PAYROLL

Download this guide to 2015 state direct deposit and paycard laws

04/17/2015
States usually require that employees voluntarily participate in electronic pay programs. This chart summarizes the states’ direct deposit/paycard rules. “Mandatory” means that a state allows you to make e-payment a condition of employment, if you choose. States that don’t have laws aren’t included.

As military-leave season nears, plan now for reservists' absence

04/17/2015
Summer is usually when employees who belong to the National Guard and military Reserves give their two weeks of duty to Uncle Sam. Some military-connected employees may be deployed for longer periods of time. Now is the time to prepare for their absence.

FICA refunds available for same-sex married couples

04/14/2015
The IRS will allow couples whose same-sex domestic arrangements were retroactively classified as marriages, and their employers, to apply for FICA refunds.

Status report: Forms 941 migration to MeF platform

04/13/2015
Your first-quarter 2015 Form 941 is due by the end of this month. If you e-file, the IRS has some important news for you: It is permanently retiring its two current e-filing options—the 94x E-file Program Method or the PIN-based 94x Online E-file Program Method—now called legacy systems, by the end of this year. In their place, the IRS is shifting all payroll returns to its Modernized e-File platform, or MeF.

IRS drives the final nail into Quality Stores

04/10/2015
The IRS has announced that it is disallowing all protective FICA refund claims related to the U.S. Supreme Court’s 2014 decision in U.S. v. Quality Stores.

Regulatory alert: Paycards and MyIRA

04/07/2015
Federal agencies have been busy adding to their regulatory agenda. Here’s the latest news from the regulations front.

What are the penalties for bounced paychecks?

04/06/2015
Q. What happens if I miss a payday or my employees’ paychecks bounce when they attempt to deposit or cash them?

Tab on $147 in unclaimed wages: Almost $1.4 million

04/06/2015
Delaware is attempting to collect almost $1.4 million from a Tennessee company that failed to properly direct a single unclaimed paycheck worth all of $147 into the state coffers.

Time to get to work on health care reporting forms

04/03/2015
All large employers, even those that offer no health insurance and those that are eligible for transition relief this year, can begin to collect the information needed to complete Forms 1095-C/1094-C.

For payroll, Form 941 makes April the cruelest month

04/02/2015
Payroll managers know this sentiment well, since the first-quarter Form 941 is due at the end of the month. Here are some tips for completing 941 forms.

Consider adding credit union to benefit roster

04/02/2015
A credit union in New York City has begun an aggressive push to improve the fiscal well-being of workers whose employers offer credit union membership as an employee benefit.

April 2015: Employer's business tax calendar

03/31/2015
Here's your monthly guide to critical payroll due dates.

Timely filing requires a USPS stamp of approval

03/27/2015
Why trudge down to the post office for stamps, lease a pricey postage machine or use a private delivery service like FedEx, when you can get the same postage by downloading software to your computer? There is a difference, according to the Tax Court, which ruled that a petition mailed with downloaded postage wasn’t timely filed.

DOL issues standards for locating missing employees

03/25/2015

The IRS and the Social Security Administration used to have letter forwarding services you could use to find employees who terminated with unclaimed wages or money in their 401(k) or other retirement accounts. Bowing to new technologies, both agencies discontinued their services. The Department of Labor has now specified the reasonable steps you must take to find missing 401(k) plan participants.

What goes in a proper wage statement?

03/23/2015
Q. During the last pay period, after my California employees received their paychecks, a few of them asked me where the wage statement was. What information am I required to include in this statement?
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