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 2015!
Author: Rena Pirsos, JD, Legal Editor
Updated to include important new information on automatic Form W-2 filing extensions, effective July 1, 2016.
Updated to include information on amended creditor garnishment withholding limits, effective July 1, 2016.
HR departments should get ready now to comply with a wide variety of employment law requirements that are changing on July 1. Depending on the employer's presence in various jurisdictions, a number of workplace practices may be affected by legislative changes, ranging from employment contracts to payroll.
Updated to reflect forthcoming requirements for seasonal employers.
Updated to reflect the forthcoming medical marijuana law.
Updated to include information on the forthcoming introduction of garnishment of independent contractor earnings.
A new law taking effect in Connecticut on October 1 will allow employers the convenience of paying employees by payroll card. Previously, this method of wage payment was not permitted, and employers in the state could pay employees only in cash, by check or direct deposit.
The IRS has released a Chief Counsel Advice Memorandum discussing the tax treatment of wellness program benefits and employer reimbursement of premiums provided on a pretax basis under a § 125 cafeteria plan (under the Internal Revenue Code - IRC).
Updated to include important new requirements regarding lump-sum payments to be made to employees subject to a child support withholding order.
HR and legal considerations for employers regarding payroll.