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If you have employees, you must deposit all the federal income tax you withhold from your employees (based on their W-4 forms), including both the employer and employee portions of Social Security and Medicare taxes. Based on your situation, you may have to make deposits on...

18 February, 2021

On its website, the IRS has provided special instructions for reporting any deferred amount of employee Social Security tax on the 2020 Form W-2, Wage and Tax Statement [Form W-2 Reporting of Employee Social Security Tax Deferred Under Notice 2020-65, 10/29/2020]. Tax deferral. An executive memorandum...

17 February, 2021

In 2020, the IRS published an alert urging employers and taxpayers to beware of tax scams, including payroll phishing schemes. And that's only the beginning when it comes to payroll threats. In general, employers must also guard against: Noncompliance with payroll laws, whether intentional or unintentional. ...

16 February, 2021

In a new opinion letter, the Department of Labor’s Wage and Hour Division examined the compensability of training time [FLSA 2020-15, 11/3/2020]. Basic rules. Two keys to the compensability of training time are whether the training is related to the employee’s job and whether it takes...

15 February, 2021

In an ideal world, communication would be easy. We’d immediately know exactly what to say or write. Emails, Slack messages, and reply threads would practically write themselves. And there’d be no confusion about what anyone meant, ever.  Of course, communication never works that way. We stare...

11 February, 2021

We live in a fast-paced society where people are forever on the go. There's hardly ample time for work-life balance, let alone continuing education. Yet studies show that employees want opportunities for learning and development. According to a Gallup survey, 87 percent of millennials say professional...

10 February, 2021

WASHINGTON – The Internal Revenue Service encourages taxpayers to take necessary actions this fall to help file federal tax returns timely and accurately in 2021.  This is the second in a series of reminders to help taxpayers get ready for the upcoming tax filing season.   A special...

08 February, 2021

According to World Heritage Encyclopedia, the first time clock was created in 1888 by a New York-based jeweler named William Bundy. The mechanical device — called a "key recorder" — worked by printing (on a paper tape) the specific time the employee inserted a designated numbered key.  Since...

05 February, 2021

According to the Society for Human Resource Management, employers are implementing personality testing more frequently in the hiring process. The goal is to understand job candidates better by gaining a sense of their feelings, attitudes, perceptions, motivations, emotional intelligence, interests, preferences and communication styles. Some...

04 February, 2021

Payroll is a mission-critical function — one that must be done even amid disasters or emergencies, such as:  Pandemics.  Storms.  Hurricanes.  Flooding.  Tornadoes.  Fires.  Earthquakes.  Terrorist attacks.  Cyberattacks.  Active shootings.  Loss of electricity.    These catastrophic disruptions can occur unexpectedly. But when it comes to payroll, you...

03 February, 2021