Category

Payroll

How to Use MarathonHR Client 2.0 on a Mobile Phone

By Payroll

To further support small and medium-sized businesses with their workforce management, MarathonHR’s Client 2.0 portal is an employee self-service tool to access work records such as: Paycheck Contact information Work calendar Timesheet Training records Leave of absences In Client 2.0, employees can also: Record expenses Clock in and out Request PTO Enroll in benefits Watch our short video for a tutorial on how to use Client 2.0 from your mobile device.

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Make Sure W-2s Find Employees at Their New Mailing Address

By Payroll

In an environment where employees increasingly receive all employment and even personal financial information digitally, they oft overlook reporting a change in physical address to their employers. We know this year that a great many workers took advantage of work from home (WFH) policies and made their vacation address their permanent address. We hope that they will get to enjoy the better views from their WFH environments for as long as possible but at the…

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Now is the Time for Every Employee to Double Check their Withholding

By Payroll, Withholding Taxes

Although November is always a good time to revisit your tax withholding each year, it is especially appropriate this year for employees who may have you experienced major changes in their income due to furloughs or layoffs, or received a stimulus payment under the CARES Act. The IRS calls these Paycheck Checkups and conveniently provides a tool for taxpayers to use to help determine whether they are having the right amount of tax withheld from…

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Facial Recognition Time Clocks Maintain Healthy Workplace

By Payroll, Technology in the Workplace

Biometric time clocks that use fingerprints, iris scanners or hand readers are wildly popular with organizations intent on ensuring accurate timekeeping of on-site employees. Since the advent of the pandemic, many businesses are changing the way they manage employee time and attendance including how their employees punch in and out for work. With enhanced protocols for hygiene in the workplace, employers are looking for touchless, contact-free solutions to help protect the health and safety of…

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Business Owners May Need to Report Medical Insurance Premiums as Wages

By Payroll, S-Corps

Business owners who are covering their health insurance premiums through a company in which they are a greater than 2% S-Corp shareholder-employee need to remember that these premiums are deductible by the S-Corp and therefore reportable as wages on the shareholder-employee’s Form W-2 and subject to income tax withholding. You’ll find this additional compensation included in the shareholder-employee’s Box 1 (Wages) of Form W-2, Wage and Tax Statement, but is not included in Boxes 3…

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For Tip Credit, Employers Must be Transparent with Employees

By Employment Law, Payroll

Employers with employees who receive part of their compensation in the form of tips must provide oral or written notice to their employees that they are taking a tip credit. With the understanding that most tipped employees make up the difference of the minimum wage of $7.25/hour through tips, employers are allowed to use the “tip credit” to pay employees $2.13/hour. An employer who fails to provide the required information to their employee cannot use…

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Thinking of Starting a New Business? MarathonHR Can Help in More Ways than One

By Benefits & Insurance, Payroll, Policies and Procedures, Productivity

As entrepreneurialism is trending, it’s an exciting time for small to medium sized businesses (SMBs). Due to the present economic climate, many professionals are leaving large companies to start their own. Whether it’s a new client opening their first business or an existing client opening their second or third, we’re seeing a resurgence of startups in just the last few months. But with the thrill of opening one’s own doors also comes a whole host…

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New IRS Guidance Allows for a Payroll Tax Holiday: Should Your Employees Participate?

By Employment News, Payroll, Withholding Taxes

  The IRS issued Notice 2020-65 on August 28, allowing employers to suspend withholding of employees’ Social Security payroll taxes as part of COVID-19 relief. The IRS is essentially giving employees a loan to try and help them through a tough period but it remains to be seen whether those employees who often live paycheck to paycheck will be able to afford to repay the loan, through a doubling of their payroll deductions next spring….

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What You Need to Know About Filing Yet Another New Form 941 for Q3

By Payroll, Withholding Taxes

The IRS plans to publish the newest version of the Form 941-X in late September. The new Form will allow for corrections to the new lines added to the Quarter 2 Form 941 and allow for reporting related to the new Payroll Tax Holiday. Juggling the multitude of changes in these forms in 2020 is proving difficult for employers. While we’re waiting for the final version of the new forms to be published, it’s critical…

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Visible Changes in Form 941 due to CARES, FFCRA and EFMLA

By FMLA, Payroll, Sick Leave, Withholding Taxes

Required filings of IRS Form 941 looked a little bit different for employers this quarter due to changes in Form 941 for COVID-19 related employment tax creds and other tax relief. IRS Form 941 is the employer’s quarterly payroll tax report. Forms are due on the last day of the month following the end of the quarter meaning that forms submitted on July 31, 2020, were the first to reflect tax changes made as part…

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