by Faith Baker | Jun 11, 2019 | Human Resources, Payroll, Taxes
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....
by Faith Baker | May 28, 2019 | Payroll
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...
by Hillary Dow | May 6, 2019 | Human Resources, Payroll
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...
by Hillary Dow | Apr 9, 2019 | Business Tips, Payroll, Taxes
A lookback period is the length of time that the IRS uses to measure the amount of taxes paid by an employer. The lookback period also helps the employer determine its deposit schedule.Payroll Taxes, Filings and Lookback PeriodsEmployers must withhold federal income...
by Hillary Dow | Apr 9, 2019 | Business Tips, Payroll
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...
by Hillary Dow | Apr 9, 2019 | Payroll, Taxes
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...
