03/09/2015
Congress’ last-minute and retroactive reinstatement of parity between mass transit benefits and employer-provided parking—to $250 a month for both, for 2014 only—is no favor to Payroll. If you allowed employees to defer more than $130 for mass transit benefits last year on an after-tax basis, or paid out of the company’s coffers, they and you are due FICA refunds on the difference—up to $120 a month.
03/06/2015
Retail giant Walmart has announced it will raise its minimum wage to $9 an hour, and vowed that by February 2016, 500,000 of its employees will be earning at least $10 per hour.