2017 Social Security Wage Base Increases
October 24, 2016
The Social Security Wage Base increases to $127,200 With the largest hike in U.S. history set to take effect on January 1, 2017, the new Social Security wage base will increase from $118,500 to $127,200. This $8,700 increase marks the first wage base increase in two years and the highest percentage increase since 1983. Employees […]
New PBJ Reporting Requirements for Long-Term Care Facilities
April 28, 2016
The latest in Section 6106 of the Affordable Care Act compliance is payroll-based journal (PBJ) reporting, affecting nursing homes and other long-term care facilities.
$1.75 Million Penalty Newest Evidence of Wage and Hour Crackdown
January 8, 2016
When it’s necessary to get a drink of water, quickly text a spouse or even answer nature’s call, most employees don’t think about tracking the time they spend seeing to these personal needs.
Changes Coming to Definition of Exempt Employees
July 9, 2015
Millions of Americans could become eligible for overtime pay in the coming months.
Illinois Sets Precedence with IRA Payroll Deduction Law
February 11, 2015
Recently, Illinois became the first state to break ground on what could be the next big trend affecting organizations and their employees preparing for retirement. Signed into law on Jan. 4, the Illinois Secure Choice Savings Program Act requires companies to automatically enroll their employees in – or give them access to –personal Individual Retirement Accounts (IRA) funded through payroll deductions.
What You Didn’t Know About Getting Paid
September 9, 2014
When you applied for your job, you agreed to make a certain amount, but that’s probably not the same amount you see on your paycheck. So, where does it all go? There is a lot of behind the scenes work that happens before you get your check. There are certain deductions and taxes that have to be withheld. Thank goodness someone knows what they’re doing, right? Next time you see your payroll specialist, thank them.
War of the Wages
July 17, 2014
“Wage theft” was coined by the Interfaith Worker Justice, a network of people advocating for improved wages, benefits and conditions of workers. It is an epidemic sweeping across industries, regions and firms of all sizes. Wages should warrant the work put in on the job, and yet many employees are finding out that their pay is not so fair after all.
Big News for Employers: Obama Proposes Expansion of Overtime
March 14, 2014
The prospect of boosting wages can ruffle the feathers of businesses that believe such a hike would force them to cut jobs. Their theory may be put to the test, as President Barack Obama has issued a proposal to the U.S. Department of Labor to expand the eligibility requirements for overtime workers. This expansion would raise the minimum salary an employee must receive in order to qualify for overtime pay by more than double what it is today.
W-2 Distribution: When Should I File?
January 22, 2014
The beginning of the New Year is a time for celebration, commemorating last year’s accomplishments and pledging new goals for the New Year. However, don’t get caught up in the excitement and forget to submit your W-2’s. Although a letdown for many, W-2 form distribution is required. That is unless you want to run the risk of accruing fines and penalties, which can really lead to a rough start to the New Year.
Declare Your Independence from Multiple HR and Payroll Systems: 5 Tips to Finding the Total Package
July 1, 2016
In today’s restaurants, HR and payroll technology plays an increasingly important role in effectively managing labor costs, mitigating compliance risk and streamlining operations.
Fight for $15: Tentative Deal for Minimum Wage Increase in California
March 30, 2016
Minimum wage will increase to $10.50 an hour next year in California and gradually increase to $15 in the years to come.
3 Guidelines for Executing Wage Garnishments for Tipped Employees
September 30, 2015
Executing a wage garnishment for a tipped employee can be pretty straightforward. At first.
North Dakota Alters Income Withholding Tables
July 1, 2015
In an effort to reduce income tax rates for individuals, North Dakota recently released new tax withholding tables that will affect businesses and their employees immediately for tax years beginning on or following Jan. 1, 2015.
How to Handle 2015’s Extra Pay Period
December 31, 2014
Every four years, businesses must account for the phenomenon of an extra pay period. As such, weekly payroll inflates from 52 to 53 check dates, while biweekly payroll increases from 26 to 27.
