Leader at Accounting Firm Discusses Trends and Best Practices Regarding Unclaimed Wages
Payroll professionals have a crucial role in identifying, tracking, and reporting unclaimed wages to prevent liability issues. As unclaimed property …
Suit Alleging All Day/Every Day On-Call Duty Fails FLSA Claim
By Debbie Tam The U.S. Court of Appeals for the Tenth Circuit ruled that an employee who claimed to be …
Failure to File Deadline Approaching for EEO-1 Report
Employers are reminded of the impending deadline for the EEO-1 report, specifically the Component 1 filing due on July 9, 2024. Failure …
Data Breach at RI Health Care Center Was Avoidable, Class Action Says
By John Fitzgerald A Rhode Island health care center did not use reasonable security procedures to protect the sensitive personal …
Payroll on Point: Change in Marital Status and Form W-4
By Debbie Tam Question: One of our employees just got divorced. Does she have to file a new federal Form W-4, Employee’s …
Werfel Updates Congressional Committee on IRS’s Ongoing ERC Fraud Actions
By Debbie Tam On May 7, 2024, IRS Commissioner Daniel Werfel, during a hearing before the House Committee on Appropriations, discussed …
Draft of April 2024 Version of Form 941-X and Instructions Released
The IRS released drafts of Form 941-X and its instructions with an April 2024 revision date. Form 941-X. Employers use Form 941-X to correct …
IRS Updates Substitute Form 941, Schedules, and 8974 Specifications
The IRS has released updated guidance for specifications for substitute Form 941 (Employer’s Quarterly Federal Tax Return), Schedule B (Form …
Shift Workers May Be Affected by March 10 Daylight Savings Time Change
Daylight savings time begins at 2:00 a.m. on March 10, when clocks are set ahead by one hour across most …
Leap Year May Cause Extra Paydays
A leap year is a calendar year that contains an additional day compared to a common year. The 366th day …