Payroll Today

Ah, the beach. Or maybe you’re a lake and mountain person.

Wrinkle: Employees are still going to need to be paid while you’re gone, which means some advance planning is required.

Here’s our list of key tasks.

The American Payroll Association’s 36th Annual Congress, held this year outside Washington, D.C., just concluded. Here are some parting thoughts.

The fact is, you may never know who’s been snooping around your files. It may be a temp who wasn’t properly vetted or a vendor, such as an electronic W-2 vendor, stressed Cindy Cichosz, CPP, Supervisor, Payroll, Shared Services, for Veolia, North America. Cichosz walked APA attendees through the basics of identity theft, how to minimize its occurrence, and how to respond to it.

Those giant thunderstorms, which hit the East Coast Tuesday night, grounded IRS rep Anita Bartels’ flight from Orlando. So Pete Isberg, VP of Government Relations at ADP, provided attendees at the American Payroll Association’s Annual Congress with some insight into such hot-button issues as the ongoing saga of tax reform and the Affordable Care Act.

There are now more employees who are millennials and Generation Z-ers than baby boomers—and using paycards can be an effective strategy for recruiting them, according to George Mavrantzas, VP, Special Projects at Global Cash Card.

Mavrantzas spoke at the American Payroll Association’s 36th Annual Congress, which is being held this year at National Harbor, Md., outside Washington, D.C.

It sounds like a joke, but it’s not: What do you get when you throw two corporate income tax rates into a blender? The answer, according to recent IRS guidance, is the corporate tax rate that fiscal year corporations pay for 2018.

On second thought, no. Ever since the IRS’ midyear reduction to the maximum health savings account contribution, to $6,850, from $6,900, employees, employers and HSA custodians have been clamoring for guidance on what to do with that extra $50, plus earnings.

It’s no secret that employees use their phones, tablets and other electronic devices to perform work after hours. That creates all sorts of problems with employee burnout in general.

4/18/18 Update:

The IRS’ computer systems went back on line a little before 5:00 p.m. yesterday.

I don’t know about you, but I try to never leave free money on the table. But about one million taxpayers who don’t file their 2014 1040s by April 17, 2018, will be doing just that. That’s a lot of people. Some of them may be your employees.