Dishonest employees may test the waters with payroll scams before they attempt bigger, bolder fraud ploys. In hindsight, these crimes may seem easy to catch. But weak internal controls can cause them to go on for months — or even years. In fact, the average duration of payroll scams was nearly three years, according to […]
After a long-standing rule that left room for interpretation when classifying workers, the U.S. Department of Labor (DOL) issued a new proposed rule that significantly simplifies the classification of employees and independent contractors under the Fair Labor Standards Act (FLSA). DM Payroll Solutions explores the new proposed rule and shares insight on how it can […]
The Department of Homeland Security (DHS) has announced another postponement of Form I-9 temporary requirements through its U.S. Immigration and Customs Enforcement (ICE). These temporary requirements gave way to a great deal of flexibility for the physical presence requirements that accompany the Form I-9 as the country continues to navigate the COVID-19 crisis. DM Payroll […]
The Internal Revenue Service (IRS) is urging employers to encourage their employees to use its tax withholding estimator when filing their 2020 tax returns. The estimator is an effective tool when it comes to calculating taxes as well as avoiding any future surprises when it comes time for tax season. While there are still months […]
The U.S. Department of Labor (DOL)’s Wage and Hour Division (WHD) and Employment and Training Administration (ETA) recently published new guidance providing insight into the reopening of schools across the country. The guidance includes a new FAQs section offering further information to both employees and employers about paid leave under the Families First Coronavirus Response […]
One of the most complicated challenges to navigate amongst the nationwide COVID-19 shutdown is making decisions about employee pay. Since the pandemic is truly the most unprecedented event in our lifetime, there are no set instructions or past experiences to explain how employers should proceed, especially with something as sensitive as pay. However, all employers […]
When it comes to managing your company’s payroll processing, the task has historically been considered as a back-office, administrative role. However, your payroll manager has the significant task of serving your business’s most important asset: its people. Given payroll’s transactional nature, if you don’t have an effective payroll solution in place, it may be difficult […]
The Internal Revenue Service (IRS) recently issued Notice 2020-54 detailing how employers must report the amount of emergency sick leave wages as well as expanded family leave wages paid to their employees under the Families First Coronavirus Response Act (FFCRA) within the time period of Apr. 1, 2020 and Dec. 31, 2020. DM Payroll Solutions […]
As a business owner, keeping tight payroll records is imperative. However, can you confidently say which records your business needs to keep and for how long? While your company grows and you hire more and more employees, you likely will run out of room (physical and/or virtual) to house each employee’s individual paperwork. After awhile, […]
In light of the COVID-19 crisis, the Internal Revenue Service (IRS) has issued new guidance pertaining to cafeteria plan changes, health flexible spending arrangements (FSAs) and health savings accounts (HSAs) in IRS Notice 2020-29 and Notice 2020-33. The new guidance provides flexibility to employees across the country as businesses continue to navigate the current health […]
