Know the Rules on Unemployment Claims Unemployment benefits are provided through a federal-state unemployment program. It is funded largely by federal and state taxes imposed on employers. The Internal Revenue Service enforces federal unemployment tax laws. The state unemployment agency oversees state unemployment tax as well as the determination and disbursement of unemployment benefits. WhenContinue reading “Know the Rules on Unemployment Claims”
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7 Key Aspects of Payroll Compliance
7 Key Aspects of Payroll Compliance 1. Federal wage and hour laws The Fair Labor Standards Act (FLSA) sets the federal wages and hour standards which are administered by the U.S. Department of Labor. These standards cover: Federal minimum wage. Overtime pay and exemptions. Work hours, including meals and rest breaks. Child labor, including permissibleContinue reading “7 Key Aspects of Payroll Compliance”
5 Common Payroll Mistakes to Avoid
5 Common Payroll Mistakes to Avoid The ramifications of payroll mistakes emanate from external and internal sources. Externally, the government can levy fines and penalties for payroll non-compliance. Internally, employees tend to become seriously concerned when an error shows up on their paycheck. There are many possible reasons for these mistakes, but the following fiveContinue reading “5 Common Payroll Mistakes to Avoid”
Rethink Your Paid-Leave Policies
Rethink Your Paid-Leave Policies In these difficult times, the narrative surrounding employee leave has taken a major turn, with paid leave becoming the dominant theme. Click through to see why it’s time to reassess your paid-leave policies. For most employers, paid leave is a core benefit due to its essential role in attracting and recruitingContinue reading “Rethink Your Paid-Leave Policies”
Home Office Deductions: A Refresher on the Rules
Home Office Deductions: A Refresher on the Rules The Internal Revenue Code (IRC) allows taxpayers to claim a business deduction for expenses arising from the qualified use of all or part of a residence, as long as certain conditions are met. This deduction can be a particularly attractive tax planning tool for those who meetContinue reading “Home Office Deductions: A Refresher on the Rules”
A Glossary of Payroll Terms
A Glossary of Payroll Terms Regardless of your level of involvement in payroll, there are certain terms that you should know. Click through for a roundup of words that are commonly used in the payroll industry. After-tax deductions These deductions are subtracted from employees’ wages after pretax deductions and payroll taxes have been taken out.Continue reading “A Glossary of Payroll Terms”
RFP: What Is It and How To Conduct One Remotely
Learn how to conduct a remote RFP during the COVID-19 pandemic. Discover how B&A can transform you business operations by selecting, implementing and optimizing a modern Payroll or HCM software.
Pennsylvania Overtime Rule Summary
Pennsylvania Overtime Rule Summary As of January 1, 2021, Pennsylvania will update the salary thresholds to reflect the current wages paid to Pennsylvanians in executive, administrative and professional occupations and updates the duties tests for these occupations.
Connecticut Compliance Change (CT Public Act 19-25) Updates
On January 1, 2021, the Medical Law takes effect in Connecticut. The State Administered Insurance Program allows eligible employees to receive partial wages when they have medical or any other emergencies as part of Paid Family and Medical Leave. The program endowment will be made from the employee’s contribution, not their employer. As of January 1, 2022, eligible employees with a full working year contribution may request claims for the State wage benefits.
YE Checklist 2020
Download a copy of our Mini Year End Checklist to ensure success and ease for your organization Download Now As payroll and tax provisions continue to evolve due to the implications of the coronavirus (COVID-19), project planning grows increasingly important. Proper planning can ensure success and ease for your organization. Download our mini year-end projectContinue reading “YE Checklist 2020”