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...