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American Payroll Association (APA) Basic Guide to Payroll, 2019 Edition by Delores Risteau ,Joanne Mitchell-George Wolters Kluwer Legal & Regulatory U.S. American Payroll Association (APA) Basic Guide to Payroll, 2019 Edition by Delores Risteau ,Joanne Mitchell-George Wolters Kluwer Legal & Regulatory U.S.

American Payroll Association (APA) Basic Guide to Payroll, 2020 Edition

By Joanne Mitchell-George, Delores Risteau
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Overview

American Payroll Association (APA) Basic Guide to Payroll, 2020 Edition

The 2020 Edition of American Payroll Association (APA) Basic Guide to Payroll helps you stay up to date with payroll laws, answer employees’ payroll questions, and train your payroll administration staff.

This one-of-a-kind resource delivers plain-English explanations of basic payroll requirements, including payroll laws, payroll regulations, and proper payroll guidelines and policies.

With the 2020 Edition of American Payroll Association (APA) Basic Guide to Payroll you can easily manage all these payroll changes and vital topics:

  • Revamped Form W-4 for 2020 (see Chapters 2 and 4).
  • New methods to withhold federal income tax in 2020 (see Chapters 2 and 5 and Appendix E).
  • Explanation of the final white-collar exemption regulations, which are effective Jan. 1, 2020 (see Chapters 2 and 11).
  • What’s new about the 2019 Form W-2 and a line-by-line explanation (see Chapter 3).
  • 2020 Social Security taxable wage base (see Chapter 8).
  • How the Taxpayer First Act will greatly affect Payroll (see Chapter 2).
  • Line-by-line instructions on how to file Form 941 for the fourth quarter (see Chapter 8).
  • 2020 indexed benefit amounts (see Appendix A).
  • Increased pension limits for 2020 (see Chapter 2).
  • Proposed DOL regulations about tips—and opposition to the new regulations (see Chapter 2).
  • What’s new on the standardized national medical support notice (see Chapter 6).
  • Caution about using inconsistent EINs (see Chapter 8).
  • New contact phone number for IRS (see Chapter 13).
  • 2020 backup withholding rate (see Chapter 10).
  • Calendar of 2020 due dates for Payroll (see Appendix C).
  • What the IRS had to say about the ACA (see Chapter 2).
  • How the DOL’s PAID program is paying off (see Chapter 2).
  • The IRS’s upcoming plans that will affect Payroll (see Chapter 2).
  • Draft of 2020 Circular E (see Appendix E).
  • Explanation of final regulations for CPEOs (see Chapter 2).
  • Updated chart on state requirements for electronic payment of withheld child support (see Chapter 6).
  • Upcoming plans to resurrect Form 1099-NEC (see Chapter 2).
  • No credit reduction states for 2019 (see Chapter 9).
  • Reaction to the DOL’s guidance about gig workers (see Chapter 2).
  • Explanation of artificial intelligence as it relates to Payroll (see Chapter 12).
  • Updated stats on e-filing of employment tax returns and ETAAC’s reaction (see Chapter 2).
  • Clarification from the IRS about W-2 reporting when an employer begins to use a payroll agent mid-year (see Chapter 2).
  • Range of dates to take the CPP and FPC exams in 2020 (see Chapter 1).
  • An easier way to pay wage and hour penalties (see Chapter 2).
  • 2020 CONUS per diem rates (see Appendix D).
  • New ruling about paralegals qualifying for the highly compensated employee overtime exemption (see Chapter 11).
  • Update on IRS’s efforts to prevent W-2 fraud (see Chapter 2).
  • Earned income credit maximum amounts and cutoffs for 2020 (see Chapter 4).
  • Latest statistics regarding income withholding for child support (see Chapter 6).
  • Backup withholding rate for 2020 (see Chapter 10).
  • New paycard rules in Texas (see Chapter 7).
  • New pay statement disclosure requirements in Virginia (see Chapter 7).
  • Additional item that must be included on D.C. payment of wages statements (see Chapter 7).
  • Changes to the determination of whether a worker is an employee or independent contractor for unemployment purposes in Arkansas and Oklahoma (see Chapter 10).
  • New stats of the number of FEINs using electronic income withholding orders (see Chapter 6).
  • New DOL opinion on computing disposable earnings for federal garnishments (see Chapter 6).
  • Updated directories of federal and state agencies (see Appendix B).
  • 2020 Rates at a Glance (see Chapter 2).

