Employee Attendance & Payroll on Any Device ASAP’s new cost-effective HUB portal is geared for the small to mid-sized employer in need of a simple online tool for pay stub/W-2 delivery and archive, a straight forward timeclock platform (mobile friendly), one-touch PTO request and review, document link library, and company message board to help streamline daily communication. >>More
Paperless Payables and Receivables Automate all the manual bill routing tasks and invoicing, store and access documents anytime, maintain digital audit trails, initiate bill payments remotely and accept ePayments from your customers — synchronizes directly with your QuickBooks data. All from the convenience from any computer or mobile device. >>More>
Anytime, Anywhere Access to Your Financial Data If you find yourself shuffling discs/backups with your bookkeeper, consider putting your QuickBooks database on our Remote Server to gain anytime, anywhere access for you and your accounting team. >>More
Olympic athlete Gus Kenworthy took Silver in the men’s slopestyle skiing competition Thursday in Sochi. Congratulations to his father Peter Kenworthy, mother Pip Kenworthy, and the Telluride community.
Effective January 1st restaurants that put service or automatic gratuity on bills for larger parties now have to show these charges as taxable sales/service charges (not as tips) and are subject to all payroll tax withholding. That added fee will need to be included with their payroll, meaning workers will have to wait to get the extra cash.
Restaurants are required to report to the IRS what employees receive for tips and are to pay Medicare and Social Security taxes on those amounts. Restaurants are eligible for the Excess Tip Credit, an income-tax credit for some or all of those payments – service charges are not eligible for this credit.
Although not listed in the revenue ruling, common examples in service industries are:
ASAP’s W-2 Processing is well under way; we anticipate all forms to be in the mail by MLK day! All clients will receive copies securely electronically later this month. Please retain these copies as you will need these to issue any reprints or copies that were delivered to a prior employee address. Note: for confidentