- Nevada Becomes First State to Enact Earned Wage Access Law - Arkansas Issue Revised Withholding Tables - North Dakota Issue Revised Withholding Tables - Florida Requires Certain Private Employers to Use E-Verify Beginning July 1 - Idaho Revises Withholding Tables, No Retroactive Withholding - Utah Revises Withholding Tables
With more than 20% of payroll reports changing each quarter, here are the most recent changes to payroll through June 2023.
As we close out the first quarter of 2023, the future of Payroll and HR has become the now of Payroll and HR. Many of the changes which started during the pandemic have been accelerated and have become permanent aspects of our working lives. Remote workers have expanded payroll compliance to multiple states for many companies for the first time. Finding efficiencies in an inflationary economy is paramount. And finally, security issues continue to be a primary concern.
Following another successful year-end filing season during which the Aatrix eFile Center processed millions of W-2s, 1099s, and 1095 (ACA) forms, Aatrix conducted its annual eFile customer survey. Customers were sent a short survey to help Aatrix evaluate their performance and our customers' satisfaction. This was the 15th annual survey, and once again, the results demonstrated that our customers are very satisfied with the performance of our eFiling solution.
The IRS made wholesale changes to the W-4 in 2020. The form was changed to allow more accurate withholdings due to the changes in the tax code related to the Tax Cut And Jobs Act passed in 2017. This legislation eliminated personal exemptions, increased the standard deduction, and made the child credit available to more people. Because employers and employees were not required to fill out new W-4s and the perceived complexity of the new process, most employees did not complete a new W-4. This…
The gig economy differs from the world of traditional full-time jobs that consist of the basic 9 to 5 schedule to employees who prefer temporary and flexible jobs. Gig workers are individuals who pursue these types of jobs, often applying for a temporary independent contractor or freelance position. Many of these employees prefer to work on their own flexible schedules in various environments.
With increased concerns regarding the security of employees' information, biometrics can be used in payroll management to streamline compliance with wage and hour laws and to limit access to secure systems.
Earlier this year, the U.S. Department of Labor’s (DOL) Office of Public Affairs officially responded to whether employers could pay employee wages in cryptocurrencies. The DOL explained that regulations under the Fair Labor Standards Act (FLSA) provide that wage payments may be made in cash or negotiable instruments (payable at par). In cryptocurrency, employers cannot make base wages (salaries or minimum wages) or overtime pay. Paying bonuses and other incentive payments in cryptocurrency is a…
To build efficiencies in the payroll process by eliminating paper checks, employers have used direct deposit since the mid-'70s. This effort to eliminate paper checks was always limited because many employees had no bank accounts. Since ATMs appeared, the ability to pay employees via a paycard has slowly become available.
The labor shortage in the US continues to be a significant challenge for most businesses as we recover from the pandemic and settle into the new reality. The Chamber of Commerce recently released a report that stated that 90% of businesses say it's difficult or very difficult to find workers right now. As of the October jobs report, job openings reached a high of 10.44 million. Nation-wide restaurant and retail traffic is up 52% since January, and many businesses are reducing hours because o…