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If the latter, two situations may arise: (1) Your scope includes Payroll : In that case it's to a large extent a shift-and-lift exercize. This will limit your shift-and-lift capabilities as for the countries in your scope missing a cloud payroll you'll find yourself in a situation similar to the next one. (2)
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For HR professionals, this isnt some arbitrary policy debate; it signals a massive shift in payroll. The No Tax on Overtime proposal aims to free overtime earnings under the Fair Labor Standards Act (FSLA) from federal income tax, although payroll taxes such as Social Security and Medicare would still apply. Thats sticky.
American Payroll Association. Go > Payroll Currently – All Issues. Payroll Currently – Volume 29 – 2021. Payroll Currently – Volume 30 – 2022. Your Online Payroll Compliance & Research-Ready Library. The Payroll Source® The Payroll Source® is the payroll industrys most trusted text.
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