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 […]
Your company’s payroll process looks different this year thanks to the coronavirus, so naturally so does Payroll’s key tax form: the 941. IRS has released a draft of the revised Form 941 because of new coronavirus-related employment tax credits and other tax relief. One of the biggest mid-year changes: Line 13 now contains seven lines […]
A new Department of Labor (DOL) final rule has eliminated some exceptions to the fluctuating workweek pay method. That gives your company some new flexibility and potentially some new savings. In the past, that overtime compensation option wasn’t available for salaried non-exempt employees who earned bonuses and other types of incentive-based pay. No more, thanks […]
Update 3: The feds recently announced they will delay collecting this job info until March 2021, due to the coronavirus. Note: This only impacts the 2019 EEO-1 reporting requirement, which includes employee demographics from any pay period from October through December 2019. Your 2020 data will still be reported on time next spring. Update 2: […]
