Payroll is one of your company’s most critical areas to manage – and probably one of the most scrutinized. Employees expect to receive their paychecks on a certain day and time, and they expect their checks to reflect the time they put into their job. The IRS, the Bureau of Workers Compensation and state and local tax authorities expect the appropriate taxes to be withheld. Plus, the Department of Labor expects your employees to be legally eligible to work in the United States. And if that wasn’t enough, there are a range of changes and proposed changes to worry about.

Dee Gray, a certified payroll professional at Rea, continues to be on the lookout for news regarding the new W4, the potential increase in minimum salary for exempt employees, and possible changes to the overtime rules. On this episode of unsuitable, Dee will walk us through what she’s seeing in the payroll space, while providing you with tips to help prepare for whatever changes may come your way.

Protect Yourself, Protect Your Business

If you're wondering how changes in your payroll department will impact your business and your employees, listen to this episode. You'll get answers to these questions and more:

• What W4 changes are in store for 2020 as a result of the Tax Cuts and Jobs Act?
• Will currently employees need to complete the new form or just new employees?
• How much does an employee need to earn to be considered an exempt employee and, therefore, not subject to overtime? 
• Can states override overtime rules?
• How can employees file a complaint with the Department of Labor?
• When can businesses expect a payroll audit?

If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your professional network on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and watch the podcast in action on the Rea & Associates YouTube channel. We’ve also included access to additional resources on our website at www.reacpa.com.