Payroll
2020 Review of Paychex Flex
Paychex Flex www.paychex.com From the 2020 reviews of professional payroll systems. Paychex Flex is an online payroll service application from Paychex. Designed for small businesses with up to 50 employees, Paycheck Flex offers three plans: Paychex Go, Paychex Flex Select, and Paychex Flex Enterprise. All three plans offer full-service payroll, including processing and remitting of […]
79% of Americans Still Feeling Financial Stress Due to Covid
About one third (34 percent) of Americans say they are “extremely/very concerned” about their personal financial situation right now, compared to 43 percent when the survey was issued in April. Combined with the 34 percent who say they are ...
35% of U.S. Companies Cutting Projected Pay Raises for 2021
The survey also found two in three employers (66%) are planning to award annual performance bonuses next year while less than one in 10 (8%) don’t expect to do so. The remaining 26% are undecided. Among respondents who plan to ...
Many Workers Feeling More Burned Out
More than one-third of workers surveyed (34%) said they are more burned out on the job today compared to a year ago. Of those respondents, 30% pointed to having a fuller plate at work as the top reason for rising levels of fatigue.
IRS Offers Final Regs for Tax Withholding for Retirement and Annuity Payments
The U.S. Department of the Treasury and the Internal Revenue Service have issued final regulations updating the federal income tax withholding rules for certain periodic retirement and annuity payments made after Dec. 31, 2020. Prior to the Tax Cuts and Jobs Act (TCJA), if no withholding certificate was in effect for a taxpayer’s periodic payments, […]
Report Shows 840,000 New Unemployment Claims
The number of Americans seeking unemployment benefits fell for a second week while remaining elevated, as the labor market makes scant progress amid risks of further weakness without additional federal stimulus.
58% of Americans Plan to Stop Using Cash After Covid-19
More than half (58%) don’t plan to go back to using cash after the pandemic ends, choosing instead to transition to a cash-free lifestyle. Millennials are leading the charge, with 64% making the switch, followed by 53% of Generation X, and 42% of Boomers.
Coronavirus, Lawsuits, and Workers Compensation
COVID-19 cases continue to rise following record numbers of new cases reported over the past few months in California, Florida, Texas, and several other states. This recent dramatic increase in cases has caused a sluggish reopening of the economy in ...