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IRS and Justice Dept Announce Payroll Tax Crackdown

The IRS and the Justice Dept announced plans to step up their crackdown on employers that do not send withheld payroll taxes to the federal government as required. Officials emphasized that there would be no special exception if employers use the funds to keep the doors of the business open. Employers withhold those funds on [...]

By |May 27th, 2015|News|Comments Off on IRS and Justice Dept Announce Payroll Tax Crackdown

Labor Dept Submits New OT Regulations

The Labor Dept recently announced that they have submitted their newly proposed overtime regulations for salaried employees to the Office of Management and Budget. As you may recall, in March of 2014,  President Obama issued an Executive Order the intent of which is to significantly change the payroll requirements of salaried employees as it relates to overtime. [...]

By |May 20th, 2015|News|Comments Off on Labor Dept Submits New OT Regulations

Treasury Dept. Considers Reduced Threshold for W-2 E-Filing

The Government Accountability Office has recommended that the required threshold for electronic filing of W-2's be reduced to between 5 and 10 forms per year. The current threshold is 250 forms. All businesses filing 250 W-2's or more must file them electronically, unless granted a waiver by the IRS. There are two main advantages to [...]

By |May 4th, 2015|News|Comments Off on Treasury Dept. Considers Reduced Threshold for W-2 E-Filing

Time & Pay Adds Electronic Notification Services!

New system also includes Secure Documentation Services At Time & Pay, we are always working on ways to improve the value and security of the services we offer. We are pleased to announce the implementation of a new electronic notification and secure document storage service. These new services help ensure you get the information you need to [...]

By |April 20th, 2015|News|Comments Off on Time & Pay Adds Electronic Notification Services!

Time & Pay Introduces Labor Scheduling System

Time & Pay is pleased to announce the introduction of our comprehensive Work Force Scheduling System, TimeSimplicity™. Fully integrated with our automated time and attendance system, TimeSimplicity™ is an excellent addition to our WorkForce Management Systems that will manage your: Time and Labor Costs Scheduling Leave Management Attendance Job Tracking Compliance If you are using calendars or [...]

By |April 3rd, 2015|News|Comments Off on Time & Pay Introduces Labor Scheduling System

Time & Pay Now Provides Income Verification Services

Have you ever had to verify income for one of your employees? If they have asked for credit, bought a house or sought financial assistance, chances are you've spent valuable time providing confirmation of the income information the employee provided the creditor. This can be a very time consuming task. You must: Verify the identity [...]

By |March 26th, 2015|News|Comments Off on Time & Pay Now Provides Income Verification Services

Payroll and Data Security.

Needless to say, payroll involves a lot of sensitive data. Name, Address, Social Security Number, Bank Acct Numbers, just to name a few of the sensitive items. Time & Pay takes the responsibility of maintaining the security of that data very seriously. This is why we are pleased to announce the implementation of new and [...]

By |March 6th, 2015|News|Comments Off on Payroll and Data Security.

Payroll, Sick Leave, The ACA and More

A few items regarding payroll and employees... In January, President Obama unveiled new proposals to support and encourage  businesses granting more paid sick leave to employees. In what the administration hopes will "strengthen the middle class by giving working families the flexibility to balance their families and their job", the president proposals include: Calling on Congress, [...]

By |February 22nd, 2015|News|Comments Off on Payroll, Sick Leave, The ACA and More

Home Health Care Situation..W-2 or 1099?

We recently had a home health care firm customer describe a situation to us. They have an health care provider who takes care of an individual in their own (the health care provider's) home. The individual is not related. The State pays the home health care firm funds to provide the care  to the individual. [...]

By |February 6th, 2015|News|Comments Off on Home Health Care Situation..W-2 or 1099?

W-2’s and the ACA

The Affordable Care Act (ObamaCare) is raising all kinds of questions for payroll departments as well as tax professionals. Regulations continue to be defined and revised as the program develops. And the IRS recently announced that since they have cut back on staff, if you call them regarding questions concerning the program that they are [...]

By |January 27th, 2015|News|Comments Off on W-2’s and the ACA