HR Digest

JANUARY 8, 2020

It seems pretty straightforward – except that every 11 or 12 years, because of our calendar system and leap years, there are actually 27 pay periods in the year. Does this mean you’ll get an extra paycheck in 2020? Does this mean you’ll earn more than your annual salary in 2020? This means that gross pay would be 3.7%

401(k) 81

401(k) Gross Pay Deductions Deductible 81

Business Management Daily

DECEMBER 1, 2019

1 payday back into 2020, you’d still have 27 biweekly pay periods, this time in 2021. Hourly-paid nonexempts are impacted only to the extent of withholding and deductions. This avoids the problem, but many payroll systems aren’t set up to deal with these fractions. Employees’ benefits deductions and allowances (e.g.,

Payroll 83

Payroll 401(k) Deductions Deductible 83

Business Management Daily

OCTOBER 7, 2019

For decades, payroll departments have used two basic principles to withhold income taxes from employees’ pay: Employees indicate the number of their withholding allowances on their W-4s and you figure their income tax withholding based on those W-4s and your pay period. 2020 Form W-4. Step 1: Enter Personal Information.

Payroll System 49

Payroll System Payroll Taxes Deductions 49

Employee Benefits

MARCH 13, 2024

Via these schemes, employees can choose to be paid for a portion of work that they have already done, with employers setting a threshold, usually at about 25% to 50% of earned wages, at a time that works for them, while the employer continues to run a normal payroll cycle. Are there any tax or legal issues?

Deductions 59

Deductions Deductible Payroll Salary 59

Business Management Daily

DECEMBER 18, 2020

These are the value you now need to program into your payroll system. For better or worse, the IRS is sticking with its computational bridge for employees who have pre-2020 W-4s on file with you. Separately, employees whose withholding will cover their tax liability, but who experience a change in filing status (e.g.,

Payroll System 52

Payroll System Taxes Deductions Deductible 52

Hppy

JANUARY 28, 2022

Do you want to figure out how you can manage your payroll effectively? From processing paychecks, keeping track of labor laws, maintaining compliance, calculating deductions and bonuses, and tracking all tax-related documentation, payroll is an aspect of business that is fraught with the potential for mistakes. .

Payroll 36

Payroll Management Payroll System Payroll Manager 36

Ascender

OCTOBER 5, 2019

By 1 July 2019, all businesses across Australia should be compliant to STP regardless of their total headcount, requiring huge efforts from employers and payroll solutions providers to work together to prepare their payroll data and ensure their payroll systems are STP-enabled for smooth compliance.

Payroll 70

Payroll Deductions Deductible Government 70