All Items: Payroll

  • CFPB Final Regulations Impact Employer Paycard Programs

    Date:
    November 30, 2016

    Under final regulations issued by the Consumer Financial Protection Bureau (CFPB) pertaining to prepaid debit and credit cards, employers that pay wages using paycards will be required to provide employees with additional disclosures as of October 1, 2017.

  • New Pennsylvania Payroll Debit Card Law Contains Many Restrictions

    Date:
    November 16, 2016

    Pennsylvania employers will be permitted to pay employees' wages, salaries, commissions or other payments by payroll debit card under a new law taking effect May 5, 2017.

  • 2017 Retirement Plan COLAs and Fringe Benefit Limitations Issued by IRS

    Date:
    November 1, 2016

    The IRS has released the 2017 cost-of-living adjustments (COLAs) to the dollar limitations on benefits and contributions to qualified retirement and deferred contribution plans.

  • Annual Inflation Adjustments for Fringe Benefits and Income Taxes Released by IRS

    Date:
    October 27, 2016

    The IRS has released Revenue Procedure 2016-55, which provides the annual inflation adjustments to the employer-provided fringe benefit limitations and personal income tax-related amounts.

  • 2017 Social Security Taxable Wage Base Substantially Increased, Benefit COLA and Related Figures Also Up

    Date:
    October 19, 2016

    The Social Security Administration has issued inflation-adjusted figures for 2017, including the Social Security taxable wage base, the earnings tests for retirees who return to work, the quarter of coverage requirement for Social Security benefits, and the cost of living adjustment (COLA) for Social Security benefits.

  • Optional 'High-Low', 'Special' Travel Expense Per Diem Rates Issued for 2016-2017

    Date:
    October 3, 2016

    The IRS has issued Notice 2016-58 listing the 2016-2017 optional 'high-low' federal per diem rates an employer may use to reimburse expenses incurred by employees who travel on business to locations within the Continental US, and the 'special' federal meals and incidental expenses (M&IE) per diem rates that apply to the transportation industry and the incidental-expenses-only rate.

  • New York Paycard and Direct Deposit Final Regulations Impose Many New Employer Requirements, Restrictions

    Date:
    September 29, 2016

    The New York State Department of Labor has issued final regulations governing the use of paycards and direct deposit to pay employees' wages. Although the law in New York already permits employers to pay employees via these two popular wage payment methods, the final regulations provide many new detailed requirements and restrictions. Employers should act now to be sure their procedures, policies and required forms will be in compliance by the March 7, 2017, effective date.

  • Indiana Local Income Tax Reform Effective Soon

    Date:
    September 13, 2016

    The Indiana Department of Revenue has issued guidance regarding changes in the nonresident local income tax rate and the structure of the local income tax rates in general, effective January 1, 2017.

  • New Jersey to Terminate Reciprocal Withholding Agreement With Pennsylvania

    Date:
    September 7, 2016

    On September 2, New Jersey Governor Chris Christie gave 120 days' required notice of intent to end the state's 40-year-old reciprocal income tax withholding agreement with Pennsylvania. If New Jersey follows through, the agreement will terminate at the end of 2016, and will affect employers and employees in both states.

  • Final IRS Regulations Define Marriage in Gender-Neutral Terms

    Date:
    September 6, 2016

    On September 2, the IRS released immediately effective final regulations that define the term "spouse" in a gender-neutral manner under federal law. The regulations follow up on two Supreme Court decisions that have recognized same-sex marriage at the federal and state levels since 2013.

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News: HR and legal considerations for employers regarding payroll.