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Payroll

Feb 19 2024
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Deciding on ASP or PEO Services

By HR, Payroll
Business owners often realize that the daily administrative tasks related to human resources (HR) have become too complex to manage or are taking up too much time. A professional employer organization (PEO) like MarathonHR can allow you to outsource your HR functions to a “co-employer.” In addition to offering PEO services, we also offer scalable solutions that allow you to package payroll, human resources (HR) and benefits administration services according to your needs. Building on…
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Jan 12 2024
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Is it Time for a Cost-of-Living Increase?

By Payroll
When inflation is low, employers usually don’t have to worry about making cost-of-living adjustments (COLAs) to employees’ salaries. However, with the inflation of the last few years, COLAs have driven payroll changes and are still a prudent thing for employers to do. Wages and the Cost of Living Workers are continuing to catch up after more than two years of high inflation that took a chunk out of their paychecks. While prices for energy and…
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Dec 12 2023
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Tax Considerations for Christmas Bonuses

By Payroll, Tips
This time of year, many employers like to reward their employees with Christmas bonuses. While this gesture is usually enthusiastically received by employees, they’re often surprised at the amount of taxes that are withheld. The IRS includes bonuses on its list of wage payments that are treated as supplemental wages instead of regular wages. Assuming that you’re not paying your employees more than $1 million each in bonuses, the withholding rate is 22%. Bonuses are…
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Dec 08 2023
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Remind Your Employees to Update W-4s Before Year-End

By Payroll
At year-end, it’s important for employees to update their W-4 forms to make sure their tax withholding is correct. Who Should Update Their Withholding? Employees may benefit from double-checking their withholding if they haven’t looked at their paystubs or made any withholding changes in a while. In general, they may want to adjust withholdings if they: Got married or divorced. Had a child. Bought a home. Received raises or bonuses since the previous tax season.…
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Dec 06 2023
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Make Sure Employees Have Correct Address on W-2

By IRS, Payroll
It’s always a good idea to remind employees to report a change in mailing address, especially if they are remote workers who may not have regular face-to-face contact with their human resource department. In an environment where employees increasingly receive employment and personal financial information digitally, they may forget to report a change in physical address to their employers. Having the correct mailing address on file helps employers make sure that workers receive payroll and…
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Dec 01 2023
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Revisit Your Recordkeeping Requirements

By Legal, Payroll
It’s good practice to periodically revisit recordkeeping requirements under the Fair Labor Standards Act (FLSA). Every employer covered by the FLSA must keep certain payroll records for each covered, nonexempt worker. It’s in an employer’s best interest to keep as much detailed information as possible to demonstrate compliance with the FLSA’s provisions regarding minimum wage, overtime, equal pay and child labor. At a minimum, each employer must retain: Payroll records, collective bargaining agreements, and sales…
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Nov 20 2023
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Now is the Time to Change W-4 Tax Withholding

By Payroll
At year-end, it’s important for employees to revisit their tax withholding to make sure it’s correct. There’s still time to make adjustments and avoid unpleasant surprises come tax season. If an employee has claimed exemption from withholding and had zero federal income tax deducted, he or she must have a current Form W-4 on file. A W-4 claiming exemption from withholding is only valid for one calendar year, so employees with zero withholding must submit…
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Aug 22 2023
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Select the Right PEO for Your Business

By HR, Payroll
Business owners often realize that the daily administrative tasks related to human resources (HR) have become too complex to manage or are taking up too much time. A professional employer organization (PEO) like MarathonHR can allow you to outsource your HR functions to a “co-employer.” In a PEO arrangement, responsibilities are shared; the business remains the “Job-Site Employer” and the PEO becomes the “Administrative Employer.” The advantage of the PEO relationship is that small- to…
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Aug 02 2023
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The 80/20 Tip Credit Rule Still Stands

By HR, IRS, Legal, Payroll, Tips
In July, a federal court refused to block the U.S. Department of Labor (DOL)’s “80/20 rule,” which applies to employers taking the tip credit toward their federal minimum wage obligations. The DOL rule is intended to limit the amount of non-tip producing work that a tipped employee can perform when an employer is taking a tip credit. Here is a good article on the 80/20 rule from Fisher Phillips that restaurant owners should read to…
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Jul 03 2023
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Are Advanced Biometric Time Clocks Worth the Investment?

By HR, Payroll, Workplace Safety
MarathonHR offers an array of convenient and accurate timekeeping options for clients. As part of our services, we provide timeclock packages and a desktop app for clocking in that doesn’t require the employer to purchase special software. For employers who wish to use a physical device, biometric timeclocks are a popular option. What are Biometric Timeclocks? Biometric timeclocks are physical, electronic devices that capture unique identifiable features from employees when they clock in and out.…
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