Identify Payroll Phishing Email Scams The IRS has warned businesses and human resource personnel about an increase in payroll phishing emails revolving around direct deposit, wire transfer, and W2 scams.  Here is a description of each scam, and how they generally work: Direct Deposit-  the scammer will impersonate an employee, usually an executive, and send an [...]

Time & Pay partner EverythingBenefits Provides Strategies to Reduce Benefits Costs 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 twelve-page e-book explains why there is a growing need for employers to work to [...]

PAID Program to Facilitate FLSA Wage and Overtime Compliance  In accordance with the mission of the Dept. of Labor’s (DOL) Wage and Hour Division to promote and achieve compliance with FLSA labor standards, designed to protect and enhance the welfare of the nation’s workforce, the DOL announced a new pilot program - the Payroll Audit Independent [...]

PayEntry NextGen to Improve and Enhance On-Line Payroll.  Time & Pay is pleased to announce that we will soon be releasing the next generation of PayEntry for payroll processing and management. Our developers have requested feedback from customers,  compiled their requests and redesigned the system with workflow enhancements that will improve the user’s experience while maintaining [...]

Payroll Taxes Account for 70% of Treasury's Collected Revenue  In a recent IRS news release, the Treasury Dept noted the significance of payroll taxes and their  submission process in meeting the revenue collection and cash flow needs of our Federal Government. According to the IRS, of the $3.42 trillion that was paid into the Treasury [...]

IRS notes 60% increase in number of successful cybercriminal attacks Security experts and the IRS, including tax industry and state tax authorities, cautioned tax professionals to be on the alert for tax season cybercriminals that are helping fuel a dramatic uptick in reports of taxpayer data thefts from tax practitioner offices. The IRS has seen [...]

Employers are often concerned about employee discussions regarding their wages and benefits. While they may not like such discussions, employers should take note that they may not prohibit, or even hint at consequences, if employees discuss their compensation amongst each other. Employers may not in any way discipline or react in a negative way towards [...]

IRS Initiates Paycheck Check-Up Week, March 26-April 1 The IRS has issued the new W-4 for 2018 taking into account the new Tax Act which went into effect in January.  (The Advi$or notes that what used to be a 2 page document is now 4 pages!) Along with that release, the IRS launched a special week of [...]

It is not unusual for for-profit employers to bring on interns to work at their company. In not too distant past years, in general, many employers assumed the intern would not be paid. They worked for the valuable experience. However during the Obama administration, due to actions by the Dept. of Labor, employers needed to [...]

Time & Pay is pleased to announce the primary sponsorship of the 2018 2nd annual Johnson City Jazz Festival. The Jazz Festival will take place March 15, 16 and 17 at the Carnegie Hotel in Johnson City. "We are proud to work with the Jazz Festival again this year," noted Steve Scheu, CEO of Time [...]