As the current coronavirus (COVID-19) emergency continues to wage on, the U.S. Equal Employment Opportunity Commission (EEOC) has issued an update to its guidance regarding handling pandemics within Title I and Title V of the Americans with Disabilities Act (ADA). The guidance was initially issued in 2009 for the H1N1 influenza pandemic, but the updates […]
In a guidance released by the Internal Revenue Service (IRS) on April 10, 2020, the organization addressed how the employment tax deferrals can be treated in relation to recently passed COVID-19 legislation, including the Families First Coronavirus Relief Act (FFCRA) and Coronavirus Aid, Relief, and Economic Security Act (CARES Act). DM Payroll Solutions has collaborated […]
DM Payroll Solutions is here to help your business navigate the complex payroll aspects of the recently passed Coronavirus Aid, Relief, and Economic Security Act (CARES Act) and the Families First Coronavirus Response Act (FFCRA). We’ve provided a brief summary of key provisions that may impact your business’s payroll below. Employer Social Security Deferral Provisions […]
In response to the Coronavirus (COVID-19) pandemic, President Trump signed into law the Families First Coronavirus Response Act on March 18, 2020 which will impact many employers. DM Payroll Solutions has outlined the highlights of the new law below. Emergency Paid Sick Leave Employers with fewer than 500 employees are required to provide paid emergency […]
The Department of Labor and Economic Opportunity has provided guidance to Michigan employers on ways to avoid potential layoffs related to COVID-19. At this time, employers are strongly urged to place employees on temporary leave and advise the worker they expect to have work available within 120 days as opposed to termination. This option provides […]
As a 401(k) plan sponsor, it is easy to become overwhelmed with all of your responsibilities that comes with it – educating employees, staying compliant with regulations, following plan terms, handling participant contributions and much more. With the help of some automation you can ease some of this burden by integrating your payroll and 401(k) […]
The U.S. Department of Labor (DOL) announced it has increased the civil monetary penalties for violating federal minimum wage, overtime, posting and safety requirements. These increases come as a result of the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015, in which federal agencies must issue regulations annually to adjust for inflation of […]
The Setting Every Community Up for Retirement Enhancement Act, better known as the SECURE Act, was signed into law at the end of December to help more Americans prepare and plan for greater financial security during their retirement years. Here are some highlights of the main provisions impact on retirement plans: Tax Credit Increased: The […]
The Department of Labor (DOL) has issued a final rule to revise and update its regulations under the Fair Labor Standards Act (FLSA) aimed at clarifying when a worker, including those outsourced, are employed by more than one company. The final rule, set to take effect Mar. 16, 2020, created a four-part test to determine […]
The Internal Revenue Service (IRS) extended the deadline for furnishing 2019 Forms 1095-B and 1095C to its employees from Jan. 31 to March 2. Every year since the Affordable Care Act (ACA) requirement went into effect, the due date has been delayed due to a substantial number of employers, insurers and other providers of health […]
