by chris | Jun 18, 2018 | Business Tips, FLSA, Payroll
Nonprofit payroll processing can be challenging, as it requires dealing with special provisions of the Fair Labor Standards Act (FLSA), which is administered by the Department of Labor (DOL), and the federal tax code, which is governed by the IRS. FLSA Coverage for...
by chris | Jun 18, 2018 | Business Tips, Payroll, Taxes
Deductions Taken Before Taxes Pretax deductions are subtracted from employees’ wages before taxes are taken out, thereby lowering their taxable wages and increasing their take-home pay. For deductions to be eligible for pretax status, the employer must have an...
by chris | Jun 11, 2018 | Payroll, Taxes
The Internal Revenue Service aggressively collects delinquent payroll taxes, and it has the authority to do just about anything to collect them. Here are five of the most aggressive tactics the agency uses. Shut you down. The IRS can lock your doors and shut down your...
by chris | Jun 11, 2018 | FLSA, Human Resources, Payroll, Taxes
The Fair Labor Standards Act (FLSA) sets guidelines for classifying exempt employees vs. nonexempt under federal law. Exempt means that the employee is excluded from the Act’s overtime pay provisions and therefore does not have to be paid overtime for work hours...
by chris | Jun 5, 2018 | Business Tips, Hospitality, Payroll
The new Federal rule that could broaden tip pooling to different employees does NOT apply to any business that takes a tip credit of any size, like a restaurant. If you are not paying your tipped employees the full minimum wage, then you are taking a tip credit. The...
by chris | May 28, 2018 | Business Tips, Payroll
Weekly, monthly, quarterly — how often should you pay your employees? The answer varies, but the good news is that you can set your own wage payment schedule. The law says, however, that your payment schedule must be consistent. You can’t pay your employees...
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