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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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Of course you want the latest business tools for your department—things like new computers or payroll software. But other departments want new things, too, and there’s only so much money to go around. The best way to bolster your chances of getting what you want is by preparing cost projections and knowing the proper lingo as you make your case.

The IRS’ Small Business/Self Employed Division enforces the withholding rules for all businesses, regardless of size. So the advice flowing to and from SB/SE employees is especially meaningful. Here are digests of some recently released guidance documents.

Postage downloaded from the internet isn’t enough to prove that you timely mailed something to the IRS or a court. You must also prove that your package would have been delivered no later than a package bearing United States Postal Service postage.

There are three potential filing dates that apply to your 2017 Forms 1099-MISC. The IRS now says all those forms should have been sorted. If they weren’t, you may be subject to a failure-to-file penalty.

Qualified small employers that offer health reimbursement accounts, but no other major medical plan to employees, don’t have to worry about the Affordable Care Act’s excise tax on group plans that don’t meet the market reform provisions. But contributions may be taxable and subject to withholding.

Name/SSN mismatch: Short circuiting a creditor garnishment ... Are we allowed to deduct for lost security badges?

The IRS is extending the time you have to provide employees with Forms 1095-C/1095-B to March 4, 2019.

Here's your monthly guide to critical payroll due dates.

The IRS is just now getting around to sending out penalty notices to applicable large employers that didn’t offer 70% of their full-time employees affordable group health insurance that provided minimum value during 2015.

Two big breaks: The IRS has released the 2018 percentage method withholding tables, which should be put into effect by Feb. 15. Employees don’t have to refile their W-4s with you. Here are highlights of the law.

What’s in a name? An awful lot if you use an off-the-shelf 401(k) plan. You don’t have to spend big bucks to design and maintain an individualized plan and the IRS doesn’t have to spend its limited time and resources auditing that plan.

Are ISOs reportable on W-2s? ... Do employees get both paper and electronic W-2s?

California is the only state that is subject to a FUTA credit reduction for 2017, according to the Employment and Training Administration.

Fail to pay employees minimum wages or overtime and you will routinely be socked with having to also pay them liquidated, or double, damages. The issue: How deep in the hole are you?

Use this worksheet to reconcile your four quarterly 941s and W-2s, so the amounts you report to the SSA and the IRS match.

The IRS’ standard mileage rate, which you can use to reimburse employees who drive their own cars on business, increases to 54.5¢ a mile for 2018, up one penny from the 2017 rate.

Here are digests of some recently released official announcements from the federal government.

One S corp convinced the Tax Court that payments it made to its president and sole shareholder were loan repayments, and not wages. Warning: the IRS isn’t taking this sitting down.

Here's your monthly guide to critical payroll due dates.

You probably think about W-2 security much more often than, say, your IT department does. Here’s what you and your IT department can do now to stop W-2 scammers from getting into your data.

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