Advice

You’ve done your due diligence in response to the new regulations that substantially raise the weekly salary employees must earn to be exempt, now comes the hard part—training their managers in the finer points of the FLSA.

The IRS has again extended transition relief, which was to have expired on June 29, 2016, for employers that must file Form 8850 with their designated local agencies in order to claim the Work Opportunity Tax Credit (WOTC).
If you administer payroll for a partnership, you have problems. Final regulations reiterate the IRS’ position on partners: You can be a partner or an employee, but you can’t be both. And, according to the regs, this remains true if a partnership owns a disregarded entity.
Shockingly (or maybe not), more than half the attendees at the APA’s identity theft workshop acknowledged that they were bait for the phishing expedition undertaken earlier this year to steal employees’ W-2 information by spoofing a company’s executives.
“I’ll get to it tomorrow” isn’t a winning legal strategy.
Over 70% of the federal government’s ready cash is obtained through withholding. That puts you in the crosshairs for new compliance initiatives from the IRS and its in-house lawyers from the Tax Division at the Department of Justice (DOJ).
You have a scant month to file original 2017 W-2s or to correct errors on your 2017 W-2s without paying an arm and a leg in penalties.
Performing general Payroll maintenance tasks is essential to your day-to-day operations. It’s also the key to a successful year end.
Under many state wage payment laws, if you pay terminating employees late, you’re also on the hook to them for penalty wages.
You don’t breach any fiduciary duty to employees if you don’t seek a FICA refund on their behalf, and you also don’t tell them to apply to the IRS for their own FICA refund, a federal trial court has ruled.