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Question: One of our affiliated companies filed for bankruptcy protection. As a result, the company’s assets were frozen and everyone was let go. Unfortunately, Payroll didn’t impute the excess group-term life insurance into employees’ income. Must we still report the excess group-term life as income on employees’ W-2s?
Who needs Halloween when year-end seems to come up like a witch riding on a broomstick—all at once. Take a few minutes to stir things up now and your Payroll cauldron won’t bubble over in December.
Employers subject to the Fair Labor Standards Act must keep records for both nonexempt and exempt employees. The regulations don’t say which types of record-keeping or timekeeping methods you should use, but they do specify the necessary data you need to maintain on all employees. Here's the guidance you need to stay in compliance.
If an employer retains complete control over whether to pay a bonus and the amount of the bonus, then it can be excluded from an employee’s regular rate as a discretionary bonus. But both parts of this test count equally. Recently, a federal trial court ruled that bonuses that always equaled $50 failed the second part of the test.
An OfficeTeam and IAAP survey of 4,415 administrative professionals asked: “In which of the following areas would you like to assist at your company?" Their top choice: event planning.
When you’re on company business, sometimes you might not be sure what the protocol is for how much is too much when spending company money. The following tips will come in handy:
Let’s say you have a meeting scheduled to discuss resolving customer complaints. To prepare for the meeting, attendees search their inboxes and network drives to find related files they’ll need to begin visualizing a process. By inserting some of these objects into the meeting notice, you can help attendees better prepare for the meeting.
When times get tough, employers may need to dial back some of the extras. But how do you decide what to cut first—and what should be the last resort? Tip: When other perks are cut, keeping a good pot of coffee in the lunchroom is a way of letting employees know that things aren’t hopeless.
For a long time, damages employees received under the FMLA weren’t considered payroll taxable because courts read the FMLA’s unique damages provision—which mandates damages equal to lost pay—as not being the same as taxable back pay. A federal trial court has now turned this reasoning on its head.
You may be tempting fate—and a Fair Labor Standards Act class-action lawsuit—if you demand so much productivity from employees that they can’t reasonably get everything done within the time you allow. The problem: Employees may feel compelled to work off the clock.