Payroll Briefs

Category: "All"

IRS Shares New HSA Limits for 2022

The Internal Revenue Service (IRS) recently issued a statement sharing the 2022 maximum contribution levels for health savings accounts (HSAs), out-of-pocket spending limits and deductible minimums for high-deductible health plans (HDHPs) that have to be used in tandem with HSAs. The IRS releases the cost-of-living adjustments annually by June 1 and the updates apply to […]

DHS Announces Ninth Extension of Temporary Requirements for Form I-9 Compliance

The Department of Homeland Security (DHS) recently announced its ninth extension of temporary requirements offering flexibility of physical presence requirements associated with Form I-9 (Employment Eligibility Verification) through the U.S. Citizenship and Immigration Services (USCIS). DM Payroll Solutions highlights the new extension and offers insight on what employers should know about Form I-9 reporting in […]

IRS Issues Guidance for Employers Claiming the ERC in First Half of 2021

Last month, the Internal Revenue Service (IRS) issued a new notice containing guidance for employers who wish to claim the Employee Retention Credit (ERC) in the first two quarters of 2021. Employers can access the credit before filing their employment tax returns by simply reducing employment tax deposits. DM Payroll Solutions highlights the top five changes to […]

Highlights of the IRS’s Fact Sheet for Paid Leave for COVID-19 Vaccines

The Internal Revenue Service (IRS) created a new fact sheet offering guidance for small to mid-size employers wishing to leverage the refundable tax credits under the American Rescue Plan Act (ARPA). The new guidance states the tax credits will reimburse employers for the cost of offering paid emergency sick and expanded family and medical leave […]

5 Benefits of Leveraging Pay Cards for Payroll

In an increasingly paperless world, more and more employers are furthering their green initiatives by taking aspects of their business digital. One of these areas of focus is payroll, with employees greatly welcoming direct deposit of their wages to save trips to the bank. However, not every employee is a bank customer and this proves […]

Updates on COVID-19-Related Deadline Extensions for Healthcare Benefits

Recently, the U.S. Department of Labor (DOL) issued EBSA Disaster Relief Notice 2021-01, a communication especially of interest to employers. The notice clarifies the duration of COVID-19-related deadline extensions applying to healthcare benefit plans. Continuing Extensions The DOL and the Internal Revenue Service (IRS) issued guidance last year stating that the COVID-19 outbreak period – […]

Impacts of the New American Rescue Plan Act on Payroll

Nearly a year after the Coronavirus Aid, Relief, and Economic Security (CARES) Act was enacted and just days before the second extension of pandemic unemployment relief was set to expire on Mar. 14, 2021, President Biden signed the American Rescue Plan Act of 2021 into law on Mar. 11, 2021. With a price tag of […]

DOL Puts Pause on Tip Credit and Worker Classification Rules

After President Biden’s recent memorandum requesting a pause to allow for the review of new and pending rules, the U.S. Department of Labor (DOL) announced there will be delays to the tip credit and worker classification final rules under the Fair Labor Standards Act (FLSA). Keep reading to learn more about the repercussions the final […]

2019 and 2020 EEO-1 Data Collection Set to Begin in April

The Equal Employment Opportunity Commission (EEOC) has indicated it will start the collection of both 2019 and 2020 Employer Information Report (EEO-1) Component 1 data beginning this coming April. Last year’s 2019 data collection was delayed due to the COVID-19 pandemic, so employers must double up on their data collection this year for both 2019 […]

DHS Issues Eighth Extension of Temporary Requirements for Form I-9 Compliance

The Department of Homeland Security (DHS) recently announced another extension of the temporary requirements allowing for the flexibility of Form I-9’s physical presence requirements through the U.S. Immigration and Customs Enforcement (ICE). DM Payroll Solutions explores the additional extension and what employers should know about Form I-9 reporting in the near future. More on the […]