When is a Final Paycheck Due?

When is a Final Paycheck Due?

There can be many questions that come to mind when you find out that an employee is leaving your company. One responsibility is ensuring that the individual receives their final paycheck according to state and federal law. These laws tell employers when final pay must...

Electronic Payments VS Paper Checks

Are you primarily accepting and using paper checks for your business? Findings show that it may be time to make a shift from paper checks to electronic payments. For example, in 2015 financial professionals processed 1000-1999 checks per month, however, today they...
Decrease in Check Payments

Decrease in Check Payments

Businesses can now compare the costs of using various payment methods as the Association for Financial Professionals (AFP) has released the 2022 Payments Cost Benchmarking Survey. This survey looks at the following costs: payment/bank provider fee, reporting,...
Tax Court Rules S Corp Payouts Are Wages

Tax Court Rules S Corp Payouts Are Wages

Background To understand this issue regarding S Corporation payouts as wages, you must first understand the difference between an S corporation and a C corporation. In an S corporation, income passes to the shareholders who then pay taxes on their share of income on...
OSHA Emergency Temporary Standards

OSHA Emergency Temporary Standards

The following information was shared by HR Pilot from Tokio Marine:OSHA has released its much-anticipated Emergency Temporary Standards (“ETS”) that require employers with 100+ employees to be vaccinated or submit to weekly testing. Below is a summary of the ETS,...

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