Current News about Payroll Services
House Votes to Allow Comp Time
On May 2, The House of Represenatives approved a bill allowing private sector Comp Time. The House passed H R 1180 the Working Families Flexibility Act of 2017 which would allow private-sector employers to provide non-exempt employees compensatory time off at a rate of 1.5 hours per hour of overtime work. To be eligible, employees [...]
401(k) Plans- the Good and the Bad!
According to the DOL, the #1 most common 401(k) plan violation is the failure of the trustee to remit employee 401(k) contributions in a timely manner. There are good and bad aspects to offering your employees a 401(k) plan. Like any successful business owner, you have worked hard to get your business to a place [...]
Time & Pay Introduces Employee Benefit Enrollment System
Time & Pay now offers our Employee Benefit Enrollment system. Partnering with EverythingBenefits, Time & Pay can provide a system integrated with our PayEntry that will allow employers to manage benefits and their employee enrollment in company benefit offerings. If you are tired of all the work involved in managing employee benefits, now is the time [...]
Tennessee Labor Dept Requires New Labor Law Poster
The Tennessee Labor Dept has implemented changes that require a new labor law poster. The Tennessee Department of Labor and Workforce Development, Unemployment Division updated the unemployment benefit claims website, Jobs4TN.gov, as the official website to file claims and has connected the unemployment system with a job search database. This will allow a better connection [...]
Tennessee SUI Wage Base Unchanged in 2017
Tennessee SUI Wage Base to Remain Unchanged for 2017. Tennessee Dept of Revenue announced that the State's Unemployment Trust Fund did not exceed 1 billion dollars and thus the wage base for 2017 for determining SUI taxable income will remain at $8,000. As of late December, Tennessee was the only state in the union unable to [...]
Labor Department in the News for 2017
The Labor Department (DOL) is in the news at the beginning of 2017. DOL files legal brief regarding delay in new OT rule. The Labor Department filed a Brief on December 15, 2016 stating the the Texas court acted in error in delaying the implementation of the new OT rules that increased the wage cap [...]
Tennessee Now Requires E-Verify
Employers with over 50 employees now required to use E-Verify. Starting January 1, 2017, all Tennessee employers with 50 or more employees will be required to use the E-Verify system in order to verify the employment eligibility of workers hired on or after January 1. This new requirement results from a 2016 amendment to the [...]
20 States to Increase Minimum Wage Jan 2017
20 states increased minimum wage levels on January 1, 2017. They are: Washington DC +$ 1.00 to $ 12.50 Mass. + 1.00 to 11.00 Washington + 1.53 to 11.00 California [...]
IRS Extends Some Tax Deadlines for Gatlinburg Fire Victims
The Internal Revenue Service announced today that employers in Sevier County, TN (the county where Gatlinburg is located), affected by the Nov. 28 wildfires have until March 31, 2017, to file certain taxes. Under their announced tax relief, employment and certain excise tax returns due after Nov. 27 will be due by March 31. Additionally, [...]
The ACA and the Election
As a result of the of the November election, there seems little doubt that the ACA (ObamaCare) as it is known today will go through major changes, if not be completely repealed, under the new administration. However, this will not be an easy process as the program has now been in place for over 4 years. [...]