Resources

While the government generally dictates how you can pay yourself with a salary or the equivalent of a salary, it also provides flexibility for you to make withdrawals.

Setting up a payroll system is fairly straightforward in theory, but it does require a few significant steps that each employer will need to consider.

On Dec. 5, the IRS released the long-awaited final version of the 2020 Form W-4, retitled Employee's Withholding Certificate, with major revisions designed to make accurate income-tax withholding easier for employees starting next year.

To calculate overtime pay for non-exempt hourly employees correctly, one should first determine a few things.

Last week, the U.S. Department of Labor published its new proposed rule raising the Fair Labor Standards Act (FLSA) “white collar” exemption to $35,308/year or $679/week from $23,660/yr. or $455/week.

Unlike a C corporation, which itself pays the tax on its taxable income, an S corporation does not directly pay taxes on its income; instead, its income, losses, deductions, and credits are distributed across its shareholders’ individual tax returns on a pro rata basis.

Prepare now for the following payroll changes that will take effect on January 1, 2019, and also consider some actions to take before year-end.

Calculating time worked for non-exempt employees who travel for their job is a challenge for many employers.  

We’ve discussed impending changes in the way salaries are approached in today’s market.