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.
Never give the IRS a choice about how to calculate penalties.
You get a two-day reprieve for filing your first-quarter Form 941—instead of the regular April 30 due date—forms are due on May 2, 2016. Here are some tips for completing your 941 forms.
Thanks to the Protecting Americans from Tax Hikes Act of 2015, small startup businesses now qualify for the research and development tax credit.
If you use commercial payroll software, beware.
No doubt, 2016 will be the most challenging year-end season in a long time.
This month’s chart lists states’ annual wage reconciliation and 1099 filing deadlines.
You must provide all employees easy access to their pay records. It’s not enough to tell workers they can log in from a computer at home or elsewhere. Give them a place at work where they can easily and quickly check their pay.
July 2016 is the target date for the Department of Labor’s final regulations that increase the guaranteed weekly salary employees must earn to be considered exempt employees under the Fair Labor Standards Act.
If your health plan is affordable and provides minimum value, employees who buy individual health insurance on the exchanges can’t qualify for the premium tax credit, and you’re off the hook for a free-rider penalty.
Last summer, Congress jacked up the penalties for failing to file Forms W-2, 1099 or 1095 and to provide forms to payees.