To our valued Clients, The end of the year is fast approaching, and it's not just a time for festive celebrations—it's also a crucial period for organizations to plan ahead. At Payroll Partners, we understand the importance of preparing for the future, especially when it comes...
Columbus Day is a holiday in the United States that commemorates the landing of Christopher Columbus on October 12, 1492, in the New World. Columbus was a native of Genoa, Italy, and over the years Italian Americans took up the cause of honouring his achievement. In 1937 it became...
Question: We have employees that are unable to work due to a natural disaster. Some haven’t contacted us at all and we’re wondering if we should follow our three-day no-show termination policy. We’re also wondering about pay– should we use their sick or vacation time...
The federal Department of Labor (DOL) has finally announced the release of its proposed rule to increase minimum salaries required for certain employees to be classified as exempt from minimum wage and overtime. While we don’t usually report on proposed rules because they have a tendency...
***ALERT*** This post only applies to Payroll Partners clients who currently receive a text message notification for the total payroll liability or reminders about an upcoming payroll. If this applies, please read below. Due to changes in regulation, all payroll reminder and cash requirement text...
Question: We have an employee claiming they shouldn't be classified as exempt from overtime. It if turns out they're right, what are the penalties for misclassification? Answer: The cost of misclassification can be steep and will depend on several factors, such as how many employees are...
Labor Day is celebrated the first Monday in September to honor and recognize the American labor movement and the works and contributions of laborers to the development and achievements of the United States. Both Payroll Partners and the Federal Reserve will be closed in observance of...
Technology is transforming the retirement transition for everyone, including those without financial advisers. Digital tools are interactive experiences designed to engage users with a combination of personalization and gamification, making their retirement experience both real and relatable. DC retirement plans are meeting participants on their own...
Employers are generally required to withhold income taxes, withhold and pay Social Security and Medicare taxes, and pay unemployment tax on wages paid to an employee. Alternatively, employers are not generally required to withhold or pay any taxes on payments to independent contractors. Moreover, according...
Deductions made from wages for items such as cash or merchandise shortages, required uniforms, and tools of the trade are illegal if they reduce the wages of employees below minimum wage or reduce the amount of due overtime pay. Required Deductions Employers are required to make...