IRS Announces 401(k) Limit Increases To $20,500 For 2022
CHARLOTTE - The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government's Thrift Savings Plan is increased...
Starting Before The Clock…Are You Required to Pay?
CHARLOTTE - YES. If an employee is working before their scheduled shift( examples- but not limited to- answering phone, emails, normal work duties, etc.)...
Employee Holiday Gift Cards and Cash- What to Know
CHARLOTTE - Gift certificates
Cash or cash equivalent items provided by the employer are never excludable from income. An exception applies for occasional meal money...
Social Security Wage Base Increases to $147,000 for 2022
CHARLOTTE - On October 13, the Social Security Administration (SSA) announced that the 2022 social security wage base will be $147,000, which is an...
Did You Fill Out Your W-4 Federal Tax Withholding Form Correctly?
CHARLOTTE - As the year of 2021 winds down, more and more employees will be looking into the 2021 tax season. And many will...
Do You Know Your Payroll Provider?
CHARLOTTE - Many employers outsource their payroll and related tax duties to third-party payroll service providers. They can help assure filing deadlines and deposit...
Word Of Mouth and Google Reviews Mean A Lot
CHARLOTTE - Word of mouth is the best form of marketing for many businesses. I know for my payroll business, it is THE reason...
Independent Contractor or Employee?
CHARLOTTE - The wrong classification of workers can cause financial consequences to any business owner and is one of the most important parts of...
S- Corporations and Payroll
CHARLOTTE - Who’s an employee of the corporation?
Generally, an officer of a corporation is an employee of the corporation. The fact that an...
Do I Have To Pay My Employees A Minimum Wage?
CHARLOTTE - Welcome to my column! Each week I will be addressing common payroll issues and questions.
This is my most asked question aside from...