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Department of Labor (DOL) ended its PayrollAudit Independent Determination (PAID) program on January 29, 2021. And if you participated in the program, you may have a lot of questions. So, what does the end of the PAID program mean for you and your business? What is the PAID program? The DOL created […] READ MORE.
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Department of Labor’s new PayrollAudit Independent Determination program—known as PAID. There’s a lot for employers to like about the U.S. Some state officials aren’t so enthusiastic. The pilot PAID program, which runs through October, lets employers self-report Fair Labor Standards Act violations to the DOL.
The memorandum instructed auditors to follow the rules set out in Notice 2011-72 when performing payrollaudits. Simultaneous with the release of Notice 2011-72, the IRS’ Small Business/Self-Employed Division released a memorandum to auditors covering employees who use their own phones for business.
Carry out audits Carry out regular payrollaudits to identify discrepancies and take measures to eliminate them. Look at the compensation rates for employees in the relevant positions and stay current on any emerging trends that could impact payment expectations.
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