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Your Guide to Year-End 2023: Bonuses

ThomsonReuters

As the holidays approach, many employers plan on paying out bonuses, incentives, or other supplemental wages to employees that may have unexpected tax and compliance implications. Payroll Guide ¶ 4100 et seq. contains a detailed discussion on supplemental wage payments.

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Trendspotting: Top Ten Payroll Issues of State Legislatures

ThomsonReuters

States eye workforce as a legislative priority for payroll The majority of state legislatures began their legislative sessions this January. A flurry of bills is being proposed in the payroll space — many having to do labor and employment. State legislators are responding to the call. Minimum wage increases.

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Last Week in PAYROLL

ThomsonReuters

Hello payroll professionals and welcome to the first edition of Last Week in PAYROLL. 5 ) that provides for supplemental unemployment benefits and other pandemic relief. Of course, a number of states and localities have already passed minimum wage rate laws that incrementally increase the dollar amount past the $7.25

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Last Week in Payroll: Summertime Tax Tips

ThomsonReuters

Summertime Tax Tips. states have 70% of adults with at least one vaccine and 28 states and the District of Columbia have fully vaccinated 50% or more of their adult population. Let’s go over a few summertime tax tips for payroll professionals this season: 1) Interns. State and Local News. Also, 12 U.S.

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Payroll trends to watch in 2022 (Part 2)

ThomsonReuters

Part 2 of this blogpost explains how prevalent payroll is in our daily lives with a focus on key issues in 2022, including unemployment, disaster relief, paid sick leave, and international. Currently, that rate is 3.9%. Some states provide relief to employers in this capacity if the terminations were due to COVID-19.

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Last Week in Payroll: The Ides of March

ThomsonReuters

March 15 used to be a day some might beware of for tax reasons because from 1918 to 1954 this date was the income tax filing deadline. Now, let’s take a look at this past week in payroll and go over a few of the more interesting stories buzzing about in the industry. The Ides of March. In the U.S., Federal News.

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Last Week in Payroll: In Like a Lion; Out Like a Lamb

ThomsonReuters

This makes a business’s payroll department very important since it is typically an employer’s greatest expense. And arguably the most important (and challenging) time to be a payroll professional, is during the period known as “year-end.” This can make March an interesting month for payroll professionals. Federal News.

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