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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. Unemployment and FUTA. At the height of the pandemic, unemployment in the U.S. increased to 14.8%. Currently, that rate is 3.9%.

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Last Week in Payroll: Keeping Up with Taxes

ThomsonReuters

For payroll, in particular, there are a number of taxes. What are the due dates? What is the penalty if the filings or payments might be late? A number of those pages will directly affect payroll. What can help with this daunting task of keeping up with taxes? Then, there’s how to pay and file these taxes.

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Last Week in Payroll: Choose to Challenge

ThomsonReuters

Through the Fair Labor Standards Act (FLSA), she established the first minimum wage and overtime laws for American workers and defined the standard 40-hour workweek. Perkins chose to challenge and made changes in many ways for women but also for the payroll professional. In 1933, Perkins appeared on the cover of Time magazine.

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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.

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