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According to research by the Electronic Payments Association and the American Payroll Association, an employer currently printing 500 weekly paychecks can save $82,000 each year by switching to direct deposit.
NOTE: Saturdays, Sundays and legal holidays as observed in the District of Columbia are taken into account to determine due dates. Under the federal deposit rules, you’re allowed a deposit shortfall of the greater of $100 or 2% of your tax liability.
The IRS has confirmed that how you withhold income taxes from supplemental pay, such as bonuses—by using a flat withholding method or aggregating the supplemental pay with other wages—is entirely up to you; employees can’t specify a withholding method.
Business travel can be tough, but it’s a lot easier when you pack the right accessories for the journey. Here's a list of must-pack items from seasoned travelers.
Employees in the National Guard and Reserve usually serve their two weeks during the summer, but others may be away longer. Here’s what Payroll needs to know to properly handle summer military duty.
When summer rolls around, Payroll often takes on a parental role, initiating summer hires into adulthood as they pay taxes for the first time. Make sure your processes are in order so that the summer hiring process runs smoothly.
State law controls the age at which teens must obtain age certificates, working papers or parental consent letters and how long you must retain those documents. To help you get a handle on this crucial paperwork requirement, here's a chart summarizing the state laws.
How many times has your company or department held brainstorming sessions to generate fresh ideas? Guess what? That method is a creativity killer.
It’s summertime soon, and the Payroll living is anything but easy. Every employee wants off at the same time (not gonna happen!). Unpaid interns flood the office ... Here’s what you need to know to keep Payroll running smoothly this summer.
If you have employees who are getting hitched soon, help them start married life right by getting their HR documents in order. The problem: Brides who take their husbands’ names and couples with hyphenated names suddenly don’t match a host of records.