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.
“I’ll get to it tomorrow” isn’t a winning legal strategy.
Over 70% of the federal government’s ready cash is obtained through withholding. That puts you in the crosshairs for new compliance initiatives from the IRS and its in-house lawyers from the Tax Division at the Department of Justice (DOJ).
Releases from the IRS, Department of Health and Human Services and the Department of Labor clarify some finer points under the Affordable Care Act.
On Aug. 1, penalties jump from $50 to $100 per form, up to $1,589,000, for these W-2 errors: failing to file 2015 W-2s in the first place or filing incorrect 2015 W-2s that you haven’t yet corrected.
With the summer heat setting in, you may be tempted to run through the sprinklers. Before you slip off your sandals, consider tackling these general payroll maintenance tasks. Getting things in order now also makes for a smoother year-end process.
Under many state wage payment laws, if you pay terminating employees late, you’re also on the hook to them for penalty wages.
You don’t breach any fiduciary duty to employees if you don’t seek a FICA refund on their behalf, and you also don’t tell them to apply to the IRS for their own FICA refund, a federal trial court has ruled.
According to Anita Bartels, manager, mid-states territory SB/SE, employment tax, IRS, there are only seven or eight payroll issues, but within that universe, there’s infinite variety.
If you pay terminating employees late, you could owe a penalty.
Here's your monthly guide to critical payroll due dates.