Payroll will need to work some overtime of its own to get your company in compliance with the new COVID-19 law and make sure employees get paid properly. That’s courtesy of the Families First Coronavirus Response Act. And now the Department of Labor (DOL) has stepped in to help keep compliance up. It just published […]
The aftershocks from the new W-4 and updated withholding tables just keep on coming! IRS and the Treasury Department just released proposed regulations to reflect the changes to come out of the Tax Cuts and Jobs Act. And they should give your payroll department some welcome clarity. First, a key reminder: The regs make it […]
With so many businesses temporarily closing or allowing employees to work from home due to COVID-19, there’s a lot of pressure on your payroll department.
For the next two months your company doesn’t have to physically lay hands on employment authorization documents to accept them. That’s the word from the Department of Homeland Security in light of the COVID-19 epidemic. But you will have a new process to follow to stay in compliance. Check out the details. Check I-9 documentation […]
UPDATE: The National Labor Relations Board has announced the final rule will take effect April 27. Good news for employers everywhere: You’re now less likely to end up on the hook for another business’ compliance missteps. The Department of Labor (DOL) just released the final version of the joint-employer rule. And it’s effective March 16, […]
These are some tricky times when it comes to withholding, thanks to the new tables and new W-4. Which is likely why IRS issued new guidance on how your team should handle lock-in letters. The letters spell out the withholding arrangement that IRS selected to correct an under-withholding issue for a specific employee. The Q&A-style guidance walks […]
The Department of Labor (DOL) just finalized an update to the regular rate of pay calculation. This is the first time in 50 years
IRS just issued new pension plan limits for next year. And the overwhelming majority are going up over this year’s numbers.
The Social Security Administration (SSA) just issued the taxable wage base for 2020. And it’s higher than what was predicted back in the spring. The magic number Payroll needs? $137,700, up from the $132,900 taxable wage base in 2019. As the most hectic time of the year in Finance approaches, you’ll want to make sure […]