Wage garnishments Again, all of this should be up-to-date in your payroll register. But, if you have doubts about the accuracy of that information, check your employee’sForm W-4to confirm their withholding amounts with your payroll reconciliation report. ...
Court-ordered child support payments: If your employee is required to contribute a certain amount of their paycheck to child support payments, you may need to withhold these funds. Wage garnishments: If your employee is required by court order to pay off tax debt, it is your responsibility to...
You are probably aware that if you fail to pay your credit card bills or other loans on time, your credit rating can suffer as a result. Not paying your income taxes on time could potentially have similar results to your credit rating. Watch this video t
Falling behind on your loan or credit card payments is never a pleasant situation to be in. You're probably wondering how this may affect your tax refund. Watch this video to find out more about how judgments can affect your tax refund.
Keep in mind that federal minimum wage laws do not cover 1099 contractors, while W-2 employees are covered — this is a major distinction between 1099 contractors vs W-2 employees.2. Review Your Business’s Payday ScheduleWhen it comes to choosing a pay schedule, it’s essential to ...
If you've received court orders for wage garnishments, consider using payroll software with garnishment management services to stay in compliance and avoid penalties. For employees who have temporary work visas, pay attention to expiratio...
In some cases, you might also have to handle wage garnishment orders for employees. With some payroll products, garnishment management services come included in the basic plans; in other cases, you need to purchase a higher-tier plan for those services. Back to top Run payroll Whether done ma...
Highly communicative and customer service-oriented payroll specialist with more than eight years of expertise in auditing payroll data and processing garnishments. An action-oriented professional proficient in ADP processing and Kronos. Process and transmit payroll for over 3,000 employees, in multiple ...
If you cannot pay bills, you may end up in debt. This can lead to wage garnishment, liens against your business or property, or even bankruptcy. Is it better to pay bills early or on time? It’s always better to pay up early. If you can’t pay all of them at once, try to at...
You may also have other payroll tax liability requirements to consider. This can vary based on the type of worker you run payroll for and whether they owe any debts that may require wage garnishment. You will know if this is the case as you should receive detailed information from the feder...