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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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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.
Here's your monthly guide to critical payroll due dates.
The Social Security Administration is a few days away from releasing the 2019 Social Security taxable 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.
The IRS does not have to return to a bankruptcy estate a bankrupt payroll service bureau’s tax deposits that were collected from clients, but that were embezzled, a federal appeals court has ruled.
A change to the pay cycle affects every employee, even those whose pay won’t be affected, because employees talk. Planning for a pay cycle change is key, and planning and execution can take as long as two years, according to Lisa Poole, CPP, vice president and business systems analyst at SunTrust Bank.
There’s one overriding concern you need to worry about as year-end approaches—stopping scammers from getting into your payroll records. And scammers have become increasingly sophisticated, as last summer’s ransomware attacks have shown.
It may be slow now, but pretty soon you’ll be immersed in the minutiae of year-end duties. Here are things you can do before the deluge.
Here's your monthly guide to critical payroll due dates.
To ensure that you stay on the right side of worker classificiation, this chart lists the states and the tests they use to determine workers’ status.
In a significant win for these organizations, the U.S. Supreme Court has ruled that defined benefit pension plans offered and maintained by hospitals associated with religious organizations are, nevertheless, church plans, which are excluded from ERISA, the federal benefits law.
Discipline and pay: Not a good combination ... Can we tell employees to hurry up and cash their checks? ... Are these bonuses includable in the regular rate? ... Classification challenge for returning retirees
Legislation enacted in 2015 requires the U.S. State Department, upon certification from the IRS, to revoke the passports of taxpayers who have seriously delinquent tax debts. That may be a problem for employers. Employees who can’t take overseas business trips are employees who aren’t productive. Such drastic measures may need an equally drastic response from the Payroll department.
The IRS has announced the 2018 inflation-adjusted figures for health savings accounts and high-deductible health plans.
September 4–8 is National Payroll Week. That’s the week that everyone, from the lowest-level employee to those in the boardroom, should express their appreciation for the 100% spot-on job Payroll does.
An employer that honored a lock-in letter and a wage levy from the IRS isn’t liable to the employee for doing so, a federal trial court has ruled.
IRS … IRS, who? Phone scams involving the IRS are so common that it has become a reflex to hang up the phone before the robocaller is even finished with the initial spiel. But what if someone knocks on your company’s door, flashes what looks like an official ID and says they’re from the IRS? How do you know for sure?
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