Publisher's Synopsis
The 2018 Edition of American Payroll Association (APA) Basic Guide to Payroll is an invaluable resource that helps you stay up to date, answer employees' questions, and train your staff.
Payroll professionals need to be 100 percent compliant with a host of legislative and regulatory requirements. The 2018 Edition of American Payroll Association Basic Guide to Payroll delivers plain-English explanations of payroll laws and regulations you need to deal with these uncertainties, as well as what we know Payroll will face in 2018:
- Accelerated due date to submit Forms W-2 to SSA
- Higher salary requirements for employees to be exempt from overtime
- Increased penalties for FLSA violations
- 2017 indexed amounts for benefits and pensions
- New regulations eliminating automatic extension to file Form W-2
- Update on certified professional employee organizations
- A new de minimis safe harbor for Forms W-2
- New per diem rates for 2018
Here are just some of the challenges payroll professionals face in 2018:
- Increased concern by the IRS about tax-related identity theft and refund fraud is affecting employers
- New regulations for white-collar employees may affect how and what you pay employees
- The Department of Labor (DOL) has concluded that most workers are employees, impacting how you may have classified independent contractors in the past
- Plus, you never know what else the IRS, Congress, and the courts have in store for Payroll
