You want to reward employee performance, but you also don't want to create tax issues. Click through for some advice on how to manage taxes when you give your employees bonuses.
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The federal overtime provisions contained in the Fair Labor Standards Act say that unless an employee covered by the FLSA is exempt, they receive overtime pay when they work more than 40 hours in a workweek.
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Learn that failure to report to the IRS the smallest of employee compensation could result in penalties and tax liabilities.
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The DOL issued a new rule that is going to make many more employees eligible for overtime. Read about the important changes that may affect your payroll.
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Remember four years ago when you dealt with a leap year’s impact on payroll? If not, here’s a refresher.
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Recordkeeping is arguably the backbone of any efficient payroll management system. For instance, the smallest of numerical mismatches result in major and subsequent errors, including misclassifications, payment delays and improper tax filings.
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For employers with employees in multiple states, keeping up with numerous minimum wage rate changes can be a daunting task. Here's an overview of the changes taking place this year.
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In an S corporation, there may be a thin line between an employee and an owner — but there's a line nonetheless. Click through to avoid violating a serious rule when parsing the tax differences between "owner" and "employee."
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In the waning days of 2022, President Biden signed a bill that improves the retirement situation for a wide range of Americans. Click through for a first look at these changes, which affect almost every worker and the companies that employ them.
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The Social Security Administration is giving recipients a big bump but is also raising the income threshold for taxation. How does this change your situation?
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You may have been advised to check your tax withholdings at least once a year. But if you've had job or family changes, you may want to do it more frequently.
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This annual notice provides the rates for taxpayers to use in substantiating the amount of ordinary and necessary business expenses incurred while traveling away from home. See how this may affect you.
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The IRS has announced increases in the amounts individuals can put away in 401(k) and IRAs. See how this may affect your retirement savings strategy.
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Defined benefit plans offer guaranteed retirement benefits for employees. How do these time-honored plans work? Read about the advantages, disadvantages, and tax considerations for employers and employees.
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The "spread of hours" rule essentially gives New York employees a one-hour bonus in certain kinds of shift work. Who's entitled to it and when? Click through for the details on this important payroll rule.
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There's a lot to think about before taking your company public. Don't consider going public unless all or most of the following are true.
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Now is a good time to check to make sure you're up on the rules. If you do not file Form IT-2104, your employer may use zero as your number of allowances.
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With the end of the year in sight, the IRS has announced inflation adjustments taking effect in the new year.
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Bonuses are one of the best ways to motivate employees. But to actually work, a bonus program must be thoughtfully designed. Click through to learn about the characteristics of an effective program.
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In a rare variation from typical U.S. employment policy, New York City effectively ends at-will employment for fast-food workers. Click through for an overview of what this law means for companies and employees.
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