About Steve Scheu

Steve has been a entrepreneur all his life, managing a number of small businesses and gaining a good understanding of payroll and all the related issues. In 1992, he started Time & Pay, one of the first professional payroll services to offer fully integrated payroll and automated timekeeping. Since then, Time & Pay has had the opportunity to provide businesses of all types and sizes throughout the US cost-effective payroll and related solutions. "It is one of the great pleasures of our business to work with businesses of all types and sizes and offer managers tools that truly help them better manage their payroll and their employees, keep them out of compliance trouble, and save them money and time."

Time & Pay Hires Knoxville Account Executive

Time & Pay is pleased to announce that it has hired an account executive for the greater Knoxville area.  VP Andy Scheu notes, "Laura Adams is a great addition to our firm.  As you will read below, the knowledge that Laura gained from her previous work experiences will ensure that she is able to help [...]

By | November 1st, 2017|News|Comments Off on Time & Pay Hires Knoxville Account Executive

IRS Announces 2018 Pension Plan Adjustments*

WASHINGTON — The Internal Revenue Service announced cost of living adjustments affecting dollar limitations for pension plans, including 401(k)'s, and other retirement-related items for tax year 2018. The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is increased from $18,000 to $18,500. The catch-up [...]

By | October 31st, 2017|News|Comments Off on IRS Announces 2018 Pension Plan Adjustments*

Are You Getting All You Need to Help You Better Manage Your Payroll and Your Employees?

Let Time & Pay help you with all your payroll details. Time & Pay has the tools you need to better manage your payroll and your employees.  While we work at making sure our customers are aware of all we offer, we have learned that you need a friendly reminder every once in a [...]

By | October 24th, 2017|News|Comments Off on Are You Getting All You Need to Help You Better Manage Your Payroll and Your Employees?

Payroll News Briefs

Payroll News You Can Use: Social Security Dept Announces 2018 Taxable Wage Base The Social Security Dept announced that the taxable wage base for 2018 will be $128,700. This is an increase of $1,500 over last year's wage base of $127,200. The wage base is the amount of wages an employee must earn before their Social Security [...]

By | October 17th, 2017|News|Comments Off on Payroll News Briefs

Federal “Ban-The-Box” Bill Considered in Senate

A federal "Ban-the-Box" bill was granted a favorable review by the Senate Committee on Homeland Security and Governmental Affairs and sent on to the Senate for further consideration. "Ban-the-Box"  refers to not taking into account the criminal history of individuals in determing their qualification for employment. By prohibiting federal agencies and prime federal contractors from [...]

By | October 3rd, 2017|News|Comments Off on Federal “Ban-The-Box” Bill Considered in Senate

Federal Contract Minimum Wage to Increase

The Labor Department’s Wage and Hour Division announced that the minimum wage rate for workers performing work on or in connection with Federal contracts covered will increase to $10.35 per hour beginning January 1, 2018. Also to go into effect on that date will be the required minimum wage that must be paid to tipped [...]

By | September 18th, 2017|News|Comments Off on Federal Contract Minimum Wage to Increase

New Obama Overtime Rule Nullified by Court

On August 30, 2017,  the same Texas court that in Nov 2016 postponed the implementation of the Obama administration's expansion of overtime formally nullified the implmentation of the new overtime rule. The court ruling stated that the previous administration overreached their authority when it significantly expanded the number of people covered by the rule. On [...]

By | September 5th, 2017|News|Comments Off on New Obama Overtime Rule Nullified by Court

IRS Warns of Scam

As per IRS Newsletter IR-2017-134  8/28/17 WASHINGTON – The Internal Revenue Service today warned people to avoid a new phishing scheme that impersonates the IRS and the FBI as part of a ransomware scam to take computer data hostage. The scam email uses the emblems of both the IRS and the Federal Bureau of Investigation. [...]

By | August 28th, 2017|News|Comments Off on IRS Warns of Scam

New Overtime Rule Under Review

The Department of Labor (DOL) has announced they are putting the new overtime rule implemented during the Obama administration under review by putting out a Request for Information to the business community. As most employers are aware, the Obama administration, through Executive Order, increased the salary level for non-exempt employees, (those employees subject to overtime) [...]

By | August 10th, 2017|News|Comments Off on New Overtime Rule Under Review

“Fair Workweek” Ordinances Begin To Go Into Effect

Employers need to pay attention as similar regulations pop up around the country. Payroll specialist are taking note as more cities, and possibly states, start to pass ordinances related to Fair Workweek laws. The purpose of these regulations is to set employee work schedule requirements, particularly for certain industries, and compensate employees for any adjustments [...]

By | July 21st, 2017|News|Comments Off on “Fair Workweek” Ordinances Begin To Go Into Effect