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Payroll Management

Ineffective payroll management and shoddy payroll systems can result in personal liability (including JAIL TIME) for non-compliance.

Business Management Daily helps our readers with information on payroll processing and tips on timesheets that will help you to implement payroll programs that pay off.

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Glitches in the Tax Cuts and Jobs Act began bubbling to the surface almost the minute it was signed into law. Although there are higher priority items that need clarification and correction, one little-noticed provision may have an outsized impact on 401(k) plans that allow employees to take hardship distributions.
Are employees’ business entertainment expenses taxable? ... What are the rules for reimbursing employees’ home internet access?
As employees’ thoughts turn toward summer vacation, put two items on your agenda: ensuring that the summer vacation schedule runs smoothly and that employees aren’t overpaid during weeks they take a day or two off.
Payroll managers whose companies take on summer hires know the feeling. Questions about W-4s and I-9s from new members of the taxpaying community are just the beginning. Use this checklist to bring order to the summer hiring process.
Can you steer employees to paycards instead of checks or direct deposit? Yes, but you can’t require them.
For the 2018 plan year, group plans are affordable if employees’ premiums don’t exceed 9.56% of their W-2, Box 1 income or their hourly rates of pay on the first day of the plan year (9.69% for the 2017 plan year).
Here's your monthly guide to critical payroll due dates.

Final regulations now allow the Pension Benefit Guaranty Corporation to accept transfers made by terminating 401(k) plans if you can’t find former employees, but need to make distributions to them on account of the plan’s termination.

Does breakfast at Tiffany’s come with a watch? ... How do we handle withholding without personal exemptions?

Verification of employment requests are not difficult to process, but you do need a formal system for responding to them.
The deductibility of costs incurred for company events, such as a Christmas party, is covered under tax code Sections 274(e)(1) and (e)(4), which the Tax Cuts and Jobs Act didn’t touch.

The IRS is a prodigious publisher. Here are digests of documents sent between IRS offices.

Before spring fever sets in for real, why not clean up your payroll records? Careful: Be judicious in your culling; the IRS requires you to keep payroll records for at least four years after employees’ 1040s are due.

It’s safe to say that company policy isn’t made in the Payroll Department. But the new tax credit for paid FMLA leave, enacted as part of the Tax Cuts and Jobs Act, allows you to be the bridge between HR and corporate tax, and, in the process, raise your profile within the company.

As if being liable for retaliating against an employee for filing discrimination charges wasn’t bad enough, a federal appeals court has ruled that an employer must also compensate the discriminated-against employee for the extra taxes that are due on a lump-sum back pay award by grossing it up.

The short-term government spending bill, signed Feb. 9, picks up some 401(k) provisions that were stripped from the Tax Cuts and Jobs Act, and provides more disaster relief to the victims of the California wildfires.

Here's your monthly guide to critical payroll due dates.

The IRS has now concluded that fixed indemnity plan benefits are fully taxable if the average amount employees receive predictably exceeds their after-tax contributions.

Some employers will soon be able to avoid the hefty penalties and double damages that usually result when the government discovers violations of the Fair Labor Standards Act.

The Department of Labor has announced the 2018 inflation adjustments to penalties for violations of the Fair Labor Standards Act, the FMLA and ERISA.

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