As 2019 comes to a close, let’s reflect on the hottest topics of the year. From W-4 changes to new overtime thresholds and phishing scams, there’s been a lot to talk about in 2019. Some of this news has come and gone, but there are still plenty of topics generating buzz — and here are a few of them!
When it comes to W-4s, like most people, you probably have a “set-it-and-forget-it” mentality. And that’s understandable. Up until now, there’s a good chance you haven’t needed to update your W-4 unless you’ve had a life-changing event such as getting married or having kids. But since the Tax Cuts and Jobs Act (TCJA) passed in December of 2017, it’s brought about a number of changes that impact the majority of taxpayers. Because of this, the IRS is encouraging everyone to do a “paycheck checkup” to ensure their withholding the right amount from their paychecks. Here, we outline what’s changed, and how you can help your employees. And with the December 4 release of the 2020 W-4, now’s the perfect time to encourage your employees to double-check their withholding.
When you’re a payroll professional or a business owner, there are seemingly endless details to keep track of internally. On top of those, it’s essential to stay on top of industry updates and regulations that affect your business. We’re here to help. We’ve curated a list of the 11 must-have payroll resources, so you have a go-to place to find the information you need.
Understanding the distinction between exempt and non-exempt employees is critical for your business. Employers often have questions between the two, and we’ve got the answers. While there are many differences, the one that affects you the most as an employer is overtime pay. To determine whether your employees are exempt from overtime pay, it’s essential to be clear on the Fair Labor Standards Act (FLSA) regulations. Here, we review those regulations, helping you to distinguish between exempt and non-exempt employees.
With the new year on the horizon, now’s the perfect time to revisit your most frequently asked HSA questions. While HSAs have many benefits, you can’t take advantage of them unless you understand the rules associated with them. To ensure you’re clear on those rules, here are answers to the top ten most-asked HSA questions.
Because of its subtlety, time theft isn’t easily detected, but it’s a billion-dollar problem impacting the majority of U.S. businesses. What is it, exactly? It’s when employees accept pay for time they haven’t actually worked. And while reducing it isn’t always easy, it’s possible if you understand how it happens — and take these steps to prevent it.
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