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In 2016, the National Automated Clearing House Association (NACHA) reported that 82 percent of U.S. employees are paid by direct deposit, jumping from 74 percent in 2011. Clearly, direct deposit is on the rise. But you may be surprised to learn that, according to the NACHA...

10 June, 2021

An employee's personnel file contains important work-related information specific to him or her. This may include: Job description. Job application. Resume. Employment offer. W-4 form. Employee benefits forms. Emergency contacts. Employment contract. Performance reviews. Complaints from clients or co-workers. Attendance records. Disciplinary actions. Termination records.   Employees...

09 June, 2021

The Internal Revenue Service defines special wage payment (SWP) as "an amount paid by an employer to an employee (or former employee) for services performed in a prior year." SWPs include: Back pay. Severance pay. Accumulated vacation or sick pay. Bonuses. Sales commissions. Deferred compensation. Payments...

08 June, 2021

Bonuses are a form of variable pay that are used to inspire employee loyalty or reward performance, and it's essential to know about the different kinds. Discretionary bonuses   A bonus is discretionary if it's given solely at the employer's discretion and does not cause an expectation of...

07 June, 2021

WASHINGTON —The Internal Revenue Service reminds everyone that May included National Hurricane Preparedness Week and was also National Wildfire Awareness Month. Now is a good time to create or review emergency preparedness plans for surviving natural disasters. In the last year, the Federal Emergency Management Agency...

04 June, 2021

It's often assumed that nonprofits have no tax obligations at all, but that's not true. Nonprofits do get a lot of tax breaks, but managers of nonprofits still need to be well-versed in the tax code to make sure they're in compliance. Although most tax-exempt nonprofit...

02 June, 2021

There are a lot of misunderstandings about what employers have to do — as opposed to what is simply customary — for nonexempt employees ("Nonexempt" generally refers to employees who are not managerial and who thus are generally subject to the Fair Labor Standards Act—commonly...

01 June, 2021

Self-service platforms let employees view and manage certain HR and payroll tasks themselves, which eases pressure on the HR or payroll team. Studies show that the vast majority of employers offer self-service HR or payroll. In National Payroll Week's 2020 "Getting Paid in America" survey,...

27 May, 2021

These are hard times for businesses trying to navigate the various rules and regulations related to reopening after the pandemic. No business wants to get caught up in litigation if it can be avoided.  Five of the most pressing health-related concerns are discussed here: Can COVID-19...

25 May, 2021