The Internal Revenue Service (IRS) recently announced the 2023 standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Rate Breakdown Effective Jan. 1, 2023, the standard mileage rate for the use of a vehicle, which includes cars, vans, pickups or panel trucks, will be: […]
On Thurs., Jan. 26, a panel of Michigan Court of Appeals judges overturned the lower court’s ruling which would have raised Michigan’s minimum wage to $13.03 per hour and increased the tipped minimum wage to $11.73 an hour by Feb. 19, 2023. This new ruling, which took effect immediately, determined the “adopt and amend” strategy […]
Previously, for tax years beginning before Jan. 1, 2023, a qualified small business could elect to claim up to $250,000 of its credit for increasing research activities as a payroll tax credit. The Inflation Reduction Act of 2022 (the IRA) increased the election amount to $500,000 for tax years beginning after Dec. 31, 2022. To […]
With 2023 upon us, it’s a great opportunity to look at your business processes, including payroll, to assess your solutions and strategy. Are you unhappy with your current payroll provider? Is the solution lacking the right integrations to make your payroll process more effective? Use the new year as an opportunity to make improvements to […]
As the end of the year approaches, it is crucial to ensure your payroll year-end information is accurate to help your business and employees prepare for tax season and year-end reporting. Even if you are an experienced pro, it can be easy to overlook items during the year-end crunch time. DM Payroll Solutions has outlined […]
The U.S. Department of Education (DOE) has announced an additional extension of the federal student loan relief. This comes as the federal appeals court blocked the Biden administration from moving ahead with its student debt cancellation program in response to a lawsuit brought by officials in six states. Payments will resume 60 days after litigation […]
Employee payroll fraud is a challenging issue for many business owners across the country. It occurs when an employee or unauthorized user wrongfully manipulates the payroll system to receive payment they haven’t earned. DM Payroll Solutions shares the different types of payroll fraud, as well as ways to prevent it, to ensure your business doesn’t […]
The U.S. Department of Labor (DOL) recently created additional fact sheets to further clarify categories of job-protected leave under the Family and Medical Leave Act (FMLA). The FMLA typically allows qualifying employees in workplaces with 50 or more employees to take up to 12 weeks of unpaid leave within a 12-month period to care for: […]
To those accustomed to receiving a paycheck every couple weeks, getting paid every day might sound like either a dream come true or a troubling temptation. For better or worse, “same-day pay” is becoming an increasingly popular payroll benefit offered by employers. And the results of a recent study indicate that many employees would appreciate […]
Most HR departments handle recruitment, workplace safety, employee relations, labor law compliance and payroll, amongst other things. When it comes time to add-on managing benefits, especially for smaller companies with limited resources, an additional challenge is created. Monitoring benefit eligibility for employees is complex and requires accurate and timely tracking of hours worked, plan policies […]
