Payroll

The IRS generally frowns on 401(k) plans that allow employees to take out loans. And it has come down like a hammer when employees whose accounts hold more than $100,000 in vested benefits take out multiple loans during the same year.

California is the last state standing from the 2008 economic downturn to be liable for a FUTA reduction, since it has yet to repay loans it took out to shore up its unemployment trust fund.

There’s one overriding concern you need to worry about as year-end approaches—stopping scammers from getting into your payroll records. And scammers have become increasingly sophisticated, as last summer’s ransomware attacks have shown.