U.S. DOL Proposes Increase to Minimum Salary for Exempt Employees
In a move that could impact millions of Americans, the United States Department of Labor (DOL) has proposed a significant increase to the minimum salary threshold for exempt employees under the Fair Labor Standards Act (FLSA). The long-anticipated proposal has the potential to bring about significant changes in the way employees classify their employees and […]
The Hidden Costs of Poor Customer Service from Your Payroll Provider
When it comes to running a business, efficient and reliable payroll is vital for maintaining employee satisfaction and organizational success. Unfortunately, not all payroll providers offer the same level of customer service, and the repercussions of receiving subpar support can be significant. Below, DM Payroll Solutions highlights the hidden costs that businesses may face because […]
District Court Upholds DOL’s Dual Jobs Final Rule on Tip Credit
In July 2023, a U.S. district court ruled the U.S. Department of Labor’s (DOL) dual jobs final rule under the Fair Labor Standards Act (FLSA) as valid. Several restaurant industry groups filed a lawsuit to halt the rule, but a Texas federal court issued an order rejecting the challenge. Although the industry groups plan to […]
How to Avoid Payroll Tax Penalties
When thinking about the tax obligations of your organization, the focus is normally on federal and state income taxes. But collecting, reporting and remitting payroll taxes in accordance with federal, state and local laws are equally important. The rules that come with payroll tax payments can be complex and the penalties for not meeting the […]
8 Ways to Keep Your Payroll Data Protected from Cyber Threats
Payroll security procedures are essential for safeguarding sensitive employee information, avoiding fraud and regulatory violations. Payroll data contains private information that should only be accessible by authorized individuals, such as employee names, social security numbers, tax information, bank account numbers and other private data. Yet, putting reliable payroll department security measures into place can take […]
Addressing Pay Equity at Your Company
Increased social awareness and workplace transparency have made pay equity more than just a standard compliance issue for many companies today. Business leaders are under increased pressure to fully understand and thoroughly respond to the issue of pay equity. Neither of those two broad challenges is a straightforward task. To start, fully understanding what pay […]
On-Demand Pay Makes 2024 Greenbook
The United States Department of the Treasury released its “General Explanations of the Administrations Fiscal Year 2024 Revenue Proposals,” also known as the Greenbook. This year’s Greenbook includes specific provisions related to on-demand pay that may impact your business’s payroll and related tax treatment, if passed. What is On-Demand Pay? On-demand pay, otherwise known as […]
Finding the Best Payroll Provider for Your Business
Outsourcing payroll comes with clear advantages, all of which contribute to the overall efficiency of a business. However, it’s important to partner with the correct payroll provider to ensure your business’s unique needs are met. The right payroll provider can save you time, money and stress with your payroll processing. Below are five reasons it […]
Misconceptions of a Mid-Year Switch
Are you dissatisfied with your payroll provider, but are worried about the complexities of switching to a new one? Many businesses believe the only time they can change payroll providers is by waiting until the end of the calendar year and running their first payroll in January. The truth is the middle of the year […]