Business Management Daily

DECEMBER 1, 2019

1 payday back into 2020, you’d still have 27 biweekly pay periods, this time in 2021. Hourly-paid nonexempts are impacted only to the extent of withholding and deductions. This avoids the problem, but many payroll systems aren’t set up to deal with these fractions. Employees’ benefits deductions and allowances (e.g.,

Payroll 83

Payroll 401(k) Deductions Deductible 83

HR Digest

JANUARY 8, 2020

It seems pretty straightforward – except that every 11 or 12 years, because of our calendar system and leap years, there are actually 27 pay periods in the year. Does this mean you’ll get an extra paycheck in 2020? Does this mean you’ll earn more than your annual salary in 2020? This means that gross pay would be 3.7%

401(k) 81

401(k) Gross Pay Deductions Deductible 81

Business Management Daily

OCTOBER 7, 2019

1—all pre-2020 withholding-allowance based W-4s and the 2020 W-4, which is shaping up to be entirely different. The IRS has recently released the second drafts of the 2020 W-4 and Pub. 2020 Form W-4. The IRS released the second draft of the 2020 W-4 in mid-August. Instead, the draft is built on five “steps.”

Payroll System 49

Payroll System Payroll Taxes Deductions 49

Ascender

OCTOBER 5, 2019

By 1 July 2019, all businesses across Australia should be compliant to STP regardless of their total headcount, requiring huge efforts from employers and payroll solutions providers to work together to prepare their payroll data and ensure their payroll systems are STP-enabled for smooth compliance.

Payroll 70

Payroll Deductions Deductible Government 70

Employee Benefits

MARCH 13, 2024

Via these schemes, employees can choose to be paid for a portion of work that they have already done, with employers setting a threshold, usually at about 25% to 50% of earned wages, at a time that works for them, while the employer continues to run a normal payroll cycle. EWA schemes tend to be offered in two ways.

Deductible 59

Deductible Deductions Payroll Salary 59

Business Management Daily

OCTOBER 5, 2020

As if 2020 hasn’t been enough of a whirlwind, on January 1, 2020, the IRS issued a new form W-4, leading to more than nine months of questions and confusion from both employees and employers. Why did the 2020 W-4 change? The 2020 Form W-4 changed to simplify the form and offer a more transparent and accurate withholding system.

Employment 52

Employment Payroll Deductions Deductible 52

Ascender

SEPTEMBER 5, 2019

By 1 July 2019, all businesses across Australia should be compliant to STP regardless of their total headcount, requiring huge efforts from employers and payroll solutions providers to work together to prepare their payroll data and ensure their payroll systems are STP-enabled for smooth compliance.

Payroll 40

Payroll Deductions Deductible Government 40