Payroll Answer Book, 2012 Edition

By Deborah Ellis Timberlake

Payroll Answer Book gives payroll professionals guidance on what steps theyneed to take to comply with the laws and regulations governing payroll. TheQ&A format helps you quickly and easily find answers to all of your employees'payroll questions.From both a legal and practical standpoint, broad and deep coverage is givento:Payroll implications of the wage and hour lawHow to handle the federal employment taxation of benefits offered to employees.Computing and paying payroll taxesHow to handle garnishments and other deductionsHow to determine whether workers are employees or independent contractorsWhat records must be keptWhat the benefits and disadvantages of direct deposit of employees' wages areHow to treat sick payHow to handle a merger or acquisitionWhat to ask when employees work abroadIn addition to answering the full range of payroll questions, the PayrollAnswer Book contains abundant examples that illustrate necessary calculations.The 2011 Edition of the Payroll Answer Book includes updated coverage of:New legislation's impact on federal income tax withholding for 2011Additional requirement for new hire reportingRequirement to deposit employer taxes electronically with elimination of Form8109, Federal Tax Deposit CouponHow the new healthcare legislation affects PayrollExample illustrating withholding for 2011 levyHow to complete the 2011 W-2 formRevised procedure for withholding federal income tax from wages paid tononresident aliensIncreased penalties for failure to file or furnish a Form W-2The 2011 indexed amounts for adoption assistance, mileage allowance, high-lowper diem rates, pension limits, and qualified transportation fringe benefitsDecreased Social Security taxes for employeesWhy an employer would receive a Section 3121(q) Notice and Demand2011 personal exemption and standard deduction amounts needed to computeexemption from tax leviesRevised information about the employment taxability of employer-provided cellphonesWhy states are quick to audit employers involved in M&A transactionsExplanation of the changes to Form 941, including new line 5e, COBRA premiumassistance credit, and the expiration of the AEIC and HIRE ActIRS proposed regulations regarding the classification for federal tax purposesof a series of a domestic series limited liability company (LLC), a cell of adomestic cell company, or a foreign series or cell that conducts an insurancebusinessWhich states use their own version of the Form W-4Increased penalty for failure to report tips electronicallyResult of new Supreme Court case about student FICA exemptionHow to handle mobile ACH paymentsUpdated charts with state recordkeeping requirementsLaw change affecting educational assistance plan benefitsException to rule to provide periodic statements for pay card accountsSpecial requirements for recordkeeping related to tipped incomeGuidelines for the exception to the commuting rule for unsafe conditionsSIFLrates for first half of 2011New threshold for withholding on gaming profits payments made to Indian tribalmembersThe guidelines for initiating transactions through mobile devicesUpdated state directories for wage-hour, income tax, and unemploymentinsurance agencies

• Format: Hardcover
• Language: English
• ISBN: 1454808608
• ISBN13: 9781454808602
• Release Date: May 2012
• Publisher: Aspen Publishers
• Length: 1152 Pages
• Weight: 4.75 lbs.