The Society for Human Resource Management (SHRM) provided this update on January 8, 2013:
Category Archives: Payroll
On October 18, 2012, Society for Human Resource Management (SHRM) provided the following update on the wage limits subject to the FICA tax:
“…some employees may see their take-home pay shrink in 2013 due to higher Social Security and Medicare taxes.
From Roy Maurer at the Society for Human Resource Management (SHRM) on 8/14/12
”The current Employment Eligibility Verification Form, commonly referred to as Form I-9, expires Aug. 31, 2012. Once it expires, what should employers do?
Swipeclock created a great example of how a time-keeping system can prevent employers from overpaying employees due to time card approximation (i.e. rounding up).
In a piece by Allen Smith, “Train Managers on Time Sheet Red Flags,” he illustrates the difficulty surrounding the timekeeping of employees. With reference to Lee Schreter (an attorney with Littler Mendelson in Atlanta) he writes that employee timekeeping records are often “highly suspect” when they are so regular. If a person works a regular job 9-5 and takes their lunch at the same time every day, this very well may be the case but according to Smith our common sense should tell us otherwise.
The IRS issued this statement on February 23, 2012 regarding the Payroll Tax Extension:
“WASHINGTON — The Internal Revenue Service today released revised Form 941 enabling employers to properly report the newly-extended payroll tax cut benefiting nearly 160 million workers.
On December 23, 2011, the IRS announced that the Social Security payroll tax cuts, enacted at the beginning of 2011, would be temporarily extended into 2012. Read the entire news release:
The Oregon and Washington minimum wage rates will increase for the 2012 year. The new rates are effective January 1, 2012:
- Oregon will increase from $8.50 to $8.80/hr.
- Washington will increase from $8.67 to $9.04/hr.
Each year, in celebration of National Payroll Week, the Xenium payroll professionals.
This year, Kristy Roberts, a Senior Payroll Specialist with Xenium, chose Matty Berryessa of Oregon Athletic Clubs (pictured below).
Matty Berryessa and Kristy Roberts
By Brandon Laws