Author Archives: Payroll Dynamics

About Payroll Dynamics

Workforce Mgmt Solultions via our fully integrated web application. Payroll, HR, Time/Labor & Benefits have never coincided on one platform before...until now!

How to Handle Supplemental Wages

Basically, supplemental wages include a variety of items paid in addition to regular wages. Whereas regular wages constitute straight-time hourly pay or fixed salary, supplemental wages include: Bonuses. Back pay. Commissions. Overtime pay. Lump-sum vacation payments. Retroactive pay increases. Severance … Continue reading

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Back Pay and Form W-2

Back pay, or back wages, is the difference between what an employee was actually paid and what should have been paid. Maybe you inadvertently made a payroll mistake, but regardless of how the situation was created, you should know that … Continue reading

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Employee Loans and Their Tax Consequences

A salary or wage advance is a type of short-term loan from an employer to an employee. The employee receiving the advance must pay back the money within a specified time frame, as dictated by the company’s salary advance policy. … Continue reading

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ACA Affordability Threshold to Rise in 2019

The ACA requires that employers with 50 or more full-time-equivalent employees provide minimum essential coverage that is affordable — or face a penalty for not complying. The affordability requirement is satisfied if an employee’s premium for self-only coverage does not … Continue reading

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Should You Honor All W-4 Requests?

Form W-4 helps employers determine how much federal income tax to take out of their employees’ wages. On the form, employees state their withholding conditions, such as filing status, number of allowances and any additional amount they want withheld. It … Continue reading

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4 Tips for Successful Absence Management

 SAVE Absence management is a strategic weapon that employers leverage to help maximize employee productivity. It involves administering programs designed to reduce absenteeism and return employees to work as quickly and as safely as possible. Employers are increasingly viewing absence … Continue reading

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How to Handle Unemployment Claims

Unemployment benefits are provided through a federal-state unemployment program, which is funded largely by federal and state taxes imposed on employers. The Internal Revenue Service enforces federal unemployment tax laws. The state unemployment agency oversees state unemployment tax as well … Continue reading

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