Payroll

Never mind a recession: CFOs say they’re budgeting for higher payrolls

02/07/2023

Almost all chief financial officers surveyed by the Gartner business advisory firm say their organizations plan to spend more on employee compensation this year. A full 86% said they plan to raise their compensation spending by at least 3% year-over-year.

First Friday in February: The end of the pandemic emergencies, DOL keeps getting into trouble and more

02/03/2023

The end of the national pandemic emergency, challenges to DOL regulations and more.

Five items Payroll needs to address this year

01/05/2023

We wish we had a crystal ball, but we don’t. Nevertheless, 2023 is looking like another challenging year for Payroll. Here are five items we see coming this year.

SECURE Act 2.0: So nice Congress did it twice

01/03/2023

The last act of the 117th Congress was to pass the Consolidated Appropriations Act, 2023. Tucked not-so-deep into the CAA is the SECURE 2.0 Act of 2022—90+ provisions focused on 401(k) and other retirement plans. SECURE 2.0 builds on what we can now call SECURE 1.0, which was enacted in 2019.

Labeling a fund “ESG” doesn’t make it an ESG fund, SEC charges

12/20/2022

The Securities and Exchange Commission charged an investment adviser’s subsidiary with violating the Investment Advisers Act for failing to implement written policies and procedures for the selection of environmental, social and governance investments.

Pay for abortion travel & pregnancy laws

11/01/2022

A law firm is asking the EEOC to investigate the commission’s former general counsel for “misleading and intimidating” employers who subsidize travel for women seeking abortions.

Policy can end pay for unused vacation days

10/25/2022

You cannot withhold unused vacation pay, but there’s a way to get employees to forfeit unused vacation days.

How secure is your 401(k) plan?

10/03/2022

We think cyber/cloud/computer security is an everyday concern because bad things usually happen when it’s not. The IRS is so concerned about security, it’s highlighting it all this month in what it declares Cybersecurity Awareness Month.

Last Friday in September: Possible monkey wrench for student loan forgiveness, higher per diems and more

09/30/2022

Two lawsuits have against student loan forgiveness, high-low per diem rates for 2023 and more.

Oops: Honda overpays bonuses, employees need to return the cash

09/29/2022

Imagine being a worker at the Honda plant in Marysville, Ohio, where some employees were overpaid bonuses, then asked to return the extra cash. This could easily turn into an HR and Payroll nightmare for any company that finds itself in this situation.