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iNFOGRAPHIC
100%
W-4
Single 20 Days
FICA Benefits
When employees leave your company, their last paycheck is usually
due before the next pay period, sometimes even if it is a voluntary
resignation. You may have to payout unused vacation, whether you
like it or not.
The Final Paycheck
Making unauthorized
deductions from pay
The simple rule is that only two
types of deductions are
authorized: those required by
law (e.g., FICA, taxes) and those
authorized by the employee
in writing (e.g., benefit
contributions).
Misunderstanding the
ordering rules for
garnishments
Garnishments come in all shapes
and sizes. Ordering rules and
deduction limits exist for those as
well as child support orders and
tax levies.
Issuing final pay in an
untimely manner
It starts with Form 941, but does
not end there. You have other
quarterly and annual reports to
the IRS, along with filing W-2s with
the Social Security Administration.
Incorrectly handling
employees W-4s
They are required of all
employees. The default position
is single with zero allowances.
Failing to comply with
new hire reporting
All employers must report new
hires to a State Directory of New
Hires within 20 days of hire (or
sooner in some states).
Forgetting the
Golden Rule of Payroll
For employees, 100% of mistakes
are not easily forgiven, rarely
forgotten, never ignored.
© 2013 Infinisource
for more info.
for more info.
for more info.
for more info.
for more info.
for more info.
for more info.

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7 Payroll Pitfalls

  • 1. 1 2 3 4 5 6 7 iNFOGRAPHIC 100% W-4 Single 20 Days FICA Benefits When employees leave your company, their last paycheck is usually due before the next pay period, sometimes even if it is a voluntary resignation. You may have to payout unused vacation, whether you like it or not. The Final Paycheck Making unauthorized deductions from pay The simple rule is that only two types of deductions are authorized: those required by law (e.g., FICA, taxes) and those authorized by the employee in writing (e.g., benefit contributions). Misunderstanding the ordering rules for garnishments Garnishments come in all shapes and sizes. Ordering rules and deduction limits exist for those as well as child support orders and tax levies. Issuing final pay in an untimely manner It starts with Form 941, but does not end there. You have other quarterly and annual reports to the IRS, along with filing W-2s with the Social Security Administration. Incorrectly handling employees W-4s They are required of all employees. The default position is single with zero allowances. Failing to comply with new hire reporting All employers must report new hires to a State Directory of New Hires within 20 days of hire (or sooner in some states). Forgetting the Golden Rule of Payroll For employees, 100% of mistakes are not easily forgiven, rarely forgotten, never ignored. © 2013 Infinisource for more info. for more info. for more info. for more info. for more info. for more info. for more info.