ThomsonReuters

APRIL 12, 2022

Looking back at the last two years and the sprinter’s pace at which COVID-19 payroll tax credit relief was enacted, payroll accountants have earned a well-deserved pat on the back! But as the dust settles on those prior 2020–2021 Form 941 payroll tax returns, undoubtedly credits were missed, and mistakes were made.

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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. San Jose Absent any further legislative action, San Jose’s COVID-19 paid sick leave ordinance expires on June 30, 2021. . per hour. .

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Inform Accounting

APRIL 11, 2023

Statutory Maternity, Paternity, Shared Parental and Adoption Pay From Sunday 2 April 2023, Statutory Maternity Pay, Statutory Paternity Pay, Statutory Shared Parental Pay, Statutory Adoption Pay and Statutory Bereavement Pay all increased from £156.66 to £172.48 to £109.40.

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Nancy McClelland, LLC

JULY 7, 2022

Chicago’s Minimum Wage Increase, Fair Workweek Changes, and Sexual Harassment Laws Enhancements — and a Chicago Sick Pay Reminder. Reminder: Sick Pay Responsibilities. It seems not all small business owners are aware of the responsibility to provide Chicago workers paid sick leave. Think Again.

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ThomsonReuters

FEBRUARY 28, 2024

Clients were now offered bundled service packages which included quarterly or monthly financial statements and applicable payroll services. For those that opted out, there still was the option to pay an hourly rate for ad-hoc services.

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ThomsonReuters

FEBRUARY 28, 2022

Highlight: The IRS Form 941 is one of the most important payroll-related tax returns used by businesses to report employment taxes, including federal income tax withholding, Social Security tax, Medicare tax, and Additional Medicare tax. Federal law requires employers to withhold certain taxes from the pay of employees.

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ThomsonReuters

DECEMBER 12, 2023

” He added that “the discrimination and the reinstatement are the key things, but there are obviously a lot of nuances under USERRA that involve benefits and pay and other things.” ” USERRA and paid leave USERRA, which is administered by the U.S. Army Reserves. He added that the U.S.

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Nancy McClelland, LLC

DECEMBER 29, 2022

Chicago Paid Sick Leave This ordinance went into effect on July 1, 2017, and was so poorly-written that folks are still confused. For hourly employees, paid sick leave accrues at one-hour for every 40 hours worked. Employers are not required to pay out any accrued but unused sick leave upon employment termination. .

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xendoo

JULY 20, 2020

This loan is designed to provide a direct incentive for small businesses to keep their workers on the payroll. SBA will forgive loans if all employees are kept on the payroll for eight weeks and the money is used for payroll, rent, mortgage interest, or utilities. Loan Information. LEARN MORE+. Covered Loan Period. Guarantees.

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ThomsonReuters

JANUARY 2, 2024

Checkpoint Payroll discussed these possibilities with Carrie Hoffman, Chair of Foley & Lardner’s Labor and Employment Practice, who shared her thoughts on the various components that PFML legislation may tackle. While no details have been released so far, topics examined by the working group provide some insight.

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ThomsonReuters

MARCH 15, 2021

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., club memberships and automobiles). Federal News.

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ThomsonReuters

JUNE 14, 2021

Delaware law currently allows employers to pay a training wage (first 90 days for employees 18 or older) or a youth wage (employees under the age of 18) of $0.50 This law requires employers in the state to pay an overtime wage rate of one and a half times the regular rate for all hours worked in excess of 40 hours in a workweek.

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ThomsonReuters

JUNE 21, 2021

If employers do not pay these deferred Social Security taxes by these deadlines, penalties and interest will apply to any unpaid balance. Employers that deferred the employer and/or employee portion of Social Security tax should make careful note of the deferred tax deadlines and have a plan in place to pay these taxes. .

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ThomsonReuters

JUNE 10, 2021

Let’s go over a few summertime tax tips for payroll professionals this season: 1) Interns. Legislation adds paid sick leave obligations for employers. Massachusetts legislation establishes a COVID-19 Emergency Paid Sick Leave Fund to reimburse employers for providing employees with coronavirus (COVID-19) emergency paid sick leave.

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ThomsonReuters

MARCH 8, 2021

Perkins chose to challenge and made changes in many ways for women but also for the payroll professional. Minimum wage and overtime laws, unemployment and Social Security are but some of her contributions that almost every payroll professional is familiar with. The paid family and sick leave would continue through September 30, 2021.

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ThomsonReuters

JULY 26, 2022

per hour effective July 24, 2009 (see Payroll Guide ¶18,200 ). See Payroll Guide ¶19,010 for a list of the current state minimum wage rates and further wage and hour information. per hour and the expanded program employs these individuals for up to 32 hours per week at a pay rate of $15.00 Interested in payroll topics?

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ThomsonReuters

DECEMBER 29, 2020

The law includes a number of payroll-related provisions aimed at helping employers and workers close out 2020 and begin 2021. The editors of the Thomson Reuters Checkpoint payroll news team feel it would not be too bold to write that 2020 has been a challenging one. Extension of Paid Sick and Family Leave Credits.

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ThomsonReuters

JULY 29, 2021

Now let’s go over some of the more important payroll stories from the past week. These COVID-19 FAQs include an extensive list of questions and answers regarding the paid sick and family medical leave and the employee retention credit (ERC). Hazard pay deemed constitutional. Federal News.

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ThomsonReuters

DECEMBER 3, 2020

On August 8, 2020, President Trump signed a memorandum allowing employers to defer the employee’s portion of Social Security tax (SS) for employees who earn less than $4,000 biweekly or its equivalent under other pay frequencies from September 1, 2020 through December 31, 2020 as a form of COVID-19 tax relief. Publication 15.

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ThomsonReuters

FEBRUARY 22, 2021

The first recorded use of the word “payroll” appeared around 1740 A.D. Over time, payroll has become much more than just paying wages to employees. It also has to do with a wide variety of topics such as reporting and paying taxes and keeping in compliance with laws. Payroll in a Pandemic.

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ThomsonReuters

AUGUST 2, 2021

Athletes and Equal Pay. The women’s soccer team has also made headlines recently when the team appealed a court case to overturn a 2020 decision against their equal pay lawsuit on July 23, 2021, the day the Tokyo Olympics got underway. Now let’s go over some of the more important payroll stories from the past week. .

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ThomsonReuters

MARCH 1, 2021

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. This makes a business’s payroll department very important since it is typically an employer’s greatest expense. In Like a Lion. Federal News.

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