Payroll Today

You’ve done your due diligence in response to the final Fair Labor Standards Act regulations raising the weekly salary employees must earn to $684 a week (up from $455) to be considered exempt from overtime pay. Now comes the hard part: training their managers in the FLSA’s finer points.
The amount employees can contribution into their 401(k) or 403(b) accounts increases by $500, to $19,500 for 2020, the IRS announced.
Now is the perfect time to think about the impending year-end season. Here’s some help to get you on your way.
Before a revenue officer knocks on your door, make sure you’ve answered Yes to these compliance check questions (Question 13 may be the exception).
It’s crunch time for your 2020 payroll processes and lots of folks still have trouble digesting the monumental changes to the W-4 and the withholding processes. We’re here to help.
Let’s face it, most people are easy marks. We have gathered up the scams we’ve encountered recently and hope you’ll pass this information onto your employees.
The Social Security Administration has announced that the 2020 taxable wage base for the Social Security portion of FICA increases to $137,700.
The Tax Cuts and Jobs Act changed the calculus by disallowing corporate deductions for expenses employees incur to entertain clients, customers, etc. That’s why we were intrigued by an idea purporting to allow you to skirt the Tax Cuts and Jobs Act’s 100% corporate deduction disallowance for your company’s entertainment expenses.
The most important thing you can do to guarantee as smooth a year-end as possible is to ensure that your wages and taxes reconcile and balance before you file your fourth quarter Form 941 and W-2s. The second most important thing is to ensure that your computers are secure.
For the first time in more than 15 years, employees exempt from the Fair Labor Standards Act will be getting a statutory raise.