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
In-depth review of the spectrum of North Carolina employment law requirements HR must follow with respect to legally required benefits.
In-depth review of the spectrum of South Carolina employment law requirements HR must follow with respect to legally required benefits.
A federal district court ruled that Alabama's same-sex marriage ban is unconstitutional. Same-sex marriages may proceed while the state appeals.
Illinois employers that provide paid vacation or paid time off (PTO) are required by state law to pay employees for accrued but unused vacation days or PTO upon termination of employment and should consider including this model policy statement in their handbook.
The IRS has issued a proposed Revenue Procedure that provides employer guidance on employee consents used to support FICA (Social Security and Medicare) tax overpayment refund claims, excluding overpayments of Additional Medicare Tax.
Despite the DOMA decision handed down by the Supreme Court in Windsor, state laws still vary greatly regarding both the recognition of same-sex marriage and the taxation of benefits provided to an employee's same-sex spouse by an employer. This Quick Reference chart summarizes federal and state law regarding whether same-sex marriages, civil unions and/or domestic partnerships are recognized, and whether the value of benefits provided by an employer to an employee's same-sex spouse or civil union or domestic partner is taxable. This chart will be updated when any changes in these laws occur.
In-depth review of the spectrum of Alabama employment law requirements HR must follow with respect to taxation of employee benefits.
Rhode Island employers that provide paid vacation or paid time off (PTO) are required by state law to pay for accrued but unused vacation or PTO upon termination of employment for employees that have completed one year of service and should consider including this model policy statement as needed in their handbook.
The IRS has released the final instructions to Forms 1094-C and 1095-C and Forms 1094-B and 1095-B. Employers are required to complete and file the forms with the IRS to report on their employee health care coverage, as required by the Affordable Care Act (ACA) and Internal Revenue Code § 6055 and § 6056.
The IRS has issued guidance explaining how it will apply the Supreme Court's decision in United States v. Quality Stores, Inc. to claims for refund of employment taxes paid on severance payments.
HR and legal considerations for employers regarding payroll.