All Items: Payroll

  • DOL Issues Opinion Letters on Rest Breaks, Travel Time and Garnishments

    April 17, 2018

    The US Department of Labor opined about how to ascertain travel time by employees without regular working hours, whether frequent rest breaks required by a "serious health condition" are compensable, and which types of lump-sum payments are "earnings" subject to garnishment limits.

  • New Scams Target Employees' Payroll Direct Deposits

    February 12, 2018

    The FBI is warning employers of new email phishing scams targeting employees to gain access to their direct deposit information on the company's self-service payroll platform. Once the fraudsters obtain an employee's payroll portal credentials, the employee's direct deposits are rerouted to the scammer's bank account.

  • IRS Renews Warning of Form W-2 Scams Targeting HR and Payroll

    January 31, 2018

    The IRS is again warning about an email scam that seeks to trick HR and payroll professionals into providing employees' Forms W-2 containing their personal identifying information. When cyber criminals obtain this identifying information, they use it to file fraudulent tax returns to obtain tax refunds.

  • IRS Issues Highly Anticipated Form W-4 Guidance in Wake of Tax Reform

    January 29, 2018

    The IRS has published Notice 2018-14, providing much needed guidance on Form W-4 due to the significant changes made by the recent tax reform law.

  • 2018 Withholding Tables Reflect Tax Reform Law

    January 16, 2018

    The IRS issued the 2018 income tax withholding tables reflecting the changes in the tax rates and brackets, the repeal of personal deductions and the increase in the standard deduction made by the tax reform law enacted by President Donald Trump in December, 2017.

  • Massive Tax Reform Legislation Will Have Drastic Impact on Employers

    December 4, 2017

    On Saturday, the Senate passed its version of historic, sweeping tax reform legislation known as the Tax Cuts and Jobs Act (H.R. 1). The massive, 500-page bill will have a drastic effect on the employment tax treatment of many core employee benefits starting January 1, 2018.

  • 2018 § 401(k) and Other Retirement Plan Limits Increase, Fringe Benefit Limits Adjusted

    October 24, 2017

    The IRS has released the 2018 cost-of-living adjustments (COLAs) to the dollar limitations on benefits and contributions to qualified retirement and deferred contribution plans, such as ยง 401(k) plans, and the inflation-adjusted fringe benefit limitations.

  • 2018 Social Security Taxable Wage Base Inches Up, Benefit COLAs Up More

    October 17, 2017

    The Social Security Administration has issued inflation-adjusted figures for 2018, including the Social Security taxable wage base, the earnings tests for retirees who return to work, and the Social Security benefits quarter-of-coverage requirement and cost of living adjustment (COLA).

  • IRS Issues Optional "High-Low," "Special" Per Diem Rates for 2017-2018

    September 28, 2017

    The IRS has issued the "high-low" and "special" federal per diem rates effective for business travel undertaken on or after October 1, 2017, through September 30, 2018.

  • IRS Permits Tax-Exempt Leave-Based Donations to Aid Hurricane Harvey Relief Effort

    September 7, 2017

    The IRS has announced that it will permit employers to set up tax-favored leave-based donation programs to aid victims of Hurricane Harvey. Under such programs, employees can donate some of their accrued vacation, sick or personal leave in exchange for cash payments their employer makes to qualified charitable organizations.

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News: HR and legal considerations for employers regarding payroll.