A new final rule from the Department of Labor (DOL) makes it clear how employers should handle their workers’ tips. The rule, which amends the Fair Labor Standards Act, specifically makes two things clear: Employers aren’t allowed to keep these tips under any circumstances, and Managers and supervisors can’t receive any portion of employees’ tips, […]
Employee training and continuing ed remain among the most-wanted benefits. But must you always treat that training as compensable time? That’s what one of your peers just tried to determine by asking the Department of Labor (DOL) for an opinion letter. The DOL’s answers may just save you some money while still reaping the benefits […]
With the flurry of W-2 changes Payroll encountered in 2020, year-end could be tough-going. And the last thing any CFO wants is a costly compliance misstep. But there’s help. This checklist of 2020 W-2 changes will help your team ensure compliance. A checklist of W-2 changes for Payroll 1. The IRS revised the W-2 instructions […]
A common step many companies take to prevent costly losses may cost you more in payroll, as the time spent doing it is probably compensable.
Pass this info on to Payroll, STAT! IRS just finalized the new 2020 Form 1095-C. And it won’t be the same old, same old. In fact, not only is the reporting different, but so are the deadlines. Most changes stem from an IRS law update allowing employers to offer workers individual coverage health reimbursement arrangements […]
This year-end will be like no other for Payroll. Check out this update for Payroll year-end forms to keep your company in compliance. No matter what the form, there’s something new for 2020. So is Payroll ready for everything coming its way? Here’s a quick look at what tasks they can accelerate and what tasks […]
Here we go again! The first of Finance’s mission-critical year-end updates has arrived: the 2021 taxable wage base. The Social Security Administration (SSA) just released next year’s number. And it’s a significant increase. For 2021, the taxable wage base will sit at $142,800. That’s a $5,100 boost over this year’s base. To break that down […]
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 […]
Your company has 90 additional days to keep reviewing I-9 employment documentation remotely. The feds granted yet another extension of remote I-9 checking. The U.S. Immigration and Customs Enforcement (ICE) just announced employers now have until Nov. 19 to use the interim COVID-19 policy. You’ll remember that back in March, ICE cleared remote I-9 checking […]
