Payroll Tag

The Internal Revenue Service has announced that the amount individuals can contribute to their 401(k) plans in 2024 has increased to $23,000, up from $22,500 for 2023. That's just the beginning: The IRS also has issued technical guidance regarding all the cost‑of‑living adjustments affecting dollar...

American workers are struggling to save for retirement. In fact, only 43% of non-retired adults expect to be financially comfortable in retirement, according to a 2023 survey by Gallup. That same survey reveals that nearly half (48%) of workers expect that a workplace retirement plan such...

In most cases, employees anticipate receiving a raise after working a certain amount of time at your firm — usually, six months to a year. Top performers who consistently exceed expectations expect to be paid a salary that reflects their hard work and level of...

A payroll policy explains the process of payment — salary administration, timesheet keeping, wage methods and payment schedules — making employees conscious of what to anticipate on payday. Your payroll management system, which details your obligations as an employer, should be such that it avoids costly...

Question:  We’ve been approached by some local college students who are volunteering to be unpaid interns. Can we bring them on without paying them? Answer:  According to the U.S. Department of Labor, there are certain requirements that must be met when taking on unpaid interns. These requirements...

Pay transparency refers to sharing information about pay with applicants, employees, and possibly the entire world. While some states and localities require that employers include a pay range with job postings, many employers now choose to do this on their own to stay competitive. But pay...

Dear Valued Client, As we approach the end of another year, we want to express our deepest gratitude for your continued trust and partnership with Payroll Partners. It has been our privilege to support your organization's growth and success. With the new year on the horizon, we...

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...