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 […]
Any company can be vulnerable to pay errors, no matter how careful your payroll staffers are. And if those errors make an employee’s pay late, you can bet that won’t go over well.
Update: The Sept. 30 deadline has come and gone, but the feds are going to keep on accepting pay data from employers. The EEOC recently announced it won’t stop collecting data until it has enough data to be usable (by law that’s 72%). How long will that take? That’s anyone’s guess. As of Sept. 6, […]
The Department of Labor (DOL) just released the final new overtime rules. And they’re expected to push 1.2 million U.S. workers into time-and-a-half territory.
It’s been a long time coming, but the time has come for your company to begin reporting more detailed employee pay data to the feds.
Tell your finance staff to be wary. IRS is zeroing in on 1099 and 1042-S compliance, meaning it’s now even more vital for them to get information returns correct.
Your payroll staffers are going to be busier than usual! The Department of Labor (DOL) just announced it’s updating the Fair Labor Standards Act regs that control the regular rate of pay.