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Payroll Management

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.

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Here are digests of some recently released official announcements from various federal government agencies.
You discovered that, inadvertently, the proper amount of income taxes wasn’t withheld from an employee’s pay last year. You’re inclined to file Form 941-X to fix the error. Not so fast: Whether you can correct this error on a 941-X depends on whether the error is administrative.
Under the timely mailing rule, if an item is postmarked by the Postal Service on the day it is due, the IRS or a court will consider it timely filed, even if they never receive it. The Tax Court, however, didn’t apply the rule to a postmark from a private meter. It ruled that court papers weren’t timely filed, even though the envelope bore a timely postmark from a private meter.
Payroll routinely administers the tax code; that’s what withholding is all about. Now, the U.S. Supreme Court has agreed to hear a case this term that will determine whether, under tax code Section 7212(a), taxpayers need to know that they’re under investigation before they can be accused of corruptly obstructing or impeding the due administration of the tax code.
Who needs Halloween when year-end seems to arrive like a witch riding on a broomstick—all at once. Take a few minutes now and you won’t stir up a cauldron of trouble later.
Here's your monthly guide to critical payroll due dates.
As this issue of Payroll Legal Alert goes to press, the Social Security Administration is days away from releasing the 2018 Social Security taxable wage base. Except for tax-free fringe benefits, all wages are subject to the Medicare portion of FICA, since there’s no wage base.
The IRS generally frowns on 401(k) plans that allow employees to take out loans. And it has come down like a hammer when employees whose accounts hold more than $100,000 in vested benefits take out multiple loans during the same year.
Employee name/SSN mismatch problems ... Can a bonus be withheld for child support? ... I-9s for temps and distance workers
California is the last state standing from the 2008 economic downturn to be liable for a FUTA reduction, since it has yet to repay loans it took out to shore up its unemployment trust fund.
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