The American Payroll Association Basic Guide to Payroll, 2020 Edition, delivers expert answers covering all of these issues—and many more!


Frequently Asked Questions addressed in American Payroll Association (APA) Basic Guide to Payroll:

  • What’s new in payroll laws, payroll regulations, payroll cases, IRS announcement regarding payroll, Department of Labor pronouncements about wage and hour laws, and payroll trends?
  • How does Payroll comply with federal and state wage-hour laws?
  • What are the federal and state requirements for keeping payroll records?
  • Are there limitations about how to pay employees or can the employer decide to mandate direct deposit of wages?
  • How do I implement the 2019 Federal payroll withholding tables?
  • How do I complete and file the 2018 Form W-2?
  • What are the advantages and drawbacks of hiring workers who aren’t employees?
  • How does Payroll handle withholding from Gross Pay for garnishments, federal tax levies, and child support orders?
  • What documents must an employer collect from an employee?
  • How does Payroll implement Form W-4?
  • What are the due dates for federal employment tax returns?
  • What are the CONUS per diem rates for 2019?
  • What are the federal employment tax ramifications and the federal wage and hour consequences of providing fringe benefits to employees?
  • What are the terms of art and acronyms in Payroll?
  • What’s new in payroll technology?
  • How does payroll accounting work?

Note: Online subscriptions are for three-month periods.

 

Pages 1322
Last Updated 06/22/2020
Update Frequency Annually
Product Line Wolters Kluwer Legal & Regulatory U.S.
ISBN 9781543813586
SKU 10072301-7777
Publish Frequency Annually
Product Line Wolters Kluwer Legal & Regulatory U.S.
SKU 000000000010073247
Table of Contents

 

1 INTRODUCTION TO PAYROLL

Why Payroll Is Important

Professional Certification

2 WHAT'S NEW IN PAYROLL FOR 2020

Revamped 2020 Form W-4 Requires Revised Withholding Methods

            The 2020 Form W-4

            How to Withhold in 2020

Salary Thresholds Rise for White-Collar Employee Overtime Exemption

            Background of the New Regulations

            Details of the Final Regulations

Social Security Wage Base Rises for 2020

IRS Announces 2020 Payroll Figures

Qualified Transportation Fringe Benefits

Adoption Assistance

Health FSA Amount

Standard Deduction

Earned Income Tax Credit

Income Tax Rates

Health Savings Account

Pension Plan Limits Generally Increase for 2020

What You Should Know About the 2019 Form W-2

Extensions to File

Penalties

De Minimis Safe Harbor

New Law Lowers Threshold for Mandatory Electronic Filing

The IRS Proposes Aggregating Information Returns for the Electronic Filing Mandate

The Rules on Truncated Social Security Numbers Are Finalized

What the IRS Is Doing to Prevent W-2 Fraud

Business Email Compromise

Business Identity Theft

Recognizing an IRS Agent

How the 2017 Tax Law Influences Payroll in 2020

Income Tax Rates

Standard Deduction and Personal Exemption Amounts

Indexing for Inflation

Child Tax Credit

Employer-Provided Benefits

Paid Family and Medical Leave

No Match Letters Are Back

There Are No Credit Reduction States for 2019

The Cost of Noncompliance Keeps Rising

Final Regulations Are Issued for Certified Professional Employer Organizations by the IRS

Rules for CPEOs

The Application Process

Annual Verification, Suspension, and Termination

CPEO v. PEO

Proposed Regulations Address Perks to be Included in Regular Rate for Computing Overtime

