Hey Compliance Warriors! On May 20, 2020, the U.S. Department of Labor announced a final rule that allows employers to pay bonuses or other incentive-based pay to salaried, nonexempt employees whose hours vary from week to week. The final rule clarifies that payments in addition to the fixed salary are compatible with the use of […]
Hey Compliance Warriors! If your PPP loan wasn’t quite enough, or if you weren’t able to get to it because of the first-come-first-serve nature of it, then you can try an MSLP loan. They’re quite different from PPP loans so read the details carefully below. Read on… Article Via: hollandhart.com “The Board of Governors of […]
Hey Compliance Warriors! The U.S. Department of Labor today announced a final rule to provide greater simplicity and flexibility to retail industry employers. Provisions in the Fair Labor Standards Act (FLSA) allow employers in retail and service industries to exempt certain employees paid primarily on a commission basis from overtime. Read on… Today’s rule withdraws […]
Hey Compliance Warriors! Yesterday, Friday, May 15th, 2020, the SBA and U.S. Treasury released the highly anticipated PPP Loan Forgiveness Application. The application and instructions total 11 pages and come with new instructions for the confusing FTE calculations and a 2-part application/worksheet combo. We were also told which documents must be submitted along with your worksheets […]
On May 11, the IRS updated FAQs 64 and 65 and added new FAQ 79. Q&As 64 and 65 now state that employers can claim the ERC for qualified health care expenses regardless of whether the employee is paid qualified wages. The revised FAQs clarify this new interpretation with five examples in which qualified health care […]
Employment Law Blogs, Human Resources, Payroll, Virginia
Virginia Minimum Wage Goes Up – So Do Wage & Hour Claims
Hey Compliance Warriors! Virginia tried to do right by employees and give the minimum wage a boost. Along with some other legislation changes, now they’re seeing cases crop up because of the new laws. Read on… Article Via: natlawreview.com “Is Virginia the new California? That may be an exaggeration, but in April 2020 the […]
Employment Law Blogs, Human Resources, Payroll, payroll law
Guidance On Wage Withholding Requirements While Remote Working
Hey Compliance Warriors! More guidance has been provided on the subject of withholding requirements for those that are temporarily working from home because of Covid-19. This is largely a state by state issue, so read carefully to see if you or your employees are affected. Read on… Article Via: faegredrinker.com Nationwide stay-at-home orders issued in […]
HR News, Payroll, payroll law, taxes
IRS: Three tax credits are available to many businesses hit by COVID-19
Hey Compliance Warriors! The Internal Revenue Service today reminds employers affected by COVID-19 about three important new credits available to them. Read on…
Hey Compliance Warriors! Unemployment Compensation audits are about to be a top-level issue for HR and payroll professionals. Are you ready? Do you know what you need to do to get ready for challenges to UI charges and complaints? Read on…
Employment Law Blogs, HR News, Human Resources, Payroll, payroll law, taxes
Employers Are Overlooking The CARES Act Employee Retention Credit
Hey Compliance Warriors! A benefit to the CARES act has been overlooked by employers quite a bit. The ability to receive a tax credit for retaining your current employees. What goes into receiving this credit and how beneficial is it really? Read on… Article Via: velaw.com “Employers faced with difficult decisions about whether to lay […]