Can You Trust Your Payroll Provider? Why the IOI Lawsuit Has Businesses on Edge

What Happened? KeyBank recently filed a lawsuit against Interlogic Outsourcing, Inc., accusing the company and its owner and CEO, Najeeb Khan of "willfull breaches of fraudulent conduct."  The accusations stem from a $122 Million wire transfer that was initiated by IOI, despite not having the funds to cover the transaction.  The IOI payroll lawsuit has [...]

By | August 12th, 2019|Uncategorized|Comments Off on Can You Trust Your Payroll Provider? Why the IOI Lawsuit Has Businesses on Edge

Employee or Independent Contractor: The Consequences of Misclassification

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 worker is paid or reimbursed?  Are they paid hourly or a salary? Does [...]

By | June 20th, 2019|Uncategorized|Comments Off on Employee or Independent Contractor: The Consequences of Misclassification

New W4 for 2020 Tax Season

Disappointing Tax Return? Tax season is over for now, and some tax payers may have been disappointed with the size of their tax refund, or worse, surprised that they still owed the IRS money.  Changes to the tax code have reduced the effectiveness of the current W4 in helping calculate how much federal income tax [...]

By | April 17th, 2019|Uncategorized|Comments Off on New W4 for 2020 Tax Season

How to Identify and Avoid Payroll Phishing Email Scams

How to 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 your employees thousands of dollars.  Here is a description of [...]

By | February 26th, 2019|Uncategorized|Comments Off on How to Identify and Avoid Payroll Phishing Email Scams

2019 W4 Form Available, Major Changes Delayed Until 2020

The IRS has issued a new W4 form for 2019.  Changes to the tax code that were put into effect in early 2018 were expected to lead to major changes to the 2019 W4.  After initial feedback, however, the IRS has decided to delay those changes until 2020.  Although very similar to the 2018 W4, [...]

By | December 27th, 2018|Uncategorized|Comments Off on 2019 W4 Form Available, Major Changes Delayed Until 2020

2019 Payroll Update: Social Security Wage Base

The world of payroll and human resources is constantly changing.  It is important for business owners, and all those involved in payroll and HR processes, to stay up-to-date with IRS, Department of Labor, and other agency regulations in order to avoid costly fines and penalties.  Time & Pay is committed to helping you stay compliant, and in [...]

By | December 5th, 2018|Uncategorized|Comments Off on 2019 Payroll Update: Social Security Wage Base

Lowering Employee Financial Stress Will Increase Your Bottom Line

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 have more health issues, have bigger problems with attendance, and lower levels of work engagement.  [...]

By | October 30th, 2018|Uncategorized|Comments Off on Lowering Employee Financial Stress Will Increase Your Bottom Line

Thinking Out Loud Interview

Thank you to Carl Swann and Tim Cable for having us on their show, Thinking Out Loud for National Payroll Week!  If you missed it, you can listen to the interview here:   Topics discussed include: National Payroll Week Ways to reduce labor costs New W4 for 2019 Paycheck Checkup We hope it helps! [...]

By | September 11th, 2018|Uncategorized|Comments Off on Thinking Out Loud Interview

National Payroll Week 2018

Celebrate National Payroll Week with Time & Pay! Time & Pay is pleased to announce the celebration of National Payroll Week, Sept. 3-7, 2018! Time & Pay would like to thank and congratulate all employers and their employees for their hard work and contributions to the American economy, and for making America "work".  To help [...]

By | August 30th, 2018|Uncategorized|Comments Off on National Payroll Week 2018

It’s Time for a Paycheck Checkup!

With the new tax code for 2018, the IRS is strongly encouraging employees to perform a "Paycheck Checkup" to help ensure there are no unwelcome surprises at the end of the year in regards to their tax return. While many folks have noticed an increase in their take home pay as a result of the [...]

By | August 2nd, 2018|Uncategorized|Comments Off on It’s Time for a Paycheck Checkup!