Making PTO Payouts in Uncertain Times
The COVID-19 pandemic has created much uncertainty in the employment sector. One issue employers are facing is how to handle paid time off (PTO) payouts.
Tag: tax
Global Mobility Hit Hard By Coronavirus
As the coronavirus crisis worsens, multitudes of industries are experiencing supply shortages, closures by state and federal governments, labor shortages, and many other challenges.
Unemployment Compensation Basics
In this time of uncertainty, many employers are forced to make difficult staffing decisions. Already, thousands of employers have had to let employees go, as they find themselves without enough income to support their previous staffing levels.
States to Decide Stimulus Bill’s Effect on Unemployment Taxes
The COVID-19 pandemic that has sent the nation’s unemployment rate soaring may eventually—at least in some cases—affect employers’ unemployment insurance tax rates. Just who will be affected, though, remains an open question.
ESPP 101
If you’re seeing the headline and asking, “What is ESPP?” you’re not alone. “ESPP” stands for employee stock purchase plan or employee stock purchase program.
4 out of 5 Industries Saw Wage Decline in Q2 of 2018
The HR Daily Advisor recently sat down with PayScale’s Chief Economist, Katie Bardaro to discuss their recent findings that Q2 of 2018 saw wage decline.
Affected Parties Suggest Reasons, Methods for Expanding IRS Determination Letter Program
Retirement plan trade organizations and advocates, law firms, and other affected parties proposed to the Internal Revenue Service (IRS) an expanded range of circumstances they believe merit review and determination letter judgment by the tax agency.
4 Challenging Payroll Quirks and Questions for Employers
Usually payroll moves along smoothly. You record time worked and pay the hourly wage or overtime. Still, every once in a while, a situation crops up that makes you shake your head and start frantically thumbing through your policy manual for an answer. Here are a few common issues.
IRS Reduces Fee to Seek Determination Letters for Plan Termination
The Internal Revenue Service (IRS) is lowering back to 2017’s level the fee it charges for applications seeking determination letters for terminating retirement plans, the agency announced on March 14.
IRS Adjusts HSA Contribution Limit, Other Thresholds for 2018
The family contribution limit for a health savings account (HSA) for 2018 was reduced from $6,900 to $6,850 by the Internal Revenue Service (IRS), along with adjustments made to other IRS thresholds to reflect the recent tax legislation.