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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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Your options: You can either void uncashed checks or hold them open on your books. Hiccup: Banks generally won’t honor checks that are older than six months, so your employees won’t be happy either.
If you’re tempted to say that to the teenagers in your house, and thankful that someone else will be employing them this summer, remember that somewhere out there other parents are saying the very same thing to their teens. And you may end up employing them.
Here’s your monthly guide to critical payroll due dates.
If misclassified workers pay their income and self-employment taxes, you’re off the hook for the income taxes you didn’t withhold and likewise for both the employer and employee portions of FICA (but penalties may still apply).
When you withhold taxes from employees’ pay, you’re administering the tax code. The U.S. Supreme Court has now given you some breathing room. It ruled that you can’t be criminally liable for obstructing the due administration of the tax code unless you’re aware of, or can reasonably foresee, a pending proceeding, such as an audit.
Glitches in the Tax Cuts and Jobs Act began bubbling to the surface almost the minute it was signed into law. Although there are higher priority items that need clarification and correction, one little-noticed provision may have an outsized impact on 401(k) plans that allow employees to take hardship distributions.
Are employees’ business entertainment expenses taxable? ... What are the rules for reimbursing employees’ home internet access?
Before getting lost in daydreams about the lazy days of summer, start working with your colleagues in the payroll department to anticipate some of the headaches that accompany holidays and vacation time off.
Being summer-savvy means planning how to handle summer hires, their paperwork and their questions. Instead of seeing red, use this checklist to bring order to the summer hiring process.
Can you steer employees to paycards instead of checks or direct deposit? Yes, but you can’t require them.
Under the Affordable Care Act’s federal poverty line safe harbor, group health benefits are affordable during the 2019 plan year if employees don’t pay more than $102.63 a month.
Here's your monthly guide to critical payroll due dates.

Final regulations now allow the Pension Benefit Guaranty Corporation to accept transfers made by terminating 401(k) plans if you can’t find former employees, but need to make distributions to them on account of the plan’s termination.

Does breakfast at Tiffany’s come with a watch? ... How do we handle withholding without personal exemptions?

Verification of employment requests are not difficult to process, but you do need a formal system for responding to them.
The deductibility of costs incurred for company events, such as a Christmas party, is covered under tax code Sections 274(e)(1) and (e)(4), which the Tax Cuts and Jobs Act didn’t touch.

The IRS is a prodigious publisher. Here are digests of documents sent between IRS offices.

Before spring fever sets in for real, why not clean up your payroll records? Careful: Be judicious in your culling; the IRS requires you to keep payroll records for at least four years after employees’ 1040s are due.

It’s safe to say that company policy isn’t made in the Payroll Department. But the new tax credit for paid FMLA leave, enacted as part of the Tax Cuts and Jobs Act, allows you to be the bridge between HR and corporate tax, and, in the process, raise your profile within the company.

As if being liable for retaliating against an employee for filing discrimination charges wasn’t bad enough, a federal appeals court has ruled that an employer must also compensate the discriminated-against employee for the extra taxes that are due on a lump-sum back pay award by grossing it up.

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