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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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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.

The short-term government spending bill, signed Feb. 9, picks up some 401(k) provisions that were stripped from the Tax Cuts and Jobs Act, and provides more disaster relief to the victims of the California wildfires.

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

The IRS has now concluded that fixed indemnity plan benefits are fully taxable if the average amount employees receive predictably exceeds their after-tax contributions.

Some employers will soon be able to avoid the hefty penalties and double damages that usually result when the government discovers violations of the Fair Labor Standards Act.

The Department of Labor has announced the 2018 inflation adjustments to penalties for violations of the Fair Labor Standards Act, the FMLA and ERISA.

Day-of-rest laws, guaranteeing employees a day of rest on “the seventh day,” have been around for a long time. Under the old blue laws, that usually meant Sunday. But what does it mean now, when workweeks can begin and end on any day of the week?

At the end of the regular season, come NCAA tournament time, college basketball teams don’t want to be on the bubble—maybe in The Big Dance, maybe out. Payroll pros don’t like being caught in the middle either. Take care of these items now to stay in control of your own destiny at work.

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?

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