Question: I have an exempt employee who only worked one day this week, but claims he needs to be paid for the whole week. Is that right? Answer: Quite possibly. Under the Fair Labor Standards Act (FLSA), most exempt employees need to be paid their regular salary...
margie@payrollpartners.com
IRS Extends a Roth Catch-Up Requirement
As the Wall Street Journal pithily summarizes it, "Higher earners age 50 and up will get two more years to use pretax dollars for all of their retirement savings in 401(k)s and similar plans, after the Internal Revenue Service delayed a new requirement." The IRS has...
New Scam Targeting Healthcare Professionals
There’s a scam targeting doctors, nurses, and other healthcare professionals, but you could be a part of the cure. Posing as “sheriff’s deputies,” crooks call medical personnel and claim “You missed a court date to testify as a witness.” Threatening them with fines or...