IRS sets rules for taxing damage awards

  • April 22, 2012

Final IRS regulations exclude from taxpayers’ gross income damage awards for personal physical injuries or illness received from a lawsuit or in settlement of...

Time sheets: FAQs

  • April 21, 2012

Time clocks, time cards and time sheets are basic necessities for payroll purposes, workplace recordkeeping, Family and Medical Leave Act (FMLA) tracking, etc....

T&E expenses: IRS compliance tips

  • April 04, 2012

Employees can be reimbursed for their travel and entertainment expenses (T&E) on a tax-free basis. However, if a T&E policy does not meet the IRS standards, or...

Are cellphone allowances taxable?

  • March 19, 2012

Q. We reimburse employees for the business use of their personal cellphones. To cut down on paperwork, management has suggested that instead of having employees submit...

Employee worked through break? You must pay

  • March 18, 2012

Many employers automatically deduct meal period breaks from time worked to simplify wage-and-hour calculations. That’s fine, but you must make sure there is an...

Form W-2c: the agony of errors

  • March 16, 2012

The earlier employers fix errors on 2011 W-2s, the less likely it is they’ll be penalized by the IRS. E-filers have until the April 2 to file original W-2s, but...

State laws on vacation pay after termination

  • March 13, 2012

Whether accrued vacation pay is due to an employee upon termination is determined by state law. This chart summarizes state vacation pay laws. Some states have no laws...

FTC clamps down on alleged payday lenders

  • February 27, 2012

You may have seen the TV ads: An announcer says that if you need money and you have a job, up to $5,000 can be transferred into your bank account. The lender...

ACH fraud is Payroll’s newest headache

  • January 26, 2012

You couldn’t have direct deposit or online banking without the Automated Clearing House (ACH) network. Unfortunately, online banking through the ACH network has...

How can we recoup stolen money?

  • November 20, 2011

Q. We just fired an employee after discovering that he stole $5,000 from the company. Do we have to pay the employee his final paycheck or can we apply that paycheck...

Do child support withholding orders expire?

  • October 27, 2011

Question: A rehired employee will soon be receiving his first paycheck. He had a child support withholding order when he terminated. Should I withhold for that order...