Deductions from an employee’s or student’s wages will be in accordance with applicable law and with the individual’s consent, unless the deduction is as a result of a court or government order.
Due to the Tax Cuts and Jobs Act, the Internal Revenue Service (IRS) has released a new federal Form W-4 Employee’s Withholding Certificate for tax year 2020. The new Form W-4 is significantly ...
Even if you hire an employee for just one day, you must pay him through your payroll system. To compensate the employee, start with her gross pay, which includes wages, bonuses and other compensation, ...
Payroll accounting includes paying employee wages, maintaining payroll records for each employee, paying and filing payroll taxes and complying with federal and state payroll laws. An employee's gross ...
All benefit-eligible faculty and staff may elect to sign up for payroll deduction in order to have charging privileges on campus. If you sign up for payroll deduction, you agree to allow the ...
The IRS has released a set of FAQs to answer questions about eligibility, reporting, and limits for the new, temporary ...
Anyone who runs a business and hires employees takes on new responsibilities for managing their staff. For example, they must run payroll, file payroll taxes and submit several payroll forms, ...
The Internal Revenue Service released a revised Form 941 on Thursday to allow employers to properly report the newly extended payroll tax cut, which has now been extended through the end of the year.