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The New #FLSA Overtime Changes: Make Sure Company Policies Are Aligned

HR Bartender

Employers will be allowed to use nondiscretionary bonuses and incentive payments (including commissions) to satisfy up to 10 percent of the new salary threshold. In case you missed it, here’s a short summary of the ruling : The Department of Labor has set the new standard salary level at $913 per week or $47,476 annually. You get the point.

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Understanding Payroll Deductions and Employee Benefits Taxes

Hppy

Health plans, life insurance, and dependent care assistance are all deductible to employers if they are compliant with IRS regulations and qualified. Gifts are deductible if they are of nominal value and bonuses and awards are deductible to your business but may be taxable to employees. Cafeteria plans are also tax deductible.