Even if your business has only a few employees, you may be considering outsourcing your payroll processing to a specialist. What can a payroll processing service like Payroll VI by Account Ability do for you? It can help keep you compliant. You may have employees in more than one state and need to comply with […]
Payroll Resources
US DOL Issues Final Regulations on Tip Sharing
On Sept. 24, 2021, the U.S. Department of Labor issued final regulations on tip sharing and employer penalties. The regulations became effective on Nov. 23, 2021. Under the Fair Labor Standards Act, employers with tipped workers can take a “tip credit,” which allows them to pay tipped workers less than the federal minimum wage if […]
IRS Announces Annual Inflation Adjustments
With the end of the year in sight, the IRS has announced inflation adjustments taking effect in the new year. This does not directly affect the taxes you’ll be filing by April 15, 2022. Rather, these adjustments generally apply to tax returns you will be filing in 2023. Although that seems far away, it pays […]