Monthly Archives

November 2019

What Employers Must Know About Deducting the Cost of Uniforms and Other Essentials
What Employers Must Know About Deducting the Cost of Uniforms and Other Essentials Human ResourcesSmall BusinessTaxes

What Employers Must Know About Deducting the Cost of Uniforms and Other Essentials

The United States Department of Labor created the Fair Labor Standards Act (FLSA) to help regulate issues that arise between employer and employee. One of these is a tax deduction to offset the cost of employee uniforms. Because the FLSA considers uniforms a primary benefit to the employer, it doesn’t allow businesses to include the…
Palmetto Payroll
November 30, 2019
Understanding Federal Regulations for Retaining Payroll Records
Understanding Federal Regulations for Retaining Payroll Records Outsourced PayrollPayroll Processing

Understanding Federal Regulations for Retaining Payroll Records

As a business owner, the Internal Revenue Service (IRS) expects you to keep hard copies of certain records for several years in case it needs to see a copy of something again. Fortunately, you can scan the original item and store it on a computer to save space if necessary. From the standpoint of the…
Palmetto Payroll
November 15, 2019