Repaying Deferred Payroll Taxes

Repaying Deferred Payroll Taxes

IRS Notice 2020-65 allowed employers to defer withholding and payment of the employee’s Social Security taxes. This deferral applied to those with less than $4,000 in wages every two weeks, or an equivalent amount for other pay periods. It was optional for most employers, although mandatory for federal employees and military service members.  It’s time … Read more

Rethinking Your Employee Benefits Strategy

Rethinking Your Employee Benefits Strategy

In the past, as long as you provided health insurance and retirement benefits, your benefits were considered competitive. Now, the pressure is on employers to supply more diverse options. Employee-friendly startups keep getting more creative with their benefits packages. Further, the federal government, states and localities are mandating more employee benefits than ever. Consequently, it’s … Read more

Hiring in a New Era

Hiring in a New Era

As you create your company’s hiring plan for a post-pandemic world, you need to adapt to a new reality. To begin with, you will need to consider these trends: Talent shortage. There is an ongoing talent shortage in many industries, making the hiring landscape more competitive than ever before. Businesses need to assess what new … Read more

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 federal wage 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 permissible occupations and work hours. Recordkeeping for nonexempt … Read more

Employment Records Retention: What Are the Federal Laws?

Employment Records Retention: What Are the Federal Laws?

How long do you have to keep records? There’s no one answer. However, we’ve summarized some of the most common federal laws relevant to employment record keeping. Note that applicability may vary by employer size Title VII of the Civil Rights Act of 1964 Resumes. Job applications. Job advertisements and postings. Interview notes. Preemployment screening … Read more

Can Employers Mandate Vaccinations?

Can Employers Mandate Vaccinations?

Can an employer require its employees to get vaccinated against COVID-19? It’s a simple question, but one that does not have an easy answer. In brief, companies can make vaccinations an employment requirement, but there are subtleties involved, and a disability can create an exception. The Equal Opportunity Employment Commission has provided some guidance in a … Read more

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