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And That’s 10, Folks! Maryland Paid Family Leave Signed Into Law

Patriot Software

Thanks to the passage of its new Time to Care Act, Maryland is now the tenth state to mandate paid family and medical leave for employees. If you’re a Maryland employer, the Maryland paid family leave program applies to you. Payroll

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Last Week in Payroll: Summertime Tax Tips

ThomsonReuters

Let’s go over a few summertime tax tips for payroll professionals this season: 1) Interns. For the latest in tax, accounting, and payroll news, visit tax.tr.com/blog. The post Last Week in Payroll: Summertime Tax Tips appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

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Heads Up! Payroll Changes Coming in July

ThomsonReuters

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. Maryland. Uncategorized Payroll

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ESG Payroll Spotlight: Just Transition for the Workforce Toward a Net-Zero World

ThomsonReuters

Maryland Climate Solutions Now Act. It directs the Maryland Commission on Climate Change (MCCC) to establish the Just Transition Employment and Retraining Working Group to study various issues and opportunities related to workforce development, training, job loss, and job creation.

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Last Week in Payroll: Minimum Wage

ThomsonReuters

Although it is possible to automate payroll systems to account for these minimum wage increases, it is a good idea for payroll professionals to be aware of these changes to avoid the possibility of underpaying employees. Montgomery County, Maryland: $15.00 Minimum Wage.

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Last Week in Payroll: Payroll in a Pandemic

ThomsonReuters

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. Benefits and pensions are payroll-related and some human-resource-related duties also involve payroll.

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Maine Man Gets 33 Months in Prison for Misusing PPP Funds

CPA Practice

Reardon, 44, of Skowhegan and Plymouth pleaded guilty in July in federal court in Bangor to five counts of bank fraud for obtaining a $60,000 Paycheck Protection Program loan in 2020 by falsifying information about payroll for his business. Uncategorised fraud Payroll PPP Loan

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Think Tank Analysis Finds Current Federal Minimum Wage Rate at Lowest Value in 66 Years

ThomsonReuters

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. In Baltimore, Maryland, the City is investing $30 million in workforce programs, including $5.2

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Federal Paid FMLA May Be Out While States Consider Possibilities

ThomsonReuters

The program would be funded by 2% payroll tax, 1% paid by the employer, 1% paid by the employee ( L. Maryland. Uncategorized paid family and medical leave PayrollThe signing of the Family and Medical Leave Act (FMLA) celebrates its 29th anniversary this February 5.

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2022 Minimum Wage and Overtime Salary Threshold Increases

ThomsonReuters

Maryland. It is crucial that payroll professionals familiarize themselves with minimum wage rates for garnishment calculations in 2022. . Uncategorized Payroll

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Law Enforcement Cracks Down On Corporate Payments Fraud

PYMNTS

More than seven years of manual employee time-tracking has led to allegations of payroll fraud and abuse at the Albany County Comptroller in New York, according to local CBS news reports. Postal Service , according to an indictment by a federal grand jury in Maryland.

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Employer Vaccine Mandates, Worker Refusals, and Unemployment Benefits

ThomsonReuters

Maryland. A spokesperson for the Maryland Department of Labor has stated that unemployment claims are adjudicated on a case-by-case basis and multiple factors figure into a determination. Uncategorized Payroll vaccine mandateOverview. The U.S.

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Biden’s American Families Plan Includes Paid Family and Medical Leave

ThomsonReuters

Effective January 1, 2022, the Connecticut Family Medical Leave program provides up to twelve weeks of paid leave through employee payroll contributions. . Uncategorized PayrollOn April 28, 2021, President Biden unveiled a Fact Sheet on the American Families Plan. The $1.8

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2023 Most Frequently Asked Questions about the Employee Retention Credit (ERC)

Cherry Bekaert

The Employee Retention Credit (“ERC”) continues to provide a wide variety of employers with lucrative refundable payroll tax credits for qualified wages paid to employees in 2020 and 2021. Businesses can still apply for the ERC by filing an amended Form 941X (Quarterly Federal Payroll Tax Return) for the quarters during which the company was an Eligible Employer. “We If I use a PEO instead of a traditional payroll tax provider, can I still claim the ERC?

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eCommerce Drives Logistics Job Boom

PYMNTS

The rise of eCommerce is an inexorable one, with real-world ripple effects that extend all the way to feet and wheels on the street — and, by extension, burgeoning payrolls.

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Friday Footnotes: KPMG Is Twice as Bad as Other Firms; Upskill or Die; Hella M&A | 10.21.22

Going Concern

EisnerAmper Merges in Maryland Firm. An employee at a Utica law firm is accused of altering the payroll to give herself more than $27,000 in bonuses over the past year, according to the Utica Police Department. Police said Karen Durant, 42, of Ilion, would intentionally alter her salary and give herself bonuses between $500 and $2,000 over multiple payroll weeks over the past year. Big 4.

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State Regulators Investigate Payday Advances

PYMNTS

The New York State Department of Financial Services (NYDFS) has announced it will lead a multi-state investigation into alleged violations of state regulations of the short term lending industry, specifically in the area of payroll advances. “High-cost payroll loans are scrutinized closely in New York, and this investigation will help determine whether these payroll advance practices are usurious and harming consumers,” Lacewell noted in a statement.

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Some Fraudsters Go Low-Tech To Grab Credit Card, Personal Data

PYMNTS

Separately, invoice fraud of course remains popular, as illustrated by a case in Silver Spring, Maryland. million in total funding, and executives had tens of thousands of dollars in reimbursed expenses and put relatives on the payroll. When chip and PIN came out, the bad guys moved to CNP. And as banks and mobile providers have taken tech in hand to battle CNP, fraudsters have plied their trade through other means.

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PPP Loan Fraud is Out of Control! Case Investigations & EIDL Fraud

LyfeAccounting

Or why they think they can get away with lying about businesses and employees when there are so many ways to easily invalidate their loans such as: payroll taxes and. And this ultimately led to his arrest as the IRS and State of Maryland investigated his claims.

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Senators Look To Extend PPP Loans To Include More SMBs

PYMNTS

Ben Cardin of Maryland, a member of the U.S. A second installment of PPP funding is the lifeline many businesses need to get them to the other side of this crisis while keeping employees on payroll,” she said in a statement.

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Trump Provides Stimulus By Executive Order

PYMNTS

8) from his golf club in Bedminster, New Jersey, provides federal unemployment benefits, defers some payroll taxes, helps renters and homeowners behind on their payments and extends relief on student loans.