There’s more to leasing employees than clients remitting their pay to the leasing company. While employees can be reimbursed 100% for their substantiated meal expenses, business deductions are limited to 50%. Normally, the employer is stuck with this deduction disallowance. But the involvement of the leasing company complicates matters.
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.
Q. If an employee is not available to sign his or her time sheet, can the supervisor sign the employee’s name and include the supervisor’s initials and a comment stating that the employee is not available to sign?
Question: Does the Social Security Administration plan to improve the Business Services Online suite of services within W-2 Online?
401(k) plans don’t have to allow employees to borrow from their vested account balances. But if they do, the news is grim. According to a recent survey, about 10% of employees who borrow from their 401(k) plans default. The default percentage skyrockets to 80% if employees terminate with outstanding loans.
Q. We require direct deposit of employee paychecks. We have one employee who hasn’t set up an account despite frequent requests. We have to mail his check from headquarters, sometimes via courier. Can we charge him a fee?