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Compliance TV: IRS Finalizes Rules to Lower Electronic Filing Threshold for 2024

PayrollOrg

In this March 2023 edition of Compliance TV: IRS Finalizes Rules to Lower Electronic Filing Threshold for 2024; Supreme Court Rules HCE Was Owed Overtime, Not Paid a Salary; IRS Releases 2023 Form 941, Schedules, and Instructions; and more.

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New overtime regulations are open for comment

Business Management Daily

Proposed regulations raising the salary employees must earn to be exempt from overtime were published in last Friday’s Federal Register. Comments may be submitted electronically through the Federal eRulemaking Portal. The post New overtime regulations are open for comment appeared first on Business Management Daily.

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How to Create a Pay Stub for Employees?

HR Lineup

Earnings: Gross wages Overtime pay Bonuses or commissions Reimbursements 3. Hourly Employees: Input regular hours and overtime hours, if applicable. Add Earnings: Input the calculated gross wages, overtime pay, and any additional earnings. Electronic Pay Stubs: Send pay stubs electronically via email or a secure online portal.

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APA Bookshelf

PayrollOrg

PayState Update is a biweekly electronic newsletter covering state and local payroll compliance news and issues. Payroll Currently is a monthly electronic newsletter covering payroll compliance news and issues. Content is updated on a regular basis. PayState Update. An archive of 2021 issues is also available. Payroll Currently.

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What are The Pre-Payroll activities? A detailed overview

Qandle

This may involve collecting timesheets, time clock records, or electronic time tracking data. Overtime and Bonuses: If employees are eligible for overtime pay or if there are any bonus payments, you need to gather the necessary data. It’s important to ensure accuracy and resolve any discrepancies before processing payroll.

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How to Prepare for the New White Collar Overtime Requirements

Insperity

Department of Labor (DOL) seeks greater protection for certain lower-paid executive, administrative and professional (“white collar”) employees who are currently exempt from overtime, though likely work more than eight hours a day (in select states) or forty (40) hours each week. If not, the employer must prove that they are exempt.

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How Employees Can Maximize Efficiency Through the ESS Portal

Bayzat

Examples of Activities in a UAE-focused ESS Portal: Leave Management Apply for various leave types (annual, sick, personal), track balances, and receive approval notifications electronically. Bayzat reports that many UAE employees prefer to manage their leave electronically.