Setting up a payroll system is fairly straightforward in theory, but it does require a few significant steps that each employer will need to consider: You first have to obtain your employer identification number (EIN) and state/local ID, if necessary. Then, take care of the paperwork...
WASHINGTON - The Internal Revenue Service today urged employers to be aware of the January deadline to file Forms W-2 and other wage statements. Filing these documents timely helps employers avoid penalties and helps the IRS in fraud prevention. A 2015 law made it a permanent...
We’ve been both super busy and understaffed recently. Is there anything we can do during this time to help our employees avoid extra stress or burnout before we can hire more employees? Yes. Here are a few things you can do to make this time run...
Documentation of expenses is vital to an acceptable accountable reimbursement plan. Pre-Covid, ministry mileage driven is generally the minister’s greatest expense. Some ministers have contended that every mile they travel is in the furtherance of their ministry – and thus reimbursable. Their contention is based upon...
Make Sure Employees Are Turning In Their Time Cards Late time cards are a problem for all types of companies. But they shouldn’t be. Why Are On Time, Accurate Time Cards Critical? Accurate, on time timesheets: Are necessary to pay your employees Are necessary to bill your...
Do you have a pay compression program in your company? Pay compression occurs when either of the following happens: A new hire earns nearly the same amount as a more experienced employee in the same role. A subordinate earns close to what their manager or...
WASHINGTON − The Internal Revenue Service announced that the nation's tax season will start on Monday, Jan. 24, 2022, when the tax agency will begin accepting and processing 2021 tax year returns. The January 24 start date for individual tax return filers allows the IRS time...
In general, if an exempt employee performs any work during the workweek, you must pay them their full salary amount. Deductions are allowed, however, for legally required withholding and benefit elections. There are a handful of other situations in which a deduction from an exempt employee's...
As the economy continues to expand, churches now more than ever need to possess a thorough understanding of the classification for each person performing services for the church. Knowing whether the IRS views someone as your employee or as an independent contractor dictates tax obligations...
A system is a method of solving a repeated business issue in a strategic and effortless way. — Neil Patel, Forbes ‘Top 10 Marketer’ and revenue growth expert Good systems solve business problems, including unplanned overtime. Does your company have an unplanned overtime problem? If so, you’re...