Advice

The Department of Labor has concluded in an opinion letter to an inquiring employer that paralegals who earn $100,000 or more could qualify for the administrative exemption, if they performed one duty of an exempt administrator.
Employees don’t know pay periods; they know they get paid every two weeks. But there is a difference between paying biweekly and semimonthly. And that difference comes into play when employees come onto or leave the payroll in the middle of a pay period.
“But my boss told me not to deposit the payroll taxes,” won’t cut it, even if the boss is the Small Business Administration.
In an effort to stem the tide of tax-related identity theft, final regulations allow you to truncate employees’ Social Security numbers on all W-2 copies, except Copy A, which is filed with the Social Security Administration.
The Department of Health and Human Services and the IRS have released their inflation adjusted figures for group health plans for the 2020 calendar year.
Payroll audits that result in tax underpayments have an unexpected, ugly side effect: employees will have additional FICA-taxable income. Worse: You may be completely out-of-pocket for the underwithheld income taxes that are now due. The IRS, in technical advice to auditors, instructs them on how to handle this additional income and taxes.
Revenge W-2s and 1099s are never a good idea. If you have a beef with a former employee, it would be best to leave the Social Security Administration and the IRS out of it.
The 2019 W-2 is largely unchanged. Box 9, however, is again shaded out.
The IRS is a prodigious publisher. Here are digests of three general interest letters.
Final regulations firm up the requirements for certified professional employer organization status and also affect clients’ relationships with CPEOs.