ThomsonReuters

JULY 1, 2022

In our last edition of the Certified Payroll Professional (CPP) Corner, we talked about taxable and nontaxble fringe benefits. Payroll conference guidance on fringe benefits. Payroll Guide ¶3540 discusses fringe benefits. Payroll Guide ¶3585 discusses qualified transportation fringe benefits. Supreme overtime ruling.

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ThomsonReuters

APRIL 24, 2024

Some states have removed some restrictions in child labor provisions to fill gaps. Beginning In 2024, Alabama uses a unique approach to address its labor shortage. Checkpoint Payroll Update caught up with John Wertz, tax attorney and partner at Holland & Knight’s New York office, to discuss this first-of-its-kind law.

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ThomsonReuters

JUNE 10, 2021

Let’s go over a few summertime tax tips for payroll professionals this season: 1) Interns. Department of Labor applies a “ primary beneficiary test ” to determine if an intern for a “for-profit” employer is an employee for Fair Labor Standards Act (FLSA) purposes. Also, 12 U.S. 2) Seasonal employment.

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ThomsonReuters

MARCH 1, 2021

In ancient Egypt, workers were remunerated for their labor with beer and other necessary commodities (i.e., In the early 1900s, automobile engineer Henry Ford made headlines for paying remuneration at two times the going hourly wage at the time – $5 per hour – to many of his employees. bread, meat, clothing, etc.) In Like a Lion.

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ThomsonReuters

MARCH 15, 2021

March 15 may be another day to beware of regarding non-qualified deferred compensation plans under Internal Revenue Code (IRC) §409A. To meet IRC §409A’s “short-term deferral” exemption, such payments must be made by March 15 of the following calendar year. American Rescue Plan Act (ARPA) gets signed into law. The Ides of March.

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ThomsonReuters

JUNE 22, 2021

As COVID-19 vaccinations continue to rise and a sense of normalcy slowly returns, we can hopefully put tumultuous payroll changes behind us. State by State Payroll Tax Changes. Fremont For small employers (25 or fewer employees), the minimum wage rate increases to $15.00 per hour for large employers (26 or more employees). .

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ThomsonReuters

JUNE 28, 2021

President Biden’s American Rescue Plan Act (ARPA) initially included a provision to increase the national minimum wage rate to $15.00 According to a February 2021 Bureau of Labor Statistics report, 73.3 Minimum Wage. The minimum wage rate has been a hotly debated topic at the national level for some time. This represents 55.5%

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