02/21/2024
Your annual memo to employees explaining the entries on their W-2s shouldn’t be the beginning and end of your outreach to employees. At some point, you will need to communicate various items to employees: new-hire orientation packets, department policies or changes to payroll procedures (e.g., switching pay periods or introducing a new employee self-service platform). Communicating with employees shouldn’t strike fear in your heart.
02/21/2024
There is no substitute for paper receipts to substantiate employees’ business expenses. Expenses entered into a software program aren’t the equivalent of paper receipts, a federal trial court ruled. A couple who relied on tax software to substantiate their business expenses and losses was out of luck and out of money to the U.S. Treasury.
