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. ...
Garnishments Insurance premium payments FSAs and HSAs Union FeesAs an employer, you’re responsible for making payroll deductions on behalf of your employees and ensuring that the deducted funds are properly allocated.For example, when funds are deducted to cover employee benefits payments, you must...
Wage garnishments: These are court orders that require the employer to withhold part of your income to pay a debt. Other deductions: There are other less common deductions that can reduce your net pay, such as life insurance premiums, charitable contributions, or union dues.What is net pay?
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...
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...
Any additional withholding from employee paychecks, such as 401(k) contributions, flexible or health savings accounts, or child support garnishment. Should I keep payroll in-house or outsource? Payroll processing definitely takes time and attention to detail—even when you use a payroll service provi...
More in Tax Payments How to Deal with Penalties from Tax Non-PaymentWhat is the Minimum Monthly Payment for an IRS Installment Plan?Video: Guide to Income Tax Refund GarnishmentVideo: What is a Federal Tax Lien?Facts about IRS Payment PlansThe...
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.
Wage Garnishment is a very common sort of garnishment within the USA. It refers to the course of in which there’s a deduction of money from an employee’s wage, on the account of a court order. It entails 25% of the worker’s disposable income. There are individuals and corporations ...
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 states, on a biweekly and weekly basis. Employees' pay included hourly, salary and ...