by Afilliated HR & Payroll | Apr 3, 2024 | Benefits & Compensation, HR Administration, Regulatory Compliance
Pay stubs can be referred to as pay or wage statements and may be considered the decoder ring of payroll. Pay statements summarize employees’ gross pay, taxes and deductions, and net pay. They can be in printed format or made available electronically. Pay stubs help...
by Afilliated HR & Payroll | Mar 18, 2024 | Benefits & Compensation, Career Planning
A compensation plan is designed to attract and retain employees. Build your compensation plan to ensure pay equity while balancing the needs of your small business and delivering value to customers. Pay competitively relative to companies similar to yours in size and...
by Afilliated HR & Payroll | Feb 6, 2024 | Benefits & Compensation
Many businesses, their accountants and advisers have been wondering what’s happening with the employee retention credit, a refundable tax credit for businesses and tax-exempt organizations that had employees and were affected by the COVID-19 pandemic. In recent...
by Afilliated HR & Payroll | Jan 9, 2024 | Benefits & Compensation, HR Administration, Recruiting and Developing Talent, Regulatory Compliance
Are we required to update our I-9s when the documentation used for them expires? You would only update a Form I-9 if the expired document pertains to a limited period of employment authorization. You should never reverify U.S. citizens and, in most cases, lawful...
by Afilliated HR & Payroll | Jan 3, 2024 | Alert, Benefits & Compensation, Regulatory Compliance
Below are federal payroll tax rates and benefits contribution limits for 2024. Social Security tax In 2024, the Social Security tax rate is 6.2% for employers and employees, unchanged from 2023. The Social Security wage base is $168,600 for employers and employees,...
by Afilliated HR & Payroll | Dec 11, 2023 | Benefits & Compensation, Recruiting and Developing Talent
On Jan. 1, the minimum wage increased in 23 states. From a 23-cent increase in Michigan to an increase of $1.50 in Nebraska, people who earn minimum wage are celebrating in many places across the nation. Now, a major influence regarding the adjustments has been the...