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Negotiations to resolve the “fiscal cliff”—a package of tax increases and spending cuts—that will kick in on Jan. 1, 2013, are taking place at an excruciatingly slow pace. Unfortunately, key payroll issues are caught up in the fracas. Until the impasse is resolved, Payroll can’t begin implementing plans for 2013 operations.
A number of wacky gadgets may be able to help you liven up your workday, writes Kayla Baxter at AdminSecret. A sampling of some of the most off-the-wall devices:
If you’ve ever been unable to locate former employees who were owed 401(k) plan assets or final paychecks, you’ve probably used the IRS’ letter-forwarding program to try to contact them. No longer.
Just because your manager can be strict about your schedule doesn’t mean that he should, writes Suzanne Lucas. If your boss has suddenly instituted draconian rules, try to figure out the reason.
Question: We are a public employer. Since employees haven’t had pay raises in more than four years, we will soon be making cash distributions to them. Employees’ survivors will get separate distributions. Are these distributions taxable and how do we report payments made to survivors?
A federal appeals court has ruled that a bankrupt company’s severance payments qualified as FICA-free supplemental unemployment benefits—also known as SUB pay. Therefore, the court concluded, the company’s $1 million FICA refund claim was proper.
Dana Theus, a leadership consultant and founder of InPower Women, explains how administrative professionals can develop their confidence and leadership skills to drive change at work.
Cold weather brings obvious risks to those who work outdoors. Less obvious: Cold indoor temperatures that cause employees to use space heaters. If your workplace allows space heaters, follow these precautions.
Commercials for holiday gifts have been running on TV since at least Halloween. So naturally, employees are making their lists and checking them twice. Perhaps they’re counting on a holiday bonus to pay for it all. If holiday bonuses are in your future, be sure to cover these bases.
Single employees earning more than $200,000 and joint filers earning more than $250,000 will pay an additional 0.9% in Medicare taxes in 2013. To avoid the additional tax, employees may take some extraordinary steps regarding their noncash compensation before the end of this month. That means additional payroll headaches for you.