The IRS Issues Guidance About the Payroll Tax Research Credit

The IRS Is Examining the Taxability of Employer-Provided Meals

            Insight into IRS Reasoning

Putting Its Reasoning into Practice

Cash Reimbursements for Transit Benefits Are Restricted in Some Areas

Guidance

2006 Ruling

Guidance Is Issued About Timeliness of Employment Tax Returns

IRS Finalizes Regulations Implementing the Supreme Court's Decisions About Same-Sex Marriage

Guidance

Form W-4 and State Equivalent Forms

The Affordable Care Act Continues to Have a Major Impact on Payroll in 2020

Reporting the Cost of Health Care Coverage on Form W-2

Employer Mandate

Reporting Health Care Coverage

Marketplace Notices

Flexible Spending Arrangements

Taxes on Health Plan Rebates

DOL Implements New Test for Interns

Circuit Court Cases

The DOL’s New Test

Some Jurisdictions Enact Paid Sick Leave and Paid Family and Medical Leave

Here’s What Is Going On with Form I-9 and E-Verify

Form I-9

Extension of Employment Authorization Documents

E-Verify

Letting Undocumented Workers Go

States Target Undocumented Workers

Worker Classification Issues

DOL Teams Up with IRS and States

One State Took the Classification Matter Into Its Own Hands

Employee, Independent Contractor, or Both

Worker Classification Mattered for Overtime

The Gig Economy May Change How Worker Classification Is Viewed

DOL Proposes Different Joint Employer Tests

            Current DOL Regulations

Court Interpretation

            New Proposed Regulations

DOL Issues Guidance About Garnishment of Lump-Sum Payments

The Uniform Wage Garnishment Act is Awaiting Passage by the States

Here’s an Update on Child Support

E-Filing of Employment Tax Returns Continues to Lag Behind

            Future Relief for 1099 Filers

What to Do If You Appoint an Agent

Letter Ruling

Employment Tax Liability When Payroll Is Outsourced

TIGTA Report

Statute of Limitations

Monitoring Outsourced Payroll Duties

Protect Your Valuable Information

Wireless Access

Social Security Numbers

State Action

Data Breach Notification

Practical Tips

Computer Security

Protecting the Workplace

What the IRS Is Examining in Employment Tax Audits

Executive Perks

The IRS Is Looking for Wage Recharacterizations

Wage-Hour Happenings

Easier to Pay Penalties

Supreme Court Decision and State Law

DOL Opinion Letters

Law Addresses Baseball

Cash in Lieu of Benefits Included in Overtime Rate

Hot Goods

Final Rules on Companions and Live-In Domestics

Student Athletes

Court Decisions

Recent Developments Regarding Tipped Employees

New Law

DOL’s Reaction to New Law

Proposed Regulation in Response to the New Law and Guidance

Tips or Service Charge

Underreporting of Tips

Handling Costs of Charged Tips

Tip Jar Proceeds

DOL’s PAID Program Nets $4 Million in Back Wages

Tidbits of News Are Issued by the IRS

Priorities for 2019-2020

Form 1099-NEC

Lock-In Letters

IRSAC Update

Resolving Employment Tax Disputes

Computation of Penalty for Intentional Disregard

Penalties for W-2 Errors

Employment Taxability of Electric Vehicle Charging

California Penalties Not Wages

Checking on Address Changes

Voluntary Withholding

Virtual Currency

Vetoed Change to Form 941

New Rules About Responsible Parties for EINs

