The Fair Labor Standards Act has been around since 1938. The purpose was to set federal minimum wage (then 25 cents an hour) regulate child labor and set exempt (white collar workers) and nonexempt rules for overtime pay (originally 60 hours). There were a few changes such as overtime pay now starts at over 40 […]

8 Ways to Avoid Direct Deposit NSFs and Recalls – Thomson Reuters Sooner or later, direct deposit recalls and NSFs (non-sufficient funds) trip up just about every payroll provider. And while a NSF on taxes or fees is usually small, a direct deposit NSF can cause big headaches for your firm. In most cases, the […]

Obama’s Budget Proposal and What It Means for You – Thomson Reuters It’s time for President Obama’s 2016 budget proposal – and, most importantly, it’s time to reflect on the numerous items that affect payroll and payroll departments. You may notice a few familiar topics, and there is some ongoing concern that these items could […]

IRS Cracks Down on Payroll Service Providers – Thomson Reuters Improvements are needed to safeguard and protect employers that use payroll providers. This was the basis of a recent report sent to the IRS by the Treasury Inspector General for Tax Administration (TIGTA) [TIGTA Audit Report No. 2015-40-023, Processes Are Needed to Link Third-Party Payers […]

Fringe Benefit Taxation – Thomson Reuters It’s hard to believe we’re halfway through 2015-almost time to think about purchasing W-2s and 1094-C and 1095-C papers. Almost, but not quite. Now is the perfect time to look at the fringe benefits you provide to your employees. This specific taxation is a main focus of the IRS […]

Federal and State W-4 Rules – Thomson Reuters Let’s take a look at W-4s this month. As we all know, this is the document that employees turn in to an employer to calculate federal and (sometimes) state withholdings. There was once a time when – if the employee turned in a W-4 with more than […]