Payroll Managers Make it Rain
August 29, 2014
Dear Payroll Manager, Thank you for making it rain every payday. No employee understands everything you do to make sure their paystub is accurate and on time. Pay rates, taxes, insurance, bonuses, garnishments, PTO, expenses and a whole lot more have to come together seamlessly every payday (or people come unglued). And more often than not you don't even get thanked when it all goes right. That's just not fair. We were going to write you a card for National Payroll Week, but we thought you could use a better payroll system instead.
Are You Prepared for the April 15 Year-end Return Filing Deadline?
April 10, 2014
Are you rushing to meet the April 15 deadline to file your personal income taxes? Well, good news for procrastinators as you might be in luck. If you haven’t started preparing your 2013 tax return, or maybe you have more to report than the income on a W-2 and a 1099, here’s an easy solution: File for an extension.
Federal Contract Workers to See Minimum Wage Increase
February 14, 2014
President Barack Obama’s promise to increase the minimum wage for federal contract workers became official when signed an executive order earlier this week. The increase from $7.25 to $10.10 per hour will become effective Jan. 1, 2015.
Outsourcing Payroll: The Good, The Bad and The Ugly
April 8, 2013
Do you know someone that is processing payroll for their mid-to-large sized company? Maybe you are stuck in the mundane process of doing payroll for your business or maybe you have a team of employees dedicated to payroll.
Ditch the Hassle of Garnishments Before Garnishments Hassle You
May 31, 2016
Two definitions exist for the word “garnishment.” One is like the sprig of parsley on your dinner plate: mere ornamental dressing to which you may not pay any attention.
5 Biggest Payroll Mistakes to Avoid
March 28, 2016
Mistakes often are chalked up to human frailty, but those affecting your company’s payroll aren’t so easily dismissed.
5 Scenarios Caused by the Overtime Pay Requirements of FLSA
July 14, 2015
Under the Free Labor Standards Act (FLSA), many salaried employees with managerial jobs who receive more than $450 a week aren’t entitled to overtime pay, but that would change under a new proposal by the Obama administration. Workers classified as manager or professional who earn up to $970 a week would have to be paid overtime, per the plan devised by the Department of Labor (DOL).
Bet on Preparedness, Not Luck: 3 Legal Liabilities of Altering Time Sheets
March 10, 2015
If you are a manager, HR professional or anyone with a hand in the payroll process, you probably already know that altering employee payroll sheets can land an organization in a heap of litigation. According to a new ruling, even your personal assets can be targeted if you are found guilty.
Earned Income Tax Credit Notification a Must
December 23, 2014
Heads up: The IRS is requiring employers to notify their employees of the Earned Income Credit (EIC) for 2014.
Riding the Wave of Minimum Wage
August 4, 2014
Seattle recently adopted the nation’s highest minimum wage, raising an employee’s pay to $15 an hour. This represents a 60-percent increase from $9.25 and more than double the national average. Hold on – before anyone packs their bags to head to the Emerald City, finish reading.
Capping Hours: Risk Outweighs Reward
April 7, 2014
Employee benefits have become a hot topic in the business realm, especially in regard to the federal government’s Affordable Care Act. Ultimately, it comes down to dollars and cents, and companies are finding that a more affordable route may exist beyond offering traditional health coverage. However, if you are thinking of finding a loophole through lowering employees’ hours, you might want to think twice.
President Obama Reveals Increase in Minimum Wage for Federal Contract Workers
January 29, 2014
If you are an employer with federal government contracts, prepare to pay your employees a higher minimum wage on new contracts soon. President Barack Obama announced in a Jan. 28 White House fact sheet that he intends to issue an executive order in coming weeks requiring employers to pay contract workers at least $10.10 an hour, so price your future bids accordingly and anticipate additional guidance to ensure compliance.