Substitute 941 for Misclassified Workers

Due Date for Form 941 for Postponed Due to Tropical Storm Imelda

How to Prepare for Disasters

2020 Rates at a Glance

3 HOW TO SAVE TIME AND TROUBLE FILING THE 2019 FORM W-2

What’s New

The Format

            Substitute Form

State Wage and Tax Statement Deadlines

Reporting the Correct Name and SSN

            How to Verify

            Reasons for a Mismatch

            What to Do if a Mismatch Occurs

Furnishing Form W-2 to Employees

            When to Furnish

            How to Furnish

Filing With the SSA

            Paper

            Electronic Submission

Business Services Online

Online Wage Reporting for Small Employers

Electronic Data Transfer

AccuWage

            Extension for Filing

Penalties for W-2 Filing Errors

How to Report Retirement Plan Contributions and Deferred Compensation

            Retirement Plans

            Deferred Compensation

            Simplified Employee Pensions

How to Report Noncash Fringe Benefits

            Company Cars

Option Not to Withhold Income Tax

The 100% Personal Use Option

            Subsidized Meals

How to Handle Other Benefits and Payments

            Adoption Assistance Payments

            Agricultural Labor, Payments to Foreign Workers

            Deceased Employees, Payments to

            Dependent Care Assistance

            Educational Assistance Payments

            Golden Parachute Payments

            Group-Term Life Insurance

Employee Coverage

Spousal and Dependents’ Coverage

Former Employees’ Coverage

            Health Care Coverage

            Medical Savings Accounts

            Military Personnel, Payments to

            Moving Expense Reimbursements

            QSEHRA Benefits

            Qualified Equity Grants

            Sick Pay

            State and Local Employees, Payments to

            Stock Options

            Tips

            Travel and Other Business Expense Payments

                        How to Handle Per Diem and Other Fixed Allowances

                        How to Handle Temporary Assignments

Correcting Estimated Benefits

Form W-2 and Notifying Employees About the Earned Income Credit (EIC)

Step-by-Step Instructions for the 2019 Form W-2

On the W-2 Horizon

How to Avoid W-2 Discrepancies

The Form W-2c

            How to Correct Identification Information

How to Correct Income and Tax Amounts

Step-by-Step Explanation of Form W-2c

Filing the Forms W-2c and W-3c

4 HOW TO MANAGE PAYROLL AND HR DATA

Establishing Payroll Records on Employees

What to Get From New Employees

How to Cope With the Immigration Law Rules

            Form I-9

            E-Verify

            IMAGE

The Employee’s Withholding Certificate—Form W-4

State Withholding Allowance Certificates

When to Get a New Form W-4

Electronic Forms W-4

When to Give Effect to New Forms W-4

What to Do With Invalid Forms W-4

Send Forms W-4 to the IRS Only When Requested

Let Employees Beware: Filing a False W-4 May Be Seen as Tax Evasion

How to Handle Frivolous Forms W-4

How Long to Retain Forms W-4

Who Can Claim Exemption From Withholding

Requirements for Exempt Status

How an Employee Must Complete FormW-4

What Adjustments Can an Employee Claim?

How to Use the Worksheets and Complete the Form W-4

Special Procedures for Nonresident Aliens

Mid-Year Corrections in Withholding

New Hire Reporting

State New Hire Reporting

The Refundable Earned Income Credit

Who Can Claim the EIC

How to Notify Employees About the EIC

Changing Basic Information on Employee Records

Name Changes

Employee Relocation

Pay Rate Changes

Terminations

Payroll and the Family and Medical Leave Act

Reasons for Leave

Employee Eligibility

Leave Time

Recordkeeping Requirements

Health Coverage Maintenance

Fair Labor Standards Act Implications

School Employees

Public Employees

Military Leave

How to Take Advantage of a Valuable Hiring Credit

The Work Opportunity Tax Credit

Targeted Groups

5 WITHHOLDING TAXES FROM GROSS PAY

Federal Tax Withholding

Income Tax Rates

Social Security

Medicare

FICA

SECA

Methods of Withholding Federal Income Tax

Wage Bracket Method

Percentage Method

Alternative Methods

Annualized Wages

Cumulative Wages

Part-Year Employment

Other Methods

Withholding on Supplemental Payments

How to Withhold

Low-Income Employees

Commissions and Draws

Signing Bonus

Severance Pay

Vacation and Sick Leave

Determining the Payroll Period

Sales Commissions

Optional Method

How to Withhold on Noncash Fringe Benefits

Special Accounting Rule

Company Cars

How to Value Personal Use of a Company Car

How to Withhold on Business Expense Advances and Reimbursements

An Accountable Plan

How to Handle Business Expense Allowances

When to Withhold

How to Withhold on Sick Pay

Third-Party Sick Pay

How to Pick Up the Employee’s Share of Tax

6 NONTAX DEDUCTIONS FROM GROSS PAY

Cafeteria Plans

            Salary Reduction Agreements

            A Cafeteria Plan in Action

            Flexible Spending Arrangements

                        Mid-Year Changes

                        Dependent Care Assistance

                        Health FSA

                        Adoption Assistance

            Other Qualified Benefits

                        Group-Term Life Insurance

                        Long- and Short-Term Disability Insurance

                        Savings Plans

                        Cash-or-Deferred Arrangements/401(k) Plans

            Payroll Reporting Responsibilities

Wage Garnishments

            Keeping Track of Involuntary Deductions and Remittances

            What Is Garnishment

Withholding for Child Support

            The Standardized Income Withholding Order

Electronic IWO

            Interstate Orders for Child Support Withholding

            Bankruptcy and Child Support

            Medical Support

            Chart: State Provisions on Child Support Withholding

            Chart: States Participating in Electronic Child Support Options

Federal Tax Levies

            How One Employer Handled a Levy

            2019 Tables for Figuring Amount Exempt from Levy on Wages, Salary, and Other Income—Forms 668-W(ACS), 668-Wc(DO), and 668-W(ICS)

            What About Independent Contractors?

Handling Creditor Garnishments

            Garnishment Restrictions

            Garnishment for Federal Nontax Debt

            Student Loans

            Discharging and Garnishment

Wage Assignments

7 HOW TO PAY EMPLOYEES

Timekeeping

Traditional Versus Automated Timekeeping

Automated Time and Attendance Systems

Automation and Compliance

How Automated T&A Works

Streamlining Payroll

Automation and Cost Control

Automating Exempts’ Hours

Time Recording Procedures

Methods of Recording Hours

Checking Time Data for Accuracy

Recordkeeping Requirements of Payroll Laws

How Records You Must Keep Anyway Can Protect Your Company

Fingertip Guide to Payroll Recordkeeping

Record Retention

Wage and Hour Records

FICA and FUTA Taxes

Chart: What Federal Records Must Be Kept

Computation of Pay Rates

General Rules for Computing Pay

Computing Overtime

Computing Earnings

Computing Gross Pay

Computing Net Pay

Payroll Check Requirements and Procedures

The Payroll Account

Issuing Employee Paychecks

How and When to Pay Employees

            Chart: When to Pay Employees

Direct Deposit

Chart: Direct Deposit and Payroll Card Options for Pay

Payroll Cards

Earnings Statement

Chart: What Must Be Included on Employees’ Pay Stubs

Why It’s Vital to Pay an Employee’s Final Wages Promptly

When You Must Pay a Departing Employee

Chart: When to Pay Terminated Employees

Uncashed and Unclaimed Paychecks

Procedure for Recording Unclaimed Checks

States’ Retention Schedules for Unclaimed Wages

Chart: Length of Time Until Unclaimed Wages Are Presumed Abandoned

8 FICA AND INCOME TAX DEPOSITS AND RETURNS

Federal Insurance Contributions Act (FICA) Taxes

Additional Medicare Tax

Wages Defined

Covered Employment

FICA Savings Through a “Common Paymaster”

What to File and When

How to File Form 941

General Federal Deposit Rules

Frequency of Deposits

Large Employers

Semiweekly Rule

The Safe Harbor Rule

Next-Day Deposits for the Largest Employers

Medium-Size Employers

Small Employers

How to Fill Out Form 941

How to Complete Form 941’s Schedule B

Schedule D

How to Fill Out Form 944

Form 941-X

How to Complete Form 941-X

How to Correct Under- and Overreporting

Correcting Underreported Tax

Correcting Overreported Tax

Correcting Underreported and Overreported Amounts for the Same Tax Period

Filing Tips

Errors Uncovered by Audit

Misclassified Workers

FICA Tax Considerations

Income Tax Withholding Considerations

How to Make Tax Adjustments When You Pay Out Too Much Compensation

Deposits of Taxes Withheld From Nonpayroll Items

Deposit Schedule

Tax Deposits

How to Avoid Personal Liability for Employment Taxes

Off-Site Officer Was Still Responsible

“Good Faith” Saves Two Officers

President Found Liable for Unpaid Trust Fund Taxes Even Though CFO Embezzled Funds

Owner Sentenced to Prison for Employment Tax Fraud

Why You Can’t Outsource Your Payroll Tax Responsibility

Company “Outsiders” May—Or May Not—Be Liable

A Lender Bank Is Held Liable

When Employers Share “Responsibility”

An Option of Relief for Small Employers

9 FEDERAL AND STATE UNEMPLOYMENT

The Federal Unemployment Tax Act (FUTA)

Which Employers Are Liable Under FUTA?

What Are Wages Under FUTA?

Claiming the FUTA Credit for State Tax Paid

Federal Unemployment Tax Payments

How to Deposit FUTA Taxes

When Tax Deposits Are Due

Examples of Unemployment Tax Deposits

Credit for Timely State Tax Payments

What to File and When

Due Date

How to Complete Form 940

How to File Form 940

How to Correct a Form 940

Experience Rating for State Unemployment Tax

How a Good Experience Rating Maximizes the FUTA Credit

How the States Determine Experience Rating

Reserve Ratio Method

Benefit Ratio Method

Benefit Wage Ratio Method

Payroll Stabilization Method

How to Save Unemployment Taxes

Voluntary Tax Contributions

Deadlines for Voluntary Unemployment Tax Contributions

Hold Down Benefits Paid to Ex-Employees

How “Making” an Employee Quit Can Leave Your Company Liable for Benefits

Promptly and Properly Respond to Requests for Information

Work Sharing

The California Plan

How Joint Accounts Can Cut Your Unemployment Tax Liability

How to Prepare for an Unemployment Benefits Eligibility Hearing

Don’t Overstate the Number of Employees on State Unemployment Reports

How to Handle Unemployment Taxes When Employees Work in More Than One State

Reciprocal Unemployment Coverage

How to Get More Information

10 PAYROLL ADVANTAGES—AND PITFALLS—OF HIRING WORKERS WHO ARE NOT YOUR EMPLOYEES

Where the Savings Come From

Who Is an Independent Contractor?

The Reasonable Basis Tests

The Common-Law Rules and the Revised 20-Factor Test

The Factor Test

Characteristics of Independent Contractor Status

How the IRS’s Guidelines Work

Audits

Audit Subject Selection

How to Resolve Your Worker Classification Disputes

Classification Settlement Program

Voluntary Classification Settlement Program

Early Referral to Appeals

How to Get Your Day in Court

Penalties for Misclassifying Workers

Some Typical Independent Contractors

Who Is Not an Independent Contractor?

What to Include and Exclude in Your Worker Contracts

Don’t Get Burned on Benefits—The Microsoft Case

“Control” Case Studies

How to Get Government Approval for YOUR Payroll Tax Breaks

Form SS-8

Backup Withholding

The B-Notice Process

When Employment Status Is Set by Law

Statutory Non-Employees

Statutory Employees

Independent Contractors and Unemployment Taxes

Who Is an Independent Contractor for State Unemployment Tax Purposes?

Independent Contractors and Federal Wage-Hour Law

Leased Workers

Is Employee Leasing Right for Your Company?

Selecting Benefits

Whose Employee Is the Leased Worker?

Will It Pay to Use Independent Contractors and Leased Employees?

Cash Flow Benefits

How to Avoid Hidden Traps When Using Non-Employees

11 HOW TO COMPLY WITH THE FEDERAL AND STATE WAGE-HOUR LAWS

Coverage Under the FLSA

Individual Coverage

Enterprise Coverage

Child Labor

Independent Contractors

Temporary Employees

Undocumented Workers

Minimum Wage

Special Classes of Employees

Deductions from the Minimum Wage

Permitted Deductions

Prohibited Deductions

Overtime

Regular Rate Defined

Computing the Regular Rate

The Workweek

Flextime

Advantageously Setting the Workweeks

Allocating Hours

Fluctuating Workweek

Hours Worked

Before and After the Workday

Breaks

Sleeping Time

On-Call Time

Training Time

Exempt Employees

White-Collar Employees

Executive Employees

Administrative Employees

Professional Employees

Computer Employees

Outside Sales Employees

Docking Employees’ Pay

Reduced Workweek

Public Employees

Docking and the FMLA

Correcting Docking

Recordkeeping

Penalty for Noncompliance

Executives’ Personal Liability

Child Labor

State Wage-Hour Laws

2020 State Minimum Wage Rates

State Overtime Provisions

12 PAYROLL TECHNOLOGY

Introduction to Payroll Technology

Payroll Features Supported by Technology

Effective Dating

Analytics

Modeling

Artificial Intelligence (AI)

Blockchain (Data Sharing)

API (Application Programming Interface)

Mobile

Geocodes (Location)

Geofencing (Access Location)

SMS (Short Message Service)/Text

Digital Currencies (Points, Cryptocurrency, Bitcoin, and Virtual)

Automation (Automated Payroll)

Security Concerns

Application (Screens and Fields)

Data

Third-Party Access

Firewalls

DMZ

Phishing Attacks

User-ID and Password

Security Breach (Threat Modeling)

Disaster Recovery

Payroll Solution Selection

Payroll Service Provider

Payroll Software

Software Service Platforms

Chart: Comparisons of Platform Solutions

13 PAYROLL ACCOUNTING

Uses of Payroll Data

Types of Accounts

Accounting Terminology

Accounting Entries

Accruals and Reversals

Fiscal Year Versus Calendar Year

The Flow of Accounting Information

Balancing Payroll Entries

Reconciling the Payroll Account

Payroll Reporting Errors and the IRS

IRS Underpayment Notices

Appendix A FINGERTIP GUIDE TO BENEFITS

Adoption Expense Assistance

Advances and Drawing Accounts

Back-Pay Awards

Bicycle Commuting

Bonuses

Cafeteria Plans

Cash-or-Deferred Plans

Cell Phone

Club Dues

Commissions

Consultants’ Fees

Dependent Care Assistance Plans

Directors’ Fees

Disability Insurance

Discounts for Employees

Dismissal and Severance Pay

Educational Assistance

Employment Agency Fees

Fringe Benefits

Gifts

Gyms at Work

Health Insurance Premiums

Health Reimbursement Arrangements

Health Savings Accounts

Identity Protection Services

Idle Time (Standby) Pay

Individual Retirement Arrangements (IRAs)

Jury Duty Pay

Leave Donations

Life Insurance

Loans With Low Interest

Lodging

Long-Term Care Insurance

Meals Furnished by the Employer

Medical Expense Reimbursements

(Archer) Medical Savings Accounts

Military Differential Pay

Moving Expense Reimbursements

On-Call Pay

Parking

Prizes and Awards

Retirement Plan Distributions

Retirement Planning Services

Roth 401(k)

Royalties

Sick Pay

Student Loan Repayment

Supplemental Unemployment Benefits

Tips and Gratuities

Transit Passes

Travel and Entertainment Expenses

Uniform Allowances

Vacation Pay

Van Pooling

Wages Paid After Death

Wages Paid by Successor Employers

Wellness Program Benefits

Appendix B DIRECTORY OF STATE AND FEDERAL AGENCIES

State Income Tax Administrative Offices

State Unemployment Administrative Offices

State Child Support Administrative Offices

State Labor Departments

Federal Wage and Hour Offices

Federal Electronic Filing Information

Appendix C 2020 FEDERAL PAYROLL TAX CALENDAR

Appendix D THE 2020 FEDERAL PER DIEM RATES

Appendix E EMPLOYER’S TAX GUIDES

Appendix F GLOSSARY

About The Experts
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