Twenty-seven states — plus Washington, D.C. — index their minimum wages to rise automatically with the cost of living. More states will index minimum wage increases annually, starting in the following years, like: Minnesota (2018), Michigan (2019) and ...

Forms 1094 and 1095 will most likely survive for at least this year, so make sure to keep tracking. The Cadillac tax will probably go away later this year, and it is possible that the employer mandate could go away this year, as well (not yet confirmed).

Knowing your customer is tremendously important, especially in today’s Internet-driven world where the majority of business with some clients may not be done in person.

Ever wonder how Social Security numbers are generated? And how do you tell if a Social Security number is valid?

It’s time for President Obama’s 2017 budget proposal. This is his last budget proposal and, while not much is new, there are several items that directly affect payroll and payroll departments.

Each state has its own laws that dictate when employees are to be paid and this extends to terminations. While many states allow payment for voluntary termination to occur on the next scheduled pay date, several states have accelerated timelines even for

The new year rings in new minimum wage rates, as well as new ACA reporting requirements. Keep in mind that January 2016 brings ACA reporting for ALEs—therefore, all ALE employers will have to provide every employee with a Form 1095-C by January 31, 2016.

Fifteen states, plus the District of Columbia, index their minimum wages to rise automatically with the cost of living. Ten states currently index minimum wage increases each year: Arizona, Colorado, Florida, Missouri, Montana, Nevada, New Jersey, ...

The skies are cloudy, the leaves are changing, the air is cool and brisk—and in this profession, that means time to think about year-end prep for payroll departments.

There was once a time when - if the employee turned in a W-4 with more than 10 exemptions - the W-4 needed to be sent to the federal government for verification. This requirement no longer exists, except for California state withholdings.

The move to same-day ACH is game-changing. The rule would enable the option for same-day ACH payments through new ACH Network functionality.

Recently, the Department of Labor (DOL) has released proposed rules to update the exemptions from overtime.

Now is the perfect time to look at the fringe benefits you provide to your employees. This specific taxation is a main focus of the IRS right now, and they recently conducted several free webinars to review the taxability of fringe benefits.

It's time for President Obama's 2016 budget proposal, and time to reflect on the numerous items that affect payroll and payroll departments.. Here are the potential proposals that would have the greatest direct impact on payroll professionals.

Currently there is no federal regulation that mandates employers to pay their employees for sick time. Although many companies voluntarily offer their full-time employees some paid sick leave, numerous U.S. employers do not provide any paid sick leave ...

2015 not only brings new rates, it also brings new Affordable Care Act (ACA) reporting requirements. Effective January 2015, large employers - defined as having 50 or more Full-Time Equivalents, or FTEs - will need to start accumulating health ...

Minimum wage increases are one of the hottest topics in payroll this year. They've produced a steady stream of new proposals and a great deal of haggling in state legislatures.

Now is a great time to sort out any anomalies that could complicate year-end and W-2 processing. And two of the most common are overpayments and repayments.

Sooner or later, direct deposit recalls and NSFs (non-sufficient funds) trip up just about every payroll provider. And while a NSF on taxes or fees is usually small, a direct deposit NSF can cause big headaches for your firm.

Employee turnover is a fact of life. And when an employee leaves, it's important to keep in mind that different types of employee termination have different payment requirements.

For business owners, hiring family members as employees can lead to significant tax savings. And in many cases, those savings extend to the family members as well as the business owner. Sole proprietorships and corporations are both entitled to tax savings when they hire family members, but the amount of savings varies according to business type.

As you've probably heard, the Obama Administration recently rolled out its latest budget proposal. While much of it won't affect the payroll business, there are several items that will raise eyebrows in the payroll industry if passed as proposed. I've put together a synopsis of some of the items that would impact payroll.

You've probably heard about President Obama's push to increase the federal minimum wage from $7.25 to $10.10 per hour. It's the latest of several attempts to increase the federal minimum wage. In addition, several states are following suit with minimum wage legislation of their own. With that in mind, I think now is a good time for a rundown of state legislation.

On February 11, the Treasury Department rolled out a new round of changes to the Affordable Care Act (ACA). The changes will affect medium and large employers, as well as some teachers and volunteer workers. Here are the highlights:

The Supreme Court's rejection of the Defense of Marriage Act (DOMA) was big news in 2013. And in 2014, it has big payroll tax implications for employers who offer cafeteria benefits to same-sex spouses.

Now is a great time to sort out any anomalies that could complicate year-end and W-2 processing. And two of the most common are overpayments and repayments.

You probably know that non-exempt employees are covered under FLSA, which imposes requirements for overtime and other aspects of employment. Exempt employees, on the other hand, are not subject to FLSA.

The IRS surprised employers a few weeks back with a rule change that allows flexible spending account participants to roll over up to $500 of their unused account balances into the next year.

Having to run payroll for foreign nationals seems like a remote possibility for most payroll service providers. And it's true that only 14% of Thomson Reuters tax and accounting software users who process payroll reported paying foreign nationals in a recent survey.

Your payroll clients are already paying FUTA, a federal tax levied on employers that are covered by their state's unemployment insurance program. Depending on where they're located, your clients may face an increase in FUTA when they file their 2013 taxes.