At Namely, we pride ourselves on offering the best all-in-one HR platform for mid-sized companies. A great all-in-one platform is the sum of its parts, which is why our product and technology teams are continuously innovating and adding new features. But payroll is firmly at its core. Running payroll must be as reliable as turning on a light switch.
With unemployment reaching historic lows, companies are increasingly using “sign-on” bonuses to win over prospective talent. These are typically one-time payments offered to potential hires, used to incentivize them to join your company. Most are contingent upon the new employee working for the company for a minimum amount of time, typically a year.
The wait is over. After months of speculation, the IRS has finally released the newest version of the Form W-4—the tax form that employees fill out to indicate how much federal income tax should be withheld from their paychecks.
New York Governor Andrew Cuomo recently unveiled a proposal that has left the payroll community on alert—and some lawmakers scratching their heads.
On December 22, President Trump signed the 2017 Tax Cuts and Jobs Act, making good on a campaign promise to overhaul the U.S. tax code. The law marks the most substantial tax reforms since the Reagan administration and a substantial win for Congressional Republicans heading into the new year.
It’s not the flashiest part of your job, but it’s core: payroll. Paying your people accurately is the bare minimum your employees expect—and unfortunately, it's also one of the hardest things to get right. For multistate employers especially, payroll tax compliance ranks as the hardest part of HR’s job.
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The end of the year brings company parties, holiday parties, family parties, and my personal favorite, pizza parties. For those of us in payroll, there’s also third party sick pay. Put the ugly sweater away—you won’t need it for this kind of party.
If you view overtime reform as a partisan issue, remarks from Secretary of Labor Alex Acosta may give you reason to reconsider. Per a recent Bloomberg report, the Department of Labor (DOL) head told business leaders that he was leaning towards tying the minimum salary for overtime exemption to inflation. The news closely follows the agency’s surprise appeal of the court injunction that halted last year’s overtime rule changes.
For better or worse, work is anything but predictable. New York is looking to change that.
While working at the office this Thanksgiving might spare you from dinner table drama, does it also entitle you to extra compensation?