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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® conducted an hour-long webcast that offered 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 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 funds Changes to...

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ACA Best Practices: Annual Reporting Accuracy & Strategic Employee Communications

ACA Best Practices: Annual Reporting Accuracy & Strategic Employee Communications

If you were an Applicable Large Employer (ALE) for tax year 2015, you’ve likely made it through your first year of annual health care reporting. Just as you were breathing a sigh of relief after filing last year’s forms, the process is starting all over again – and seems destined to continue every year from now on. There are lessons to be learned from the 2015 filings, as well as making sure that you are aware of the changes that will apply for 2016. Additionally, since this is only the second year your full-time employees will be receiving a Form 1095-C, a communications plan is the key to your success. It’s time to start thinking about how developing and delivering the right tools in conjunction with effective benefits communications and year end communications to drive awareness and engagement. Join our event on October 25th at either 11AM or 3PM with other HR execs like yourself and get critical insights on how you can prepare for the impact of recent...

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Time Off, ACA Regulations and Your Small Business Clients

Time Off, ACA Regulations and Your Small Business Clients

John Haslinger, Vice President of Strategic Advisory Services recently caught up with Taija Sparkman, Assistant Editor of CPA Practice Advisor while they were both at the Midwest Accounting Show, in Chicago, IL on August 23. They discussed how the Affordable Care Act continues to be a challenge for many business owners and how, as a trusted advisor, accountants can help them better understand this complex regulation and its IRS reporting requirements. “There is a real opportunity for accountants to be more consultative in how they approach the ACA with their clients. ACA compliance is a huge burden for businesses with less than 200 employees and they may not have the same resources as larger corporations. By differentiating in services for small businesses and knowing who the key players are in the field, accounting professionals have a real opportunity to provide value-added service to their clients,” said Haslinger. To learn more, read: Time Off, ACA Regulations and Your Small Business Clients Share this:Click to email (Opens in new window)Click to...

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From Hire to Retire to Compliance? ADP’s CFO on Why Compliance Has Never Been More Important

From Hire to Retire to Compliance? ADP’s CFO on Why Compliance Has Never Been More Important

If it seems like there are a lot of new regulations lately, you’re right. Last year alone, the U.S. Federal Register logged 3,378 final rules and regulations, from the IRS, FLSA and DOL. And many of these regulations impact businesses – and specifically touch at least one aspect of the “hire-to-retire” spectrum. In other words, if your job description includes payroll tax, employment verification services, wage garnishments or benefits administration, your job description should also include compliance. Despite the increasing volume of regulations and potential impact on businesses, there is still a lack of action, and in some cases, understanding, on what needs to be done to comply. Consider these stats: According to ADP research, only 25 percent of small businesses and 50 percent of midsized business are aware of new federal overtime requirements, which are currently set to go into effect on December 1, 2016 via FLSA. For ACA, the ADP Employer Confidence Report found that more than half of midsized companies (52%) and nearly half of large...

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