In order to be well prepared for a Wage & Hour audit that you need to keep your payroll records for the duration of EACH worker’s employment with your company PLUS 5 to 10 years! Most Human Resources and legal experts are suggesting this to ensure these records are available in the event a claim is filed,
Discover what records you need to have available for an audit and how to store that information without having to have a bunch of file cabinets in your office. Continue reading
In the past couple of years there has been an increase in the number of Federal and/or State payroll wage audits resulting in the repayment of back wages, in all industries – not just construction, plus fines and penalties. In May and June of 2013 U. S. Department of Labor audits have resulted in the payment of $5,750,693.00 in back wages throughout the United States.
Are your payroll records accurate and up-to-date? They need to be - because inaccurate payroll records can cost emBeployers BIG bucks!
See this article for information on what you need to keep and how long you need to keep your payroll records. Continue reading
Can you deduct the cost of lost equipment from your employee’s pay? As a business owner I'm betting that on more than one occasion you have had an employee who has lost his company provided cell phone more than once and you've have to replace it.
Perhaps you want to recover the cost of the phone via a payroll deduction - before you do, read the rest of this article, because the answer depends first on state and federal restrictions and second on how much you want to deduct. Continue reading
How often you have to pay your employees is determined by each State, these requirements seldom take into consideration certified payroll reporting requirements. Continue reading
Holiday pay can be confusing. These tips provide answers to common questions such as: Do you have to provide paid holidays? What about for new employees? and more. Continue reading
Common employer practices result in unpaid work hours which violate the Fair Labor Standards Act - 5 common practices that could lead to trouble in an audit Continue reading
Employee record keeping requirements must include proper time and payroll records for it's workers. The Fair Labor Standards Act, as well as most state wage and hour laws, are the ones who determine what is or is not "proper". Continue reading
Yet another massive winter storm. Do you know what your obligations are to employees who cannot get to work on these bad weather days? Continue reading
Bacon, a former banker, explained the need for the law when he detailed for his legislative colleagues how an out-of-state construction firm paying extremely low wages transported thousands of unskilled workers hundreds of miles to toil on a public project in New York - “They were herded onto this job, they were housed in shacks, they were paid a very low wage, and ... Continue reading
The consequences of some payroll mistakes can be more serious than just your paychecks simply being incorrect. Many mistakes result in getting a very hard time from people you don’t know (and certainly don’t want to know) – the federal and state enforcement types. Continue reading
The requirement to pay employees overtime seems simple enough; once a nonexempt employee has worked 40 hours in a single workweek, each additional hour worked MUST be paid at time and one-half the regular rate of pay. Yet, many employers are confused about the mechanics of implementing the law, such as how overtime pay is calculated when a nonexempt employee is paid a salary or works two jobs. Continue reading