Payroll

You’re in the Army now! How to pay military employees

06/07/2015

Employees who are in the National Guard and Reserves usually serve their two weeks during the summer. Here’s what you need to know.

Watch the clock when hiring teens this summer

05/30/2015

If you’re planning on hiring teenagers this summer, remember that the Fair Labor Standards Act has strict rules regarding the jobs and hours teens may work.

June 2015: Employer’s business tax calendar

05/29/2015

Here’s your monthly guide to critical payroll due dates.

IRS firms up consent rules for FICA refunds

05/27/2015

The IRS has issued a final revenue procedure that covers how to obtain employees’ consent before you refund overwithheld FICA taxes to them.

Court: Employee’s beef is with the IRS, not her employer

05/24/2015

A federal trial court has ruled that an employee who sued her employer, alleging that the employer’s share of FICA and FUTA were wrongfully withheld from her pay, had to instead file a refund claim with the IRS for those amounts. If the refund claim is denied, she can sue the IRS for her money, the court concluded.

Can an employee opt out of withholding on a bonus?

05/23/2015

Q: It’s likely that later this year, one employee will receive a bonus that will boost his supplemental pay to more than $1 million. In anticipation of that, his accountant has informed us that we don’t need to withhold federal income taxes at the 39.6% rate; the employee will pay the tax on his 2015 Form 1040, instead. Is that right—it sounds fishy to us?

What do we do when an employee pays back a signing bonus?

05/22/2015

Q: A new employee received a signing bonus last November, which he had to repay if he left the company within two years. He did leave, and now we don’t know what to do. Do we need to amend his 2014 W-2 form? What documentation must we collect from him?

State document requirements for employing teens

05/20/2015

Federal law sets the ground rules for employing teens, but state law controls the age at which they must obtain age certificates, working papers or parental consent letters and how long you must retain those documents. This information is summarized in this chart.

How does the Paid Sick Leave Law affect the information that must appear on paystubs?

05/20/2015

Q. We are trying to comply with California’s new paid sick leave law, but we are not sure what exactly needs to be included on the paystub.

Final regs clarify criteria for wraparound plans

05/18/2015

Final regulations include as an excepted benefit limited wraparound coverage—coverage that supplements, or wraps around, individual nongrandfathered health policies by providing additional benefits to part-time employees and retirees and doesn’t consist solely of cost-sharing subsidies.