If you own or operate a long-term health care facility, you are now required to meet the Payroll Based Journal (PBJ) requirements. Payroll Partners wants to help you become a PBJ expert! We wish it was as simple as making a peanut butter and jelly sandwich but,...
Employee
How Long Do You Have to Retain Payroll Records?
The Social Security Administration and the IRS have issued a joint publication that offers valuable pointers for employers who want to clean up their old payroll files. In most (but not all) cases, that means following a four-year retention rule. The publication...
The Differences Between Tips vs. Service Charges
The IRS has updated a fact sheet that explains the differences between tips and service charges [Fact Sheet 2017-8, 4/25/2017]. Tips Definition Tips are discretionary (optional or extra) payments determined by a customer that employees receive from customers. Tips...