Payroll Briefs

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Guidance for Michigan Employers Contemplating Layoffs

The Department of Labor and Economic Opportunity has provided guidance to Michigan employers on ways to avoid potential layoffs related to COVID-19. At this time, employers are strongly urged to place employees on temporary leave and advise the worker they expect to have work available within 120 days as opposed to termination. This option provides […]

The Perks of 360° Integration of Payroll and 401k Administration

As a 401(k) plan sponsor, it is easy to become overwhelmed with all of your responsibilities that comes with it – educating employees, staying compliant with regulations, following plan terms, handling participant contributions and much more. With the help of some automation you can ease some of this burden by integrating your payroll and 401(k) […]

Annual Adjustments of FLSA/FMLA Violations Announced

The U.S. Department of Labor (DOL) announced it has increased the civil monetary penalties for violating federal minimum wage, overtime, posting and safety requirements. These increases come as a result of the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015, in which federal agencies must issue regulations annually to adjust for inflation of […]

The SECURE Act’s Impact on Retirement Plans

The Setting Every Community Up for Retirement Enhancement Act, better known as the SECURE Act, was signed into law at the end of December to help more Americans prepare and plan for greater financial security during their retirement years. Here are some highlights of the main provisions impact on retirement plans: Tax Credit Increased: The […]

Joint-Employer Rule Finalized

The Department of Labor (DOL) has issued a final rule to revise and update its regulations under the Fair Labor Standards Act (FLSA) aimed at clarifying when a worker, including those outsourced, are employed by more than one company. The final rule, set to take effect Mar. 16, 2020, created a four-part test to determine […]

Getting Your Employees to Update Form W-4s

As you may have heard, the Form W-4 has gotten a makeover for 2020. Our system has been updated to accommodate for the modified form and its new fields. Although it is not required, DM Payroll Solutions recommends you have your employees complete an updated Form W-4 as soon as possible, if they haven’t already, […]

Employers Get Extension on Form 1095 Distribution Deadline

The Internal Revenue Service (IRS) extended the deadline for furnishing 2019 Forms 1095-B and 1095C to its employees from Jan. 31 to March 2. Every year since the Affordable Care Act (ACA) requirement went into effect, the due date has been delayed due to a substantial number of employers, insurers and other providers of health […]

Regular Rate Clarification Comes with DOL Final Rule Release

The Department of Labor (DOL) has provided employers with some much needed clarity on the perks that are to be included in workers’ “regular rate of pay” in the final release of a new rule set to take effect Jan. 15, 2020. Under the Fair Labor Standards Act (FLSA), employers must pay workers at least […]

New Year. New Look.

It’s a new year and we’re excited about debuting a new look and a new name! Effective January 1, 2020, Data Management Payroll Services is now known as DM Payroll Solutions. Don’t worry, we’re still the same company – just refreshing our aesthetics to evolve with the times and reflect Doeren Mayhew’s brand configuration, our long-term CPA […]

Social Security Wage Base Rises for 2020

The Social Security Administration (SSA) recently announced starting Jan. 1, 2020 the maximum earning subject to payroll tax will increase by $4,800 to $137,700 – up from $132,900 in 2019. The SSA fact sheet summarizes all the 2020 changes, however here are some of the quick highlights: The maximum Social Security tax employees and employers […]