Payroll Practitioner’s Monthly is a 16-page monthly newsletter that shows payroll professionals what they need to do and how to do it when it come to the many rules, regulations and laws they must follow to prepare and distribute a corporate payroll. In general terms, it is a “step-by-step” newsletter, focusing on the administrative details of payroll in plain English with proven suggestions on how to get the job done right, and done once. PPM gives managers in small to mid-size companies access to the same hard-hitting data found in academic journals on accounting, without the padding of charts, graphs and theoretical language. PPM also includes feature articles like, “Ask Professor Payroll,” and members of PPM’s Guest Editorial staff provide insights and commentary on specific payroll processing, technology or legal issues.
According to Shakespeare, “Parting is such sweet sorrow.” Clearly, the Bard has never done payroll before. Partings are often anything but sweet, and payroll is often caught in the middle.
The IRS recently published Notice 2008-14, Frivolous Positions (Internal Revenue Bulletin [I.R.B.] 2008-4, Jan. 28, 2008, page 310), which revised the list of frivolous positions identified in Notice 2007-30, 2007-14 I.R.B. 883.
The Fair Labor Standards Act establishes minimum wage and overtime provisions. Section 6 requires each employee not specifically exempted, who is covered under the act, to receive a specific minimum wage. The current federal minimum wage is $5.85 an hour.
Signing Form 941 as an Employee
Filing Form 940 (FUTA Tax)
Form W-2 Issued in Error
Payroll Procedures, Audio Seminar, May 13. Contact: Center for Competitive Management, www.c4cm.com
APA’s 26th Annual 2008 Congress Registration and Housing, Austin, Texas, May 13-17. Contact: American Payroll Association, www.americanpayroll.org
Exempt v. Non-Exempt, Audio Seminar, May 14. Contact: IOMA Inc., 212-244-0360; www.ioma.com
Form W-4, Audio Seminar, May 15, Contact: BNA, 800-372-1033; hrcenter.bna.com
Latest Tax-Related Updates From Washington DC and State Governments for Managers and Directors, Audio Conference Call, May 19. Contact: National Association of Tax Reporting and Payroll Management, www.natrpm.org …
Payroll Practitioner's Monthly is part of...
Payroll