Payroll Briefs

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IRS Issues Changes to Cafeteria Plans, FSA Claims Period and HSA Limits

In light of the COVID-19 crisis, the Internal Revenue Service (IRS) has issued new guidance pertaining to cafeteria plan changes, health flexible spending arrangements (FSAs) and health savings accounts (HSAs) in IRS Notice 2020-29 and Notice 2020-33. The new guidance provides flexibility to employees across the country as businesses continue to navigate the current health […]

DOL Now Enforcing COVID-19 Paid-Leave Rules

When COVID-19 first put the country into a state of emergency, the U.S. Department of Labor (DOL) provided employers with time to comply with pandemic-related paid sick leave and paid family leave mandates. During this time, businesses could correct mistakes without facing scrutiny. However, the DOL recently increased its enforcement efforts. DM Payroll Solutions gives […]

EEOC Delays EEO-1 Reporting to 2021

Over the past 50 years, larger employers have been required by the federal government to file an annual EEO-1 report to provide demographic data about their business. Given the unprecedented circumstances the COVID-19 pandemic has recently presented millions of businesses, the U.S. Equal Employment Opportunity Commission (EEOC) announced they have delayed the 2020 deadline to […]

PPP is Modified by Paycheck Protection Program Flexibility Act

On June 5, 2020, President Trump signed into law the Paycheck Protection Program Flexibility Act (PPPFA), bringing welcomed changes by small businesses to the Paycheck Protection Program (PPP) forgiveness rules initially created by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The new legislation makes it easier for millions of PPP borrowers to […]

Options Available to Help You Make Payroll, Rehire and Pay Yourself a Salary

If you are a small business who had to temporarily close due to the COVID-19 outbreak, you may be unsure of the financial options available to you. The Paycheck Protection Program (PPP) loans many businesses received were intended to help ease the financial burden of payroll and more, allowing them to function until states lifted […]

DOL’s New Rule Increases Employer Compensation Flexibility During COVID-19 Crisis

On May 20, 2020, the U.S. Department of Labor (DOL)’s Wage and Hour Division (WHD) announced a final rule granting employers the opportunity to offer bonuses and other incentive-based pay to their employees with varying work hours week-to-week. The rule further clarifies additional payments to employees’ fixed salaries are compatible with usage of the fluctuating workweek method under […]

What to Know About the Updated Form 941

At the end of April, the Internal Revenue Service (IRS) issued new drafts of the 2020 Form 941 Employer’s Quarterly Federal Tax Return, to be used with the second quarter return. The new form must be filed by July 31, 2020, which if you’re a DM Payroll Solutions’ client you won’t need to worry – we […]

Employer FAQs for the FLSA During the COVID-19 Crisis

To help keep you informed, DM Payroll Solutions has outlined recent FAQ guidance from the Department of Labor (DOL). Explore the commonly asked questions and answers below.   Q. How many hours must an employer pay an hourly employee who must work a partial week because the employer’s business has been closed? A. The Fair Labor […]

How to Avoid Wage Garnishment Default Judgments During COVID-19

During the COVID-19 pandemic, employers must continue to run all aspects of their business as usual. Amongst managing employees working remotely and coping with an unexpected downturn in income, many things could get lost in the uncertainty. One thing that should be kept at the top of your list, however, is properly processing wage garnishments. […]

Employers: What to Know About Overtime While Working Remote

As millions of Americans are forced to work from home during the COVID-19 pandemic, it may continue to be our new normal. With over a third of previously commuting workers now working remotely, many new and unexpected challenges are created for small business owners. One of the larger ones is monitoring employees’ work hours and […]