Payroll compliance is about meeting your payroll obligations as required by law. Click through to learn how your organization can stay compliant. 1. Federal wage and hour laws The Fair Labor Standards Act (FLSA) sets federal wage and hour standards, which are administered by the U.S....
WASHINGTON — The Internal Revenue Service announced on June 9, 2022, an increase in the optional standard mileage rate for the final 6 months of 2022. Taxpayers may use the optional standard mileage rates to calculate the deductible costs of operating an automobile for business...
In 2020, the FBI reported 1.4 million cybersecurity complaints, mostly identity theft, up from 651,000 in 2019. The Federal Trade Commission received 4.8 million cybercrime complaints in 2020, up from 3.3 million in 2019. According to the Internet Crime Report, the cost to victims was...
Employers can generally offer different PTO benefits to different employees as long as there is a valid and non-discriminatory business reason for doing so. We would recommend mentioning your policy variations in your employee handbook to be clear on the subject. With that said, it is...
Yes, a part-time employee may be classified as exempt. The minimum salary and duties requirements must still be met, of course. And the minimum salary cannot be prorated when an exempt employee works part-time. In other words, the federal requirement to pay $684 per week...
On March 29, 2022, the House of Representatives passed the Securing a Strong Retirement Act of 2022 (“SECURE 2.0”, HR 2954). The vote was largely supported by both parties (414-5). The Senate will likely act on the bill later this spring. While we expect several...
Summer brings daydreams of the beach, cookouts and lazy afternoons by the pool. But all those things have one common denominator: no school. Kids love the freedom summer brings from structured classes but that same absence of structure is often a childcare nightmare as parents...
Tax documents are currently arriving in mailboxes and inboxes, reminding us all that tax season is rapidly approaching. This article will give a brief and broad overview of what credits and deductions are all about. The federal tax code allows for certain “credits” and...
In most cases, yes. In general, you can offer the option of unpaid leave when an employee has used all of their paid leave time. A few things to keep in mind: In some situations, such as under the Family and Medical Leave Act, the...
Are you benefiting from all the insights about your workforce contained within your payroll system? With the right reports and analysis, your payroll data can teach you how to help your organization improve workforce compliance, employee experience, and recruiting success. In this article, we’ll discuss the...