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 ...
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.
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.
This month, we'll look at state unemployment tax, or SUTA. Unlike FUTA, SUTA offers employers in many states a way to reduce their tax rates in 2014. It's called a "voluntary contribution."