All Items: Payroll

  • Paid Sick Leave Expanding Into Los Angeles and Chicago

    April 27, 2016

    Los Angeles and Chicago employers may need to comply with new sets of paid sick leave rules based on proposed amendments to local minimum wage ordinances - perhaps as early as this summer.

  • Oregon Tightens Pay Statement Requirements to Help Deter Wage Theft

    April 11, 2016

    A new Oregon law will require an employer to include some additional information on employees' pay statements than is currently required, starting January 1, 2017. The new law aims to deter wage theft by codifying and tightening up the pay statement requirements that were previously found only in the Oregon Administrative Rules.

  • Form W-2 Cybercriminals Target HR and Payroll

    March 1, 2016

    HR and payroll professionals are falling prey to a current phishing scheme that lures them to respond to emails purportedly sent by company executives requesting private employee information, the IRS warned today. The scam tricks those in HR and payroll into emailing private employee data, such as Forms W-2 containing employees' Social Security Numbers (SSNs) and other personally identifiable information to cybercriminals.

  • Illinois Narrows 'Disqualifying Misconduct' for Unemployment Insurance Benefits Claims Purposes

    February 11, 2016

    A recent amendment to Illinois law and an Illinois Supreme Court ruling have clarified the meaning of "misconduct" that disqualifies a former employee from collecting unemployment insurance (UI) benefits. While both the new law and the ruling provide needed guidance, employers in the state may find it harder to fight a benefit claim on this basis if they do not have specific policies in place.

  • IRS Issues Guidance on Retroactive Increase in Excludable Transit Benefits

    January 12, 2016

    In Notice 2016-06, the IRS provides correction procedures for fourth quarter Forms 941 and Forms W-2, in light of the retroactive increase in the 2015 monthly transit benefit limit under the PATH Act of 2015.

  • Omnibus Tax, Spending Bill Impacts Payroll Administration

    December 22, 2015

    President Obama has signed an omnibus appropriations bill (H.R. 2029) that will significantly impact payroll operations. The Protecting Americans From Tax Hikes Act of 2015 (PATH Act), which represents half of the bill, permanently extends parity between qualified (tax-free) employer-provided parking and commuter benefits and substantially revises the rules for filing Forms W-2, Wage and Tax Statement, and 1099-MISC, Miscellaneous Income. The Consolidated Appropriations Act of 2016, which is the other half of the omnibus bill, amends the Affordable Care Act.

  • 2016 Federal Percentage Method Withholding Tables Released by IRS

    December 8, 2015

    The IRS has released advance copies of the federal percentage method withholding tables effective for wages paid in 2016. The withholding allowance amounts by payroll period have changed from the 2015 amounts.

  • 2016 Pension Plan Limits, 401(k) Deferral Limit Unchanged

    October 22, 2015

    The Internal Revenue Service (IRS) has announced the tax year 2016 cost-of-living adjustments affecting dollar limitations on benefits and contributions under qualified retirement plans and other inflation-adjusted amounts. The pension plan limitations will not change for 2016 because the increase in the cost-of-living index did not meet the statutory thresholds that trigger their adjustment

  • IRS Announces 2016 Inflation Adjustments to Fringe Benefits, Increase in Qualified Parking Benefit Amount

    October 22, 2015

    The IRS has announced the 2016 annual cost-of-living adjustments made to several employee benefits and taxable amounts, based on changes to the Consumer Price Index. These are the maximum amounts that may be excluded in 2016 from an employee's taxable income for specific benefits.

  • Social Security Wage Base, FICA Tax Rates Unchanged For 2016

    October 19, 2015

    The Social Security Administration (SSA) has announced that the Social Security taxable wage base will not be adjusted for inflation and will remain $118,500 for 2016. Accordingly, FICA tax rates will also stay the same.

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News: HR and legal considerations for employers regarding payroll.