Payroll

June 2013: Employer’s business tax calendar

05/25/2013

NOTE: Saturdays, Sundays and legal holidays as observed in the District of Columbia are taken into account to determine due dates. Under the federal deposit rules, you’re allowed a deposit shortfall of the greater of $100 or 2% of your tax liability.

ACA regs keep rolling along

05/23/2013

Full implementation of the Affordable Care Act health care reform law is mere months away, which means that the IRS and the Department of Health and Human Services have a lot of work to do in a short period of time. The latest regulations cover the 90-day waiting period for new employees and temporary reinsurance fees.

Special analysis: How to tax and deduct bonuses

05/22/2013

The IRS has confirmed that how you withhold income taxes from supplemental pay, such as bonuses—by using a flat withholding method or aggregating the supplemental pay with other wages—is entirely up to you; employees can’t specify a withholding method.

Uncle Sam wants you! … to properly handle summer military duty

05/21/2013

Employees in the National Guard and Reserve usually serve their two weeks during the summer, but others may be away longer. Here’s what Payroll needs to know to properly handle summer military duty.

State document requirements for employing teens

05/17/2013

State law controls the age at which teens must obtain age certificates, working papers or parental consent letters and how long you must retain those documents. To help you get a handle on this crucial paperwork requirement, here’s a chart summarizing the state laws.

Set up summer hires for their first paychecks

05/17/2013

When summer rolls around, Payroll often takes on a parental role, initiating summer hires into adulthood as they pay taxes for the first time. Make sure your processes are in order so that the summer hiring process runs smoothly.

Keep your cool and vanquish your tough summer pay problems

05/15/2013

It’s summertime soon, and the Payroll living is anything but easy. Every employee wants off at the same time (not gonna happen!). Unpaid interns flood the office … Here’s what you need to know to keep Payroll running smoothly this summer.

Your gift for newlyweds: Fresh HR paperwork

05/14/2013

If you have employees who are getting hitched soon, help them start married life right by getting their HR documents in order. The problem: Brides who take their husbands’ names and couples with hyphenated names suddenly don’t match a host of records.

Failing to pay workers on time may cost you a big penalty

05/09/2013

In Minnesota, employees are supposed to be paid promptly and receive an accounting of their time worked. Failure to comply may mean you’ll have to pay a penalty.

How should we apply the pretax contribution limits for 401(k)s?