Many schools and childcare facilities have been closed due to the coronavirus (COVID-19) pandemic, adding to the challenges employees and employers now face. You may have employees asking if dependent care assistance program (DCAP) elections can be changed or revoked.…
The U.S. Department of Labor (DOL) has released the finalized rule on overtime exemptions for white-collar workers under the Fair Labor Standards Act. The rule updates the standard salary levels for the first time since 2004. While it is expected…
With a September 30 deadline looming, employers with 100 or more employees need to prepare and submit EEO-1 Component 2 information. The Component 2 requires employers to report wage information from W-2 forms along with total hours worked by employees…
If federal income tax and employment taxes (including Social Security) are withheld from employees’ paychecks and not handed over to the IRS, a harsh penalty can be imposed. To make matters worse, the penalty can be assessed personally against a…
No two days are the same when your team processes payroll for clients nationwide. We took a surprise puppy break recently when volunteers from Helping Hands Humane Society stopped by to drop off a couple of furry friends. Our team…
Do the upcoming minimum wage increases have your head spinning? On July 1, the minimum wage will increase in California, Illinois, Oregon, and other states. Not sure if your business will be affected? We’ve broken it down for you by…
The IRS recently announced the inflation-adjusted maximum value of an employer-provided vehicle under the vehicle cents-per-mile rule and the fleet-average value rule. Employers can use the rules to value an employee’s personal use of such a vehicle for income and…
The Trump administration released its long-awaited overtime rules to update the overtime exemptions for so-called white-collar workers under the Fair Labor Standards Act. The rule increases the minimum weekly standard salary level for both regular workers and highly compensated employees…
Federal government employees aren’t the only ones shouldering an extra load during the federal government shutdown. Employers are taking on the burden of trying to keep track of Forms I-9 that need to be completed or updated despite no access…
We’re heading into the holiday season and many companies provide extra goodies to employees at this time of the year. Don’t forget that what seems like a gift may actually be considered compensation by the IRS. IRS Publication 15-B goes…