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How Layoffs Affect Your Tech Company’s Books and Payroll

Shay CPA

And, of course, you can’t forget about how your layoffs impact your books and payroll. And if you’re in this boat, you should know what it means for your books and your payroll. Finally, severance might incentivize employees to transition out over the timeline that works best for your company.

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Top 20 Searches of 2021 on Payroll on Checkpoint

ThomsonReuters

The top payroll related searches for 2021. Payroll practitioners and employers alike continue to be challenged by the unique issues that COVID-19 has imposed on payroll administration. Payroll on Checkpoint has analyzed the searches of our subscribers to create this Top 20 list of topics in the forefront in 2021.

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Last Week in Payroll: The Ides of March

ThomsonReuters

This section was added after the American Jobs Creation Act of 2004 was signed into law and covers compensation arrangements, such as salary and bonus deferral arrangements, severance pay arrangements, taxable reimbursement arrangements, and certain in-kind benefits (i.e., American Rescue Plan Act (ARPA) gets signed into law.

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Can Employers Pay Wages in Cryptocurrency?

ThomsonReuters

politician to receive their first paycheck in Bitcoin. “I’m going to receive my next paycheck 100% in Bitcoin,” Suarez wrote. There are companies that allow users to allocate some-to-all of their paycheck into cryptocurrencies. However, when it comes to wages, can employers pay employees in cryptocurrency?

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Last Week in Payroll: Choose to Challenge

ThomsonReuters

Back on February 22, 2021, the United States reached a grim milestone of 500,000 deaths due to COVID-19. The somber event was memorialized by President Joe Biden at the White House who noted on February 11, 2021 that getting the United States vaccinated will be one of the “most difficult operational challenges.”. Choose to Challenge.

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Biden Addresses the State of Payroll in Union Address

ThomsonReuters

Paycheck Fairness Act. In the White House Fact Sheet, Biden notes that the Paycheck Fairness Act (H.R. Finally, Biden asks Congress to abolish the subminimum wage that permits a lower wage to be paid to people with disabilities. Several states have already repealed state subminimum wage statutes. 15 Minimum Wage.

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Analyst Says A.I. Will Change Payroll Industry Without Replacing Professionals

ThomsonReuters

When Tiliakos took the stage in Denver on the final day of the 2023 Payroll Org Congress, he explained how far payroll has come by going all the way back to 3000 B.C. In the United States, multiple employment laws were created in the 20th Century, including the 16th Amendment to the U.S.

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