Overview: A growing employer trend over the past several years has been to integrate payroll within the HR department. So, now more than ever, HR managers need to understand all the complex issues and requirements involved in payroll tax law compliance in order to effectively oversee payroll processing and ultimately avoid costly penalties. This involves managing the following tasks, among many others:
Trends: The following are just a few of the important issues currently impacting payroll:
Author: Rena Pirsos, JD, Legal Editor
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.
Updated to include the forthcoming addition of final paycard and direct deposit regulations.
Updated to include the standard UIFSA interstate child support order compliance requirements, and forthcoming amendments to the rules regarding voluntary wage assignments.
Updated to reflect new paycard law, effective October 1, 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.
HR and legal considerations for employers regarding payroll.