to protect your company in case any legal disputes arise. And it’s ironclad proof that the arrangement is on the up and […]
Employers, you must now submit your EEO-1 pay data reporting to the feds. The reporting window runs from April 26 to July 19, says the Equal Employment Opportunity Commission (EEOC). Reporting was postponed last year due to the coronavirus pandemic. The good news? That’s two weeks longer than you usually get. The bad news? Your […]
You may not think that a few small tasks can impact whether any of your employees are eligible for overtime pay. But be aware: Just a handful of phone calls that employees make in a workweek might affect how the Fair Labor Standards Act (FLSA) applies to them. And that could leave you on the […]
The IRS wants to make sure employers accurately repay any Social Security tax they may have deferred as part of COVID-19 relief during 2020. In its most recent Payroll Industry Call, the agency discussed its efforts to resolve persistent issues with ensuring deferred Social Security tax payments are applied to the correct tax liability. Problems […]
While the $1,400 direct payments got most of the buzz, the American Rescue Plan Act of 2021 (ARPA) contains many provisions that impact employers. Check out five of them in the new law that will most impact you and your finance team: Temporary COBRA tax subsidy Private employers subject to COBRA get some good news […]
Supervisors and employees must follow your timekeeping policy as it’s written. Even if the timekeeping policy you have on paper is compliant with the law, if it’s ignored, it can work against you. One employer learned that the hard way in a recent wage and hour case. Perception v. reality with timekeeping policy The Dept. […]
Businesses impacted by the massive storms that hit Texas recently will receive some temporary disaster tax relief. IRS just announced that businesses will now have until June 15, 2021 to file returns and pay any taxes that were originally due from February 11 on. What falls under the tax relief: various 2020 business returns due […]
Making payroll during the coronavirus pandemic has been challenging for many companies. And there’s good news: The IRS wants to reward your efforts by allowing you to take an employee retention credit on your taxes. The agency also just expanded its eligibility requirements. New guidance from the IRS will be helpful for employers to determine […]
Over the past few years, on-demand pay programs, which allow workers to access their wages at any time after they’ve been earned, have become more popular. Now, new guidance from the feds paves the way for employers to offer this option while staying in compliance. The Consumer Financial Protection Bureau issued a bulletin, published on […]
