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 that will have an impact on payroll in 2014!
Author: Rena Pirsos, JD, Legal Editor
All states have issued their 2015 unemployment and disability insurance taxable wage bases and other related amounts.
In-depth review of the spectrum of Nebraska employment law requirements HR must follow in respect to payment of wages
In-depth review of the spectrum of Illinois employment law requirements HR must follow with respect to withholding taxes.
In-depth review of the spectrum of Maine employment law requirements HR must follow with respect to unemployment insurance tax (FUTA/SUTA).
In-depth review of the spectrum of Maine employment law requirements HR must follow with respect to depositing and reporting withheld taxes.
In-depth review of the spectrum of Missouri employment law requirements HR must follow with respect to involuntary and voluntary pay deductions.
The IRS has released the 2015 optional standard mileage rates employers may use to calculate the deductible cost of operating a vehicle for business, charitable and medical or moving purposes.
Nebraska employers seeking to inform employees that they will receive pay for vacation or PTO upon termination of employment should consider including this model policy statement in their handbook.
As mandated by the California Employment Development Department, all California employers must provide DE 35 to new hires and current employees if their W-4 or DE-4 meets certain conditions.
Most employers pay state unemployment insurance contributions based on the wages they pay to their employees, up to an annual state taxable wage base. This chart provides employers with each state's 2015 unemployment and disability insurance (if applicable) taxable wage base.
HR and legal considerations for employers regarding payroll.