Payroll Briefs

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Social Security Issues Its 2022 Wage Cap and Benefit Amount Increases

On Oct. 13, 2021, the Social Security Administration (SSA) issued its wage cap and benefit amounts for the 2022 calendar year. Compared to 2021, both amounts have increased to account for inflation and cost-of-living adjustments (COLA). DM Payroll Solutions shares key takeaways from the newly increased amounts to prepare you for next year. Social Security […]

Outsourcing Could Relieve Pressure in a Tight Labor Market

If you’ve been to a restaurant lately, you might have noticed the establishment was short-staffed. The current labor shortage is most visible in the food and beverage industry but, as you may be keenly aware, it’s affecting employers of all kinds. In fact, the U.S. Bureau of Labor Statistics reported in early September that the […]

DOE Issues Final Extension of Federal Student Loan Relief

The U.S. Department of Education (DOE) issued a press release extending the federal student loan relief until Jan. 31, 2022. According to the announcement, this will be the final extension setting a “definitive end date” for the relief. The extension is welcomed by students and parents alike, as the relief was set to expire on […]

Defining Involuntary Termination for the ARPA COBRA Subsidy

By now, most employers are aware of the 100% COBRA premium subsidy created under the American Rescue Plan Act (ARPA). The subsidy is available when certain employees (and their families) lose health coverage because of the employee’s reduction of hours or involuntary termination. As you may have discovered, among the thorniest issues in assessing a […]

How to Remain ACA-Compliant Throughout the Year

U.S. employers with at least 50 full-time equivalent (FTE) employees are required to comply with the Affordable Care Act (ACA) by filing their employees’ health insurance information annually with the Internal Revenue Service (IRS). This information includes the year’s payroll and benefits data broken down by month, and there are also events that must be […]

DOL Proposes Rule Increasing Federal Contractor Minimum Wage

The U.S. Department of Labor (DOL) recently issued a notice of proposed rulemaking to implement President Biden’s Executive Order 14026, requiring federal contractors to pay a $15 per hour minimum wage to employees working on federal contracts starting Jan. 30, 2022. The DOL’s proposed rule creates the standards and procedures to implement and enforce the […]

DOL Revokes 2020 Joint Employer Final Rule

The U.S. Department of Labor (DOL) has issued a new final rule revoking the joint employer final rule under the Fair Labor Standards Act (FLSA) set into effect on March 16, 2020. The new rule has an effective date of Sept. 28, 2021, and was proposed on March 12, 2021. DM Payroll Solutions sheds light […]

3 Crucial Reasons to Outsource Your Payroll

For many business owners, the idea of outsourcing any task when it could be handled in-house is seen as an unwarranted expense. However, when you take into account something as crucial and compliance-focused as your organization’s payroll, this couldn’t be more false. No matter if your company is a start-up or a multi-location corporation, outsourcing […]

Efficiencies Gained When You Automate Onboarding

The process of onboarding new hires is a necessary, but complex, part of an organization’s talent management system. On top of getting your new hires up to speed with their new roles, there’s a mountain of paperwork for taxes, benefits and payroll that must be addressed. Fortunately, onboarding automation is an accessible technology many organizations […]

IRS Creates New Paid Sick and Family Leave FAQs for Second Half of 2021

In an effort to assist small and medium employers in claiming credits for voluntarily offering paid sick and family leave under the American Rescue Plan Act (ARPA), the Internal Revenue Service (IRS) drafted over 120 new FAQs to provide further clarity. While there were existing FAQs about tax credits for qualified leave wages paid for employees’ leave taken before […]