Rules, Regulations and Laws « The Payroll Department

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Challenges to Employers in Calculating Employees’ Time Worked

Posted by Ariane on December 31, 2013

Bob, a small business owner, has two non-exempt employees. Sue regularly begins work five to 10 minutes early most days and works late anywhere from 15 to 20 minutes every day. On the other the hand, Mike usually starts his workday within five minutes before or after his shift begins and “clocks out” about five minutes after his shift ends. From a payroll perspective, how should Bob handle calculating the time each of these employees worked? (more…)

Tags: Brownsburg, calculating employee hours worked, employees, employers, Indiana, payroll, payroll rules, payroll service, The Payroll Department

Posted in: Payroll, Payroll Processing, Rules, Regulations and Laws

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Small Business Take a Stand to Reduce FUTA Payroll Tax Cost

Posted by Elaine on December 10, 2013

Our payroll services clients – and all the business owners in Indiana – are paying more than the norm according to the Federal Unemployment Tax Act (FUTA). In fact, as was explained in an earlier post, this year businesses will pay 2.1% of the first $7,000 EACH employee earns. The norm is approximately .6%!

What is the difference in your payroll expense? (more…)

Tags: Brownsburg, Credit Reduction State, FUTA, Indiana, payroll service, payroll tax reporting, payroll taxes, payroll unemployment taxes, The Payroll Department, unemployment taxes

Posted in: Payroll, Payroll Taxes, Rules, Regulations and Laws

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Workplace Garnishments: What Your Small Business Needs to Know

Posted by Elaine on December 4, 2013

When it comes to processing employee’s payroll with multiple garnishments, there is an established hierarchy of which one takes precedence. The Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) was signed into law on April 20, 2005 and enacted on October 17, 2005. Prior to this law, Chapter 13 bankruptcy orders took priority over other garnishments. There was no limit to this federal deduction. Along with consideration for the type of order issued is the date on which it was issued. Date order, earliest to latest, establishes when the set amount begins coming out of employees’ paychecks. If you’re unsure of the pecking order, here’s an overview of some of the most common types of garnishments. (more…)

Tags: Brownsburg, employees, employer payroll garnishment, garnishment, payroll changes for garnishment, payroll provider, payroll service, small business payroll, The Payroll Department

Posted in: Payroll Processing, Rules, Regulations and Laws

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Payroll Taxes on the Rise in Credit Reduction State

Posted by Elaine on November 19, 2013

Even though the state of Indiana has been designated one of the best states for business regarding taxes, one area that doesn’t play out is with the FUTA. That’s the Federal Unemployment Tax Act. Employers pay a tax on employees’ wages to cover the state’s unemployment insurance program.

Indiana is one of several states in the position of having an outstanding loan to the federal government. In fact, according to the Congressional Research Service report dated Sept. 20, 2012, Indiana owed the federal government $1,994,007,775.40. And that means the state is designated a FUTA Credit Reduction State. (more…)

Tags: Credit Reduction State, FUTA, Indiana, payroll service, payroll taxes, payroll unemployment taxes, Teresa Ray, The Payroll Department, unpaid federal loan

Posted in: Payroll, Payroll Taxes, Rules, Regulations and Laws

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Form I-9: Verify Your Employees’ Identity and Employment Eligibility

Posted by Ariane on November 5, 2013

For the past few years, the Department of Homeland Security has been cracking down on employers who hire illegal immigrants. Therefore, it’s important that your company has all of its employee paperwork in order. And, this includes having an Employment Eligibility Form (I-9) completed for all new hires. (more…)

Tags: Brownsburg, employee employment eligibility, employee identity, employees, employers, Employment Eligibility Form, Form I-9, Indiana, new hire paperwork, The Payroll Department

Posted in: IRS and Tax forms, Payroll, Payroll Processing, Rules, Regulations and Laws

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Are Payroll Deductions Legal or Not?

Posted by Ariane on October 29, 2013

As an employer, you can withhold the standard deductions permitted by federal, state and local law from your employees’ paychecks, such as federal, state and local income tax, Social Security and Medicare. But what about other deductions? Can you legally deduct them or not? (more…)

Tags: Brownsburg, Indiana, payroll deductions, small business payroll, The Payroll Department

Posted in: Operating a Small Business, Payroll, Payroll Processing, Rules, Regulations and Laws

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Employees’ Classification in the Workplace Defines Benefits and Health Care Requirements under Affordable Care Act

Posted by Teresa Ray on October 22, 2013

The times they are a-changin’ and that is no more evident than with the implementation of the Affordable Care Act (ACA). The leadership of every small business and workplace has to consider the reforms and new requirements taking effect. Needless to say, small business owners with employees have a lot to think about. (more…)

Tags: ACA, Affordable Care Act, business, employees, FTE, FTE employee, full-time employees, Full-time equivalent employee, health care act, part-time employees, payroll service, small, small business payroll, The Payroll Department, worker classification

Posted in: Benefits and Health Care, Operating a Small Business, Payroll, Payroll Processing, Rules, Regulations and Laws

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Make Fall the Time for All Employees and Employers to Review Retirement Plan Funding

Posted by Elaine on October 1, 2013

For all entrepreneurs, employers and employees, it seems there are more responsibilities on their shoulders than ever before – and nothing feels simple. One of those responsibilities is retirement plans and funds. With the variety of options available, retirement issues are anything but simple – but oh, so very important. (more…)

Tags: employee retirement plan contributions, payroll service, retirement plan deposit requirements, retirement plans, small business payroll, The Payroll Department

Posted in: Operating a Small Business, Payroll, Payroll Processing, Retirement plans, Rules, Regulations and Laws

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Entrepreneurs Stay Serious about Payroll Taxes

Posted by Elaine on September 24, 2013

When it comes to payroll, and payroll taxes, business owners have a lot of questions:

Who’s actually responsible for payroll taxes being paid?
I have a payroll provider, but how do I know taxes are being paid on my behalf – in full and on time?
If the taxes don’t get paid, who does the IRS come looking for?
Is there any legal recourse if the taxes haven’t been paid? Is the government lenient in these situations? (more…)

Tags: payroll service, payroll taxes, payroll unemployment taxes, small business and payroll taxes, small business payroll, The Payroll Department

Posted in: Operating a Small Business, Payroll, Payroll Processing, Payroll Taxes, Rules, Regulations and Laws

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Worried About Hiring Workers?

Posted by Elaine on September 10, 2013

One of the most difficult decisions for a small business owner is hiring employees. It’s not just finding the right person for the position or wondering if the company is financially ready.

No, one of the biggest fears is the knowledge that the company has to follow federal, state and local labor laws; unemployment insurance (SUTA), social security and Medicare (FICA) and the income taxes and all the rules around that. It’s a scary proposition, that’s for sure. (more…)

Tags: Deb Mahler, employee classification, employees, independent contractor, Internet Tech Specialists, payroll service, small business payroll, tax laws for payroll, Teresa Ray, The Payroll Department, worker classification

Posted in: Hiring and Firing, Operating a Small Business, Payroll, Payroll Processing, Rules, Regulations and Laws

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