Key Rules for Wage Garnishments: Lump-Sum Payments

Key Rules for Wage Garnishments: Lump-Sum Payments

June 16th, 2019 11:29 am

In 2018, the Department of Labor issued an opinion letter in response to a query regarding whether certain lump-sum payments are considered earnings under Title III of the Consumer Credit Protection Act, which limits the amount an employer can deduct from an employee’s wages for child and alimony support plus other wage garnishments. The CCPA […]

Who Is Excluded From the FLSA’s Minimum Salary Requirements?

February 16th, 2019 10:55 am

Executive, administrative and professional employees who meet the Fair Labor Standard Act’s job duties and salary basis criteria are exempt from the FLSA’s minimum wage and overtime pay provisions. Per the FLSA, these employees must be paid no less than $455 per week on a salary basis. However, the following positions may be exempt from […]

Unemployment Claims and How to Handle Them

December 5th, 2018 9:29 am

Unemployment claim benefits are provided through a federal-state unemployment program, which is funded largely by federal and state taxes imposed on employers. The Internal Revenue Service enforces federal unemployment tax laws. The state unemployment agency oversees state unemployment tax as well as the determination and disbursement of unemployment benefits. When an employee files a claim […]

Pretax and After-Tax – Learn the Differences

September 5th, 2018 9:26 am

Deductions Taken Before Taxes Pretax and after-tax deductions – what’s the difference? When can you use each? Pretax deductions are subtracted from employees’ wages before taxes are taken out, thereby lowering their taxable wages and increasing their take-home pay. For a deduction to be eligible for pretax status, the employer must have an Internal Revenue Service-compliant plan […]

How to Manage a Cafeteria Plan

July 4th, 2018 12:51 pm

A cafeteria plan is a written employee benefits plan that meets the requirements of Section 125 of the Internal Revenue Code. Most commonly, cafeteria plans come in the form of premium-only plans and flexible spending arrangements. Cafeteria Plan Provisions With a premium-only plan, employees pay their premiums—such as for health, life, and disability insurance—with pretax dollars […]