NEW Form W-4 – “Why Do I Owe?”
Why Do I Owe? In 2020, the IRS released a new W-4 that was designed to make it easier for individuals to determine...
The U.S. Department of Labor enacted the final Overtime Rule which updates the earnings thresholds necessary to exempt executive, administrative and professional employees from the Fair Labor Standards Act’s (FLSA) minimum wage and overtime pay requirements. It allows employers to count a portion of certain bonuses/commissions towards meeting the salary level. The new thresholds account for growth in employee earnings since the thresholds were last updated in 2004.
The impact of the Labor Department’s rule includes:
Employers should consider auditing their wage practices to ensure that, come the new year, all non-exempt employees are being properly paid overtime to avoid high-penalty FLSA claims.
Why Do I Owe? In 2020, the IRS released a new W-4 that was designed to make it easier for individuals to determine...
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THOUSANDS OF COMPANIES AUDITED IN 2018, WITH MORE TO COME If you have not yet been audited by U.S. Immigration...
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On December 5th, the Internal Revenue Service (IRS) released the 2020 Form W-4, Employee’s Withholding Certificate 2020 Form W-4. It...