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SHRM Features ADP’s Expertise on New Overtime Rules

SHRM Features ADP’s Expertise on New Overtime Rules

With new overtime rules set to take effect on December 1st, SHRM interviewed two ADP thought leaders to gather insights to help HR leaders prepare. In an article titled “It Takes Two: Exempt Employee Must Meet Both Salary and Duties Tests, ADP’s Sushma Tripathi addresses some misperceptions around the changes to the overtime rules. For example, meeting the salary threshold doesn’t automatically make an employee exempt from overtime pay; employees must earn at least the standard salary threshold of $47,476 and fulfill one of the exemptions in the standard duties test. In another article titled, “Overtime Rule Puts Focus On Incentive Pay,” ADP’s Meg Ferrero discusses how the new rule amends the salary basis test to allow employers to use nondiscretionary bonuses and incentive payments (including commissions) to satisfy up to 10 percent of the new standard salary threshold. Head over to SHRM to read both stories in their entirety! Share this:Click to email (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on...

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Don’t Fear! Tips to Survive Year-End Reporting

Don’t Fear! Tips to Survive Year-End Reporting

For many employers, the last three months of the calendar year can be quite overwhelming as you prepare for routine year-end workforce activities such as distributing Forms W-2, potential changes in employer taxes, and the ongoing effects of legislative and regulatory changes. Keeping pace with all of these tasks — while remaining compliant — can be daunting. To help with these efforts, ADP® is conducting two hour-long webcasts that will offer insights on the latest changes and trends pertaining to year-end reporting, including aspects of the Affordable Care Act (ACA), unemployment insurance tax, Forms W-2 reporting and payroll. Topics of discussion will include: Affordable Care Act (ACA) o New IRS® ACA E-File Systems and Error Notices o IRS ACA Penalty Assessments Unemployment Insurance (UI) Tax o Federal Unemployment Tax (FUTA) Changes – Possible FUTA credit reduction and Benefit Cost Rate Assessment – Affected states and potential outcomes o State Unemployment Tax Changes – Proposed expansions to quarterly wage reporting o Update on the projected solvency of state UI trust...

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Payroll as Pain vs. Payroll as Pleasure: A Chat with Andrews and Company

Payroll as Pain vs. Payroll as Pleasure: A Chat with Andrews and Company

Ask any business owner and you may find that one of the first things they did when starting their business was retain the services of an accountant. Such a partner isn’t there just to help with taxes, but to serve as a trusted advisor who can provide solid advice on managing cash flow, planning for growth, assessing risk and, in many cases, helping with payroll and other HR activities. Because of the advisory nature of their relationship with clients, accountants today have a lot more on their plates than they ever did before. In fact, with the onset of the Affordable Care Act, recent changes to the Fair Labor Standards Act, and ever-changing payroll regulations, I’m seeing that many more small to midsized accounting firms (with five to 15 employees) are thinking about referring out their payroll business or stepping away from offering payroll services completely. The reasons they’re citing? Lack of time and the complexities of keeping up with payroll tax changes and other related compliance issues. Accountant...

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