Payroll Tax Deferral Guidance

President Trump issued an executive order on August 8, 2020 allowing employers to defer employee’s social security taxes for certain employees for the period beginning September 1, 2020 through December 31, 2020. The Department of Treasury and the Internal Revenue Service issued Notice 2020-65 providing additional guidance on August 28, 2020. The executive order defers…

The ABC’s of HR

This comprehensive glossary of human resource (HR) terms defines words and phrases frequently used by HR professionals. – A – Ability: A competence to perform an observable behavior or a behavior that results in an observable product. Action item: Specific activity initiated to achieve an objective. Adaptive device: Any tool that facilitates greater efficiency by…

DOL Updates Regular Rate of Pay Rules

The U.S. Department of Labor (DOL), announced a new final rule that clarifies how to calculate an employee’s regular wage rate under the Fair Labor Standards Act (FLSA). The final rule became effective on Jan. 15, 2020. Calculating the regular rate is an essential first step when determining an employee’s overtime compensation. Under the FLSA,…