New DOL Rule Means Major Changes in Overtime Policies

New DOL Rule Means Major Changes in Overtime Policies   Employers, it’s here: The DOL has finalized the rule to increase the salary floor for workers to be eligible for overtime pay when working more than 40 hours a week. Since 2004, that threshold was...

ACA E-filing Details Emerge

Details have begun to emerge about electronic filing (e-filing) of Forms 1094 and 1095 information returns required under the ACA’s shared-responsibility (or “play or pay”) provision. (See main article.) Mandatory filings are required in the first...

ACA Employer Requirements

Except for in very small companies, payroll, human resources and employee benefits are generally handled by separate offices. However, compliance with the Affordable Care Act (ACA) and the need to file certain forms may make it necessary for the three functions to...

Employee Exemptions

Is an Employee Exempt From Federal Withholding? When an employee asks you, “Am I exempt from federal withholding?” here are some points to keep in mind when determining employee exemptions: Did the employee have a tax liability in the previous year? If he...