According to Chapter 8 of the Fair Labor Standards Act, "Any establishment that has as its only regular employees the owner thereof or the parent, spouse, child, or other member of the immediate family of such owner shall not be considered to be an enterprise engaged in commerce or in the...
We have an earning and a deduction setup that we use for gift cards. The employee is responsible for the employee payroll taxes. In my opinion, if this is for a small amount, I feel like grossing it up doesn't help much. You are still going to get taxed for the amount that the employer is paying...
Your broker should be able to assist with this type of question. That said, what I've seen, at a number of different employers is an ER portion recorded at the difference between the Cobra rate (not including the 2% admin fee) less the employee portion. That allows you to record what will be...
Forgot to mention: I didn't deal with a lot of gift cards in my previous life, but I always grossed up for all payroll taxes and used the optional flat supplemental rate for income tax withholding.
I am looking for a timecard software for under 20 employees. We are semi monthly payments. Does anyone have any suggestions. Our payroll system is Paylocity. Thanks in advance.
Gift cards are a cash equivalent and therefore you are required to withhold all employment taxes at the time paid. By the book you should gross up for all taxes because the value of the gift card is a net pay amount, but some employers treat that gift card value as a gross amount, add it to all...
I assume by remote, you mean people outside the DMV area. When I was at a restaurant for payroll, we asked them to complete a form on whether they wished to pick up their check on pay day or have us mail them by USPS (one/two days before pay day). That way we knew how to handle the live check....
This message was posted by a user wishing to remain anonymous I see it a little differently than Judith. The rate is the same for the coverage, regardless of domestic partner or spouse status. What is different is the amount of the premium that is taxable vs. pre-tax. We handle this by allowing...
Thanks everyone for the great replies! I was able to create a checklist that fits our company needs! Thanks!
Hola, good morning. Domestic partner should not be included in family coverage, due the fact that coverage for domestic partner is taxable (amount must be included in employee income), suggest to connect with your insurance carrier to figure out the rate for this situation. The outcome for this...
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