Payroll: Deductions and Taxes
There are different requirements for payroll and taxation in the United States, depending on the state and/or business activity. Federal and state...
Insights: payroll
Gauging the Reasonableness of Owners’ Compensation Deductions
For most privately held businesses, owners' compensation is one of the largest expenses on the income statement, especially when all the related...
Protecting Payroll Records From Cybercriminals
No matter the size or industry, most U.S. businesses are vulnerable to cyberattacks — both from inside and outside the company. Among the data...
Three New Payroll Tax Provisions For Eligible Employers
Signed into law in the waning days of 2020, the Consolidated Appropriations Act (CAA) provides some new tax breaks for employers — including three...
Year-End 2020 May Not Be the “Same as Last Year” for Payroll Taxes
As 2020 draws to a close, we would like to remind you that this year-end may not be the same as 2019 when it comes to payroll taxes and compensation...
Overtime Pay Rules for Fluctuating Workweeks
If you pay employees who are nonexempt and who have fluctuating workweeks, there's a formula you can use to calculate their overtime pay. The formula...
Employee or Independent Contractor? The Rules May Be Getting Simpler
From an employer's perspective, using independent contractors provides greater flexibility in managing variable demands for particular services. And,...
Year-End Payroll Tax Withholding Exposure
As the 2020 calendar year-end approaches and much of the world continues to practice some form of sheltering in place, social distancing, and working...
Failing To Properly Complete Form I-9 Can Be Costly
In recent years, the U.S. Immigration and Customs Enforcement (ICE) agency has focused its attention on construction companies and other businesses...