The U.S. Department of Labor (DOL) has issued a new final rule revoking the joint employer final rule under the Fair Labor Standards Act (FLSA) set into effect on March 16, 2020. The new rule has an effective date of Sept. 28, 2021, and was proposed on March 12, 2021. DM Payroll Solutions sheds light […]
The process of onboarding new hires is a necessary, but complex, part of an organization’s talent management system. On top of getting your new hires up to speed with their new roles, there’s a mountain of paperwork for taxes, benefits and payroll that must be addressed. Fortunately, onboarding automation is an accessible technology many organizations […]
In an effort to assist small and medium employers in claiming credits for voluntarily offering paid sick and family leave under the American Rescue Plan Act (ARPA), the Internal Revenue Service (IRS) drafted over 120 new FAQs to provide further clarity. While there were existing FAQs about tax credits for qualified leave wages paid for employees’ leave taken before […]
The Internal Revenue Service (IRS) recently issued a statement sharing the 2022 maximum contribution levels for health savings accounts (HSAs), out-of-pocket spending limits and deductible minimums for high-deductible health plans (HDHPs) that have to be used in tandem with HSAs. The IRS releases the cost-of-living adjustments annually by June 1 and the updates apply to […]
The Department of Homeland Security (DHS) recently announced its ninth extension of temporary requirements offering flexibility of physical presence requirements associated with Form I-9 (Employment Eligibility Verification) through the U.S. Citizenship and Immigration Services (USCIS). DM Payroll Solutions highlights the new extension and offers insight on what employers should know about Form I-9 reporting in […]
Last month, the Internal Revenue Service (IRS) issued a new notice containing guidance for employers who wish to claim the Employee Retention Credit (ERC) in the first two quarters of 2021. Employers can access the credit before filing their employment tax returns by simply reducing employment tax deposits. DM Payroll Solutions highlights the top five changes to […]
The Internal Revenue Service (IRS) created a new fact sheet offering guidance for small to mid-size employers wishing to leverage the refundable tax credits under the American Rescue Plan Act (ARPA). The new guidance states the tax credits will reimburse employers for the cost of offering paid emergency sick and expanded family and medical leave […]
Recently, the U.S. Department of Labor (DOL) issued EBSA Disaster Relief Notice 2021-01, a communication especially of interest to employers. The notice clarifies the duration of COVID-19-related deadline extensions applying to healthcare benefit plans. Continuing Extensions The DOL and the Internal Revenue Service (IRS) issued guidance last year stating that the COVID-19 outbreak period – […]
Nearly a year after the Coronavirus Aid, Relief, and Economic Security (CARES) Act was enacted and just days before the second extension of pandemic unemployment relief was set to expire on Mar. 14, 2021, President Biden signed the American Rescue Plan Act of 2021 into law on Mar. 11, 2021. With a price tag of […]
After President Biden’s recent memorandum requesting a pause to allow for the review of new and pending rules, the U.S. Department of Labor (DOL) announced there will be delays to the tip credit and worker classification final rules under the Fair Labor Standards Act (FLSA). Keep reading to learn more about the repercussions the final […]
