News

What’s New? Does your organization encourage annual W4 reviews?  Each year, employers are forced to have tough conversations with employees that owe more taxes than expected after they file their return.  While the employer is responsible for withholding and filing payroll taxes on their employee’s behalf, it is up to the employee to determine how

What’s New? The IRS uses a 20 factor test when considering whether a worker is an employee or independent contractor.  With a new final rule set to go into effect on March 11, 2024, it’s a good time to review these factors, as well as how workers are classified within your organization. What are the

What’s New? On January 10th, 2024 the Department of Labor announced a final rule that will be used when determining whether a worker should be classified as an employee or independent contractor.  The new rule will replace the previous rule established in 2021, and is set to go into effect on March 11th, 2024. What

What’s New? The Department of Labor announced a proposal that would extend overtime for lower-paid salaried workers who are currently considered “exempt” from overtime pay.  Currently, the minimum salary requirement for an employee to be considered exempt is $35,568 per year (or $684 per week).  The overtime proposal would increase that requirement to $55,068 per

What’s New? Time & Pay partners with ZayZoon to offer employee financial wellness tools to their clients.  ZayZoon has been a leader in providing earned wage access to employees across the country since 2014.  Recently, however, they have expanded their offerings to help put more money in their users’ pockets, and provide more resources to

What’s New? The U.S. Department of Labor (DOL) requires employers to display official posters that inform employees of their rights and responsibilities under various federal laws.  Recently, the DOL has announced updates to certain labor posters are coming over the next few months.   These updated posters must be posted in an area readily available to

What’s New? As ERC fraud rises, the IRS is stepping up efforts to warn employers of parasitic companies, and encourage careful review ERC guidelines before claiming any tax credits.  The Employee Retention Credit program was created to incentivize employers to keep their employees on payroll in 2020 and 2021, despite economic conditions and supply chain

W2’s have been issued, and it is officially tax season!  Business owners and HR managers should be prepared to answer questions from employees whose tax refunds have been affected by child tax credit advances sent out by the IRS in 2021. What’s New? Each year, employees anxiously await their W2 so that they can file their

What’s New? The infrastructure bill, signed by President Biden on 11/15, has ended the employee retention credit program effective 9/30/21.  This means that the majority of employers will not be able to claim the credit for Q4 of 2021.  Only employers who qualify for the ERC as a recovery startup business will be able to

What’s New? Employers that began carrying on a business after February 15th, 2020 may now be eligible for the employee retention credit in the 3rd and 4th quarter of 2021 if they qualify as a Recovery Startup Business.  An employer is considered a Recovery Startup Business if: They did not exceed $1 Million in average

April 15, 2021 Posted by: Andy Scheu Categories: COVID19 Resources, Human Resources No Comments What’s New? On March 11, the American Rescue Plan Act of 2021 was signed into law by President Biden.  Much like the Families First Coronavirus Response Act of 2020, this act makes tax credits available to employers whose employees miss time

The Employee Retention Credit (ERC) program has been expanded through the Economic Aid Act, making the credit more available to employers who meet certain criteria, including…

Human Resource liabilities management is one of the toughest issues facing employers today. The topics highlighted below describe some of the numerous areas businesses must pay close attention

Outsourcing payroll can 100% save you money. Here’s how: In general, professional payroll services only get paid for the number of checks they produce…

February 8, 2021 Posted by: Andy Scheu Category: Time & Attendance No Comments Question:  How do I reduce labor costs? Answer:  Accurately track employee time down to the minute. “It’s Only 5 Minutes!” is often what employers think when considering their employees' time cards.  What is “It’s only 5 minutes” really costing you though? The cost

February 8, 2021 Posted by: Andy Scheu Category: Human Resources No Comments Question:  What are my HR requirements? Hiring employees is becoming even more burdensome with extensive Human Resource Management requirements. As you can see, we offer many systems and services to make sure you keep up with the ever expanding Human Resource Management requirements

January 1, 2021 Posted by: Andy Scheu Category: Human Resources No Comments Employers can receive up to $9,600 in tax credits for hiring certain individuals from eligible target groups through the Work Opportunity Tax Credit, or WOTC. Time & Pay’s Applicant Tracking and Onboarding system through Payentry allows employers to easily identify which applicants would

September 30, 2020 Posted by: Andy Scheu Category: Payroll No Comments What’s New? Time & Pay has recently announced an automated integration with QuickBooks online. The new QuickBooks Online payroll integration will quickly post required information to a company’s general ledger immediately after payroll is processed, saving our clients the time and headaches involved in

August 12, 2020 Posted by: Andy Scheu Category: Payroll No Comments What’s New? Over the weekend, President Trump issued an executive memorandum that will give employees the option to suspend the collection of their Social Security payroll taxes. This option will be made available to employees making less than $4,000, pre-tax, over a bi-weekly pay

June 5, 2020 Posted by: Andy Scheu Categories: COVID19 Resources, Human Resources, Payroll, Time & Attendance No Comments What’s New? President Trump has officially signed a bill passed by the House and the Senate that loosens the requirements for PPP Loan forgiveness. This bill was passed in response to feedback that suggested more money was

April 3, 2020 Posted by: Andy Scheu Categories: COVID19 Resources, Human Resources No Comments What’s New? The U.S. Department of Labor has released the required information that employees must give their employers if they are in need of taking sick or family leave as a result of COVID-19, under the Families First Coronavirus Response Act.

April 2, 2020 Posted by: Andy Scheu Categories: COVID19 Resources, Human Resources, Payroll No Comments What’s New The IRS recently released a warning regarding coronavirus related scams tied to the recent loans grants, and tax incentives available through the CARES Act. The stimulus package has made trillions of dollars available to businesses and individuals, and

March 25, 2020 Posted by: Andy Scheu Categories: COVID19 Resources, Human Resources No Comments What’s New? The Department of Labor is requiring employers to post a notice regarding the Families First Coronavirus Response Act so that employees are aware of their rights as required by the new bill. All private sector employers with under 500

February 5, 2020 Posted by: Andy Scheu Category: Payroll No Comments What’s New? Your employees can have access to check stubs through Payentry’s mobile app! The app will allow employees to access personal information, pay information, and important tax forms through their mobile devices. Features include: Pay History:  Employees can view their payroll history and personal

October 10, 2019 Posted by: Andy Scheu Categories: Human Resources, Payroll, Time & Attendance No Comments Are Your Employees Now Eligible for Overtime? With the new overtime rule going into effect in 2020, employers are looking for ways to keep labor costs low, while remaining compliant with Department of Labor regulations. One strategy being considered

October 9, 2019 Posted by: Andy Scheu Categories: Human Resources, Payroll No Comments What Happened? On September 24th, 2019, the Department of Labor released the new overtime rule that will go into effect on January 1, 2020. Under the new rule, minimum salary requirements for White Collar Exemptions (executive, administrative, professional and highly compensated individuals)

August 12, 2019 Posted by: Andy Scheu Category: Payroll No Comments What Happened? KeyBank recently filed a lawsuit against Interlogic Outsourcing, Inc., accusing the company and its owner and CEO, Najeeb Khan of “willful breaches of fraudulent conduct.” The accusations stem from a $122 Million wire transfer that was initiated by IOI, despite not having

June 20, 2019 Posted by: Andy Scheu Categories: Human Resources, Payroll No Comments Independent Contractor or Employee? When classifying a worker as an independent contractor or employee, employers should consider the following factors: Does the company have the right to control what and how the worker does the job? Does the company control how the

February 26, 2019 Posted by: Andy Scheu Category: Human Resources No Comments Identify Phishing Emails The IRS has issued a warning about an increase in phishing email scams directed at payroll and HR personnel. The scams generally involve employee W2’s, direct deposit information, or wire transfers. If successful, these scams can cost your company and

October 30, 2018 Posted by: Andy Scheu Categories: Human Resources, Payroll No Comments What's New? Employers are recognizing that financial stress is major factor when it comes to maintaining a positive and productive work environment. In fact, 28% of employees say that financial stress is a distraction for them at work. Stressed employees tend to

July 18, 2018 Posted by: Andy Scheu Category: Human Resources No Comments To help employers get control of their benefits costs, EverythingBenefits, a provider of comprehensive, next-generation benefit technology solutions and services, recently released a new e-book, titled “Get Your Escalating Benefits Costs Under Control”. The free 12-page e-book explains why there is a growing

May 8, 2018 Posted by: Andy Scheu Category: Payroll No Comments What’s Changed? In an effort to reduce costs, Wells Fargo has agreed to transition their payroll services clients to payroll and HR giants, ADP. The transition, which will begin May 24th, is scheduled to be completed by the beginning of the first quarter of

January 23, 2017 Posted by: Andy Scheu Categories: Human Resources, Payroll No Comments Employers with over 50 employees now required to use E-Verify. Starting January 1, 2017, all Tennessee employers with 50 or more employees will be required to use the E-Verify system in order to verify the employment eligibility of workers hired on or

April 12, 2016 Posted by: Andy Scheu Categories: Affordable Care Act (ACA), Human Resources No Comments The Affordable Care Act (ACA) results in a lot of questions for employers. Are you and ALE? What are your ACA requirements? Do you need to file 109-4/95 A, B or C? Do you need to be concerned with

March 16, 2016 Posted by: Andy Scheu Category: Affordable Care Act (ACA) No Comments Below are important ACA definitions that will help you understand your ACA requirements- Administrative Period: An optional period of time less than 90 days that employers may use to identify and enroll newly eligible full-time employees in the company health care

March 12, 2016 Posted by: Andy Scheu Categories: Affordable Care Act (ACA), Payroll No Comments According to the Affordable Care Act, all American citizens must be enrolled in a health insurance plan in some form that provides Minimum Essential Coverage or pay penalties. That is how broad and wide ranging the ACA is. There is

November 30, 2015 Posted by: Andy Scheu Category: Human Resources No Comments We get many questions regarding employer’s responsibilities in terminating an employee and the Tennessee Separation Notice requirements. As the Notice states, employers are required to provide the terminated employee with the Separation Notice within 24 hours of termination. The easiest way to do

August 12, 2015 Posted by: Andy Scheu Categories: Human Resources, Payroll No Comments According to the Affordable Care Act (ACA), all American citizens must be enrolled in some form of health insurance plan that meets minimum essential coverage or pay penalties. There is no doubt that this broad reaching plan has significantly impacted the way

February 6, 2015 Posted by: Andy Scheu Categories: COVID19 Resources, Human Resources, Payroll No Comments We recently had a home health care firm customer describe a situation to us. They have an health care provider who takes care of an individual in their own (the health care provider’s) home. The individual is not related. The

January 19, 2015 Posted by: Andy Scheu Category: Time & Attendance No Comments Track On-The-Go Employees with Mobile Timekeeping Time & Pay offers a mobile timekeeping app, TimeWorks Mobile, to companies who need to track time for employees that work out in the field. This app is available for all Android and Apple devices, and

March 1, 2014 Posted by: Andy Scheu Category: Time & Attendance No Comments Not convinced our Automated Time and Attendance services are right for your business? Return on Investment (ROI) is a way to determine the overall financial benefits you can have with our ATA system. Wouldn’t you invest in a system that can provide

November 19, 2013 Posted by: Andy Scheu Categories: Human Resources, Payroll No Comments 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.