Online Payroll Services: What They Are And Why You Need Them As a business owner, you are responsible for…well…everything. No matter what the size and scope of your corporate operations, as the organization's leader, tasks both large and small will fall to you to ensure that everything in your company continues to run smoothly and without interruption. While there are many responsibilities that you must tend to, it's important to designate tasks that can be outsourced for the betterment of your business. One key solution that business owners in every industry can utilize: Online payroll services. Understanding The Benefits Of Online Payroll Services Online payroll services offer an auto
Archive for February, 2015
Wisconsin The U.S. Department of Labor's Wage and Hour Division (WHD) and the state Department of Workforce Development have signed a memorandum of understanding to reduce the misclassification of employees as independent contractors. The agencies will work together to prevent, detect, and remedy employee misclassification. The WHD has similar agreements with 18 other states.
New Jersey Effective 3-4-15, paid sick leave (PSL) laws will take effect in Montclair and Trenton. Voters in both cities approved similar PSL ballot questions on 11-4-14. The laws will require private sector employers to provide one hour of PSL for every 30 hours worked in the respective cities. Employees working for employers with 10 or more employees will be eligible to earn up to five days of PSL per year, while employees working for employers with nine or fewer employees will be eligible to earn up to three days of PSL per year.
Florida The U.S. Department of Labor’s Wage and Hour Division (WHD) and the state Department of Revenue have signed a memorandum of understanding to reduce the misclassification of employees as independent contractors. The agencies will work together to prevent, detect, and remedy employee misclassification. The WHD has similar agreements with 18 other states.
District of Columbia The Office of Tax and Revenue (OTR) has reissued the 2015 income tax withholding tables and instructions (originally revised in December). The revised guide has several changes, including: (1) eliminating specific filing status calculations for the percentage wage method and wage bracket method; (2) reflecting the increase in the personal exemption amount; and (3) clarifying that the tax rate applicable to mid-range wages is 7%. The revised tables and instructions are available at http://otr.cfo.dc.gov/sites/default/files/dc/sites/otr/publication/attachments/FR-230_012215_v4.pdf.
The IRS has issued a notice describing the rules for filing Form 8922, Third-Party Sick Pay Recap, an annual form filed with the IRS that replaces third-party sick pay recaps that were filed with the SSA. Form 8922 must be used by third parties and employers to report total payments of certain sick pay paid by third parties on or after January 1, 2014. In situations in which the liability for the Federal Insurance Contributions Act (FICA) taxes on the sick pay is split between the employer and the third party under applicable regulations, Form 8922 must be used for filing “third-party sick pay recaps” to reconcile the reporting of sick pay paid by a third party on behalf of employe
Vermont Effective 1-1-15, the minimum wage increased to $9.15 an hour. Tipped employees get a minimum cash wage increase to $4.58 per hour; maximum tip credit will increase to $4.57 per hour.
Nebraska Effective 2-1-15, the state joined the RIDE program (Records and Information from DMVs for E-Verify). The program links E-Verify with state departments of motor vehicles offices and public safety offices. It allows E-Verify to validate the authenticity of driver’s licenses and state identification cards that employees present as identity documents for Form I-9, Employment Eligibility Verification. The program aims to reduce document fraud and boost the accuracy of employment eligibility verification by E-Verify. Florida, Idaho, Iowa, and Mississippi also participate in the program.
Last year’s Ebola outbreak was a stark reminder that frightening and serious contagious diseases still exist. However, many people and businesses overlook the fact that more common infectious illnesses can also have a significant impact on employee health and business operations, such as the current, and especially virulent, 2014 to 2015 flu season. Pandemic illnesses like influenza pose a variety of workplace safety issues, so it’s critical for employers to implement a workplace pandemic illness plan or ensure their existing plan is up to date. Creating a pandemic illness plan A pandemic illness plan or policy guides an employer in managing an outbreak of pandemic illness in the workpl
On February 5, the New Jersey Assembly Appropriations Committee voted on the substitute version of A.B. 3156, which would: Include wage information for employees who have been terminated or otherwise separated from employment Require quarterly unemployment insurance wage reporting instead of monthly wage reporting Require employers to file an Employee Status Report within 20 days (or 15 days for employers that report electronically) of an employee’s “hiring, re-hiring, return to work, or ending of employment” Require the employer to report the “number of base weeks” worked “during the calendar quarter in which the employment ends” The legislation simplifies the type of wa