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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State laws usually require that employee participation in direct deposit or paycard programs must be voluntary. States may also allow paycard vendors to charge employees fees, beginning with the second transaction. This chart summarizes the states’ direct deposit/paycard rules. “Mandatory” means that a state allows you to make e-payment a condition of employment, if you choose. States that don’t have laws aren’t included. In all cases, contact your state labor department for the full story.
To encourage employees to sign up for checkless paydays, the federal government declared May direct deposit month. As government declarations go, it’s been a success—most employees do have their pay deposited directly into their bank accounts. Most isn’t all, however.
Forget the overdone hamburgers and warm soda. Payroll problems can arise even around the most hallowed of institutions, the annual company picnic.
• 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. Semiweekly and monthly deposits are for the deposits of FICA and withheld [...]
Employees looking for a place to park their youngsters during the summer should consider day camp, including speciality camps. Tax break: Parents may defray day camp expenses through the company’s dependent care assistance program, up to the $5,000 annual limit.
As you gear up for employees’ summer vacation requests, remember that the FLSA has a lot to say about working hours, calculating overtime when employees take a day off during the week, and uniform policies. Here’s help navigating these choppy waters.

Employees' pay and taxable fringe benefits are subject to federal income tax withholding, FICA withholding and state income tax withholding. Employers pay a matching share of FICA taxes; only employers pay federal unemployment taxes, or FUTA. 

Question: Included in our new employee handbook is a standard payroll deduction agreement, which employees must sign and return to Payroll. There’s a clause in the agreement that says employees’ consent to payroll deductions includes, but isn’t limited to, miscellaneous deductions—faxes, phone calls and so forth. HR has told employees that if they don’t sign the agreement, then no deductions can be made. What does Payroll tell employees?
Q. Some of our Illinois employees have taken out payday loans and now expect the Payroll department to set up a payroll deduction to repay the loans ... We’d like to discourage this behavior by charging these employees a fee for servicing these loans. Can we?
All new hires must provide the Payroll department with Forms W-4. The amount of employees' federal income tax withholding, and, often, state income tax withholding, is determined by entries on this form. Forms must be signed under penalties of perjury. The IRS updates this form every year.
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