2014 Deferred Comp Limit Amounts Announced

The IRS has announced 2014 deferred compensation limits. For Section 401(k) plans, 403(b) plans  and 457 plans, the contribution limit remains unchanged at $17,500. The catch-up contribution for those 50 and older remains at $5,500. The limit for defined-contribution plans under Section 415 rises to $52,000 in 2014, up from $51,000. The definition of a [...]

By | November 25th, 2013|News|Comments Off on 2014 Deferred Comp Limit Amounts Announced

Time & Pay Closed Nov 28 for Thanksgiving

Time & Pay's offices will close Wed Nov 27 at 5 pm. for the Thanksgiving holiday.  Payrolls will be shipped as usual but note that "Next Day Air"  delivery will not be delivered until Friday Nov 29. UPS Ground packages will not be delivered until Monday Dec 2 as UPS will have no delivery of [...]

By | November 22nd, 2013|News|Comments Off on Time & Pay Closed Nov 28 for Thanksgiving

How to Avoid Problems Terminating an Employee with Direct Deposit

Many companies make use of the advantages of paying their employees via Direct Deposit. It eliminates all the hassles associated with paper checks and thus saves money and time. Add in a completely paperless payroll process and employers see even more advantages. There can, however, be pitfalls in the direct deposit process as it relates to [...]

By | November 19th, 2013|News|Comments Off on How to Avoid Problems Terminating an Employee with Direct Deposit