Can we let staff that work Sundays choose an extra day off?
Payroll Partners Blog
by Margie Reed
2d ago
Yes, you can allow staff to choose their own schedule, including what their day off will be as long as you include this in the time off policy in your Staff Handbook. Staff that chose their own days off throughout the week often run into the following problems, though: Employees feeling pressure to work when a coworker is firing off emails or needing an answer on their chosen day off Employees failing to consistently take their day off leading to burnout and unhealthy work culture An understaffed office when too many staff members choose to take the same day off Several churches we work with ..read more
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Layoffs: When the Ax Falls
Payroll Partners Blog
by Margie Reed
2d ago
During the pandemic, companies experimented with options to ease the trauma. They quickly adapted to compromises such as no-layoff pledges, furloughs, grants of extra personal time off and trimming executives’ salaries first. Their pitch was that they cared sincerely about employees’ welfare. That said, more recent rounds of staff reductions may make that message ring hollow. The pain of layoffs On a personal level, being laid off can be as stressful as divorce or the death of a close friend. On average, it takes a couple of years to fully recover from the psychological blow. In the meantime ..read more
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How On-Demand Pay Apps Work
Payroll Partners Blog
by Margie Reed
2d ago
What is on-demand pay? How can it boost your company’s bottom line? Through on-demand pay apps, you can provide workers with additional benefits and improve your employee turnover rate. Many of these apps can be integrated into your payroll system, so you don’t have to do any extra work to incorporate them into your workplace. What Is On-Demand Pay? On-demand pay is when your employees are able to access their wages as they earn them. This is typically set up through your payroll provider or on-demand pay apps. Basically, on-demand pay allows your workers to access their paychecks as soon as ..read more
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Debunking common myths about your federal tax refund
Payroll Partners Blog
by Margie Reed
1w ago
Once people complete and file their tax return, many of them eagerly await any refund they may be owed. Knowing fact from fiction can help manage expectations as they wait for their money. Myth: Calling the IRS, a tax software provider or a tax professional will provide a more accurate refund date. Fact: The best way to check the status of a refund is through the Where’s My Refund? tool or the IRS2Go app. Taxpayers can also call the automated refund hotline at 800-829-1954 to get their refund status. This hotline has the same information about current tax year refunds ..read more
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LAW UPDATE: Federal Minimum Salary Level
Payroll Partners Blog
by Margie Reed
1w ago
LAW UPDATE The Department of Labor (DOL) has updated regulations issued under the federal Fair Labor Standards Act (FLSA) that impact pay rates, employee classification, and overtime eligibility within the next two months. THINK FAST! For non-pastoral*, salaried church employees, pay may have just gotten more complicated. You may need to make plans now to change your church staff’s compensation to comply with the new requirements. What does this mean? An increase in the federal minimum salary level (Currently $684/week and $35,568 per year. This minimum ends June 30, 2024.) An increase in the ..read more
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Major Overtime Change Will Deeply Affect Employers
Payroll Partners Blog
by Margie Reed
1w ago
According to a Department of Labor release, a newly issued rule increases the salary threshold required to exempt a salaried bona fide executive, administrative or professional employee from federal overtime pay requirements. The release states, “Effective July 1, 2024, the salary threshold will increase to the equivalent of an annual salary of $43,888 and increase to $58,656 on Jan. 1, 2025.” The present annual salary threshold is $35,568. “Starting July 1, 2027, salary thresholds will update every three years by applying up-to-date wage data to determine new salary levels,” the rel ..read more
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IRS Tax Withholding Estimator helps ensure withholdings are correct for 2024
Payroll Partners Blog
by Margie Reed
1w ago
WASHINGTON The IRS encourages taxpayers to use the IRS Tax Withholding Estimator to ensure they’re withholding the correct amount of tax from their pay in 2024. This digital tool provides workers, self-employed individuals and retirees with wage income a user-friendly resource to effectively adjust the amount of income tax withheld from their wages. The Tax Withholding Estimator will help taxpayers avoid unwanted results in 2024 if the refund for their 2023 return was too large, too small or if they received a surprise tax amount due. Benefits of using the Estimator For employed individu ..read more
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A Benefit Plan From B to Z
Payroll Partners Blog
by Margie Reed
1w ago
The Baby Boomers, Generation X, millennials, and Generation Z, who make up most employers’ workforce, have different situations and benefit needs. That’s why increasing numbers of employers are looking beyond a one-size-fits-all plan to a multi-generational benefit plan. KNOW YOUR DEMOGRAPHICS The first step in moving your company’s benefit package toward a multi-generational offering is to know your workforce demographics and identify what the different generations have in common and what their differences are. The University of North Carolina Kenan-Flagner Business School Guide to Lead ..read more
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Staff Development in Two Steps
Payroll Partners Blog
by Margie Reed
2w ago
Staff development is the key to forward motion in any organization. If your people are your greatest asset, then their growth and success are your organization’s growth and success. When they stop growing, you can almost guarantee organizational growth will come to a screeching halt, too. So how do you ensure continued development? Two things: administrative leadership and HR tools. Your people need a path and a vehicle forward. What is Administrative Leadership? Administrative leadership begins with who you hire and how you equip them but runs the length of the employee lifecycle: it is how y ..read more
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Get It Right on the Pay Stub
Payroll Partners Blog
by Margie Reed
2w ago
The pay stub can be referred to as a pay or wage statement and may be considered the decoder ring of payroll. Pay statements summarize employees’ gross pay, taxes and deductions, and net pay. They can be in printed format or made available electronically. Pay stubs help employees confirm what was withheld from their gross pay so they can understand how the final net pay amount was arrived at. Pay stubs are useful to employers as well, especially when they need to solve wage and hour disputes or tax discrepancies. While no federal law requires pay stubs, most states do — you can view pay stubs ..read more
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