Payroll
Tax Court Approves Compensation Paid to Business Founder’s Sons
On its tax returns, the company deducted about $4 million in compensation and $7.3 million paid to the sons in 2003 and 2004, respectively. The IRS audited the business and partially disallowed the deductions for compensation.
The Push for a $15 Minimum Wage
As more politicians and union-affiliated groups push for higher minimum wages, employers need to prepare now for the significant financial, compliance, and regulatory challenges these changes bring.
The Timing of a Job Interview May Be Big Factor
"Mid-morning is an ideal time for a job interview because it gives the interviewer time to set daily priorities and settle into his or her day before the meeting," said Bill Driscoll, district president for Accountemps. "Avoid scheduling an ...
Chain Restaurant Group Calls New Overtime Regs “Outrageous”
As a result of the Labor Department's new overtime rules, management positions in restaurants will disappear, limiting career advancement and hurting restaurant employees and owners, according to the National Council of Chain Restaurants.
Are Your Clients Ready for Sweeping Changes in Overtime?
For businesses, this could be the next big compliance challenge following the Affordable Care Act. So it’s concerning that many employers are not fully prepared to navigate the new rules.
New Labor Rules Change Minimum Salaries for Exempt Workers
The release of new revisions to the Fair Labor Standards Act's ("FLSA") dramatically changes the prerequisites for treating an employee as exempt under the FLSA's "highly-compensated" exemption.
American Payroll Assn Names Thomson Reuters Exec Jim Paille as President
Paille has been a member of the APA since it was founded in 1982 and served on its board of directors for the past 11 years. He brings to the position a wealth of knowledge from an accounting and finance career that spans 40 years.
What Millennials Think About Credit Scores and Credit Cards
Millennials are now the largest generation of working-age adults in the country, even though their Boomer and X counterparts still take an occasional jab at how the "internet generation" has always had it so easy or is, perhaps, a little out of touch ...