IRS Issues Draft of New Form W-4

As expected, the IRS has published a draft of a radically revised Form W-4, Employee’s Withholding Allowance Certificate. The agency emphasizes this is just a preliminary version, and until further notice, everyone should continue to use the current version....

How to Calculate Retroactive Pay

Retroactive, or retro, pay is money due to an employee for work already performed but paid at a lower rate. Most commonly, it is linked to late performance appraisals, in which the employee received a pay increase that took effect in a prior pay period.Employees who...

Breaking Down Employee Breaks

Under the Fair Labor Standards Act, employers generally do not have to provide short breaks or lunch periods to employees. However, the Act places restrictions on employers who choose to provide them. The FLSA also has guidelines for dealing with sleep time and...

How to Work With OSHA After an Accident

The Occupational Safety and Health Administration requires most employers with 10 or more full-time employees to log all reportable work-related illnesses and injuries. This information should be recorded on OSHA Form 300: Log of Work-Related Injuries and...

Which Employees Are Exempt From Tax Withholding?

Tax withholding is a seemingly inevitable part of working, but there are exceptions, as shown by the following information about employees exempt from withholding.Student employeesGenerally, individuals employed by a school, college or university where they are also...