Dec 12, 2019 | Industry News, Regulatory Updates, Retirement Services
The Internal Revenue Service announced that employees in 401(k) plans will be able to contribute up to $19,500 in 2020. In addition, dollar limitations for pension plans and other retirement-related items for tax year 2020 were announced. Highlights of changes for...
Dec 11, 2019 | Holiday Notices, Industry News
Banks and Corporate Payroll Services will be closed on Wednesday, December 25, 2019, and Wednesday, January 1, 2020, in observance of Christmas and New Year’s Day holidays. Corporate Payroll Services will also close early on Tuesday, December 24th at 2:00 PM...
Dec 9, 2019 | HR Regulations, Human Resources, Industry News
The ABC test is a guide for employers to use to determine if a worker is considered an independent contractor or an employee in the eyes of the government. Employers with workers not classified properly as an employee or independent contractor can face penalties of...
Dec 5, 2019 | HR Regulations, Human Resources, Industry News
Serving alcohol at company parties can be a liability, however, steps can be taken to protect your organization and employees. Employers may be liable for employee misconduct and negligence when the employee is acting “in the course and scope of employment,” so make...
Nov 20, 2019 | Holiday Notices, Industry News
Plan Ahead for Thanksgiving Day Bank Holiday Payroll Banks and Corporate Payroll Services will be closed on Thursday, November 28, 2019, in observance of Thanksgiving. Corporate Payroll Services will also be closed on Friday, November 29, 2019. Banks will...
Nov 18, 2019 | Industry News
The 2020 Form W-4, Employee’s Withholding Certificate, is very different from previous versions. This is due to the federal tax law changes that took place in 2018. The Internal Revenue Service (IRS) is not requiring all employees to complete the revised form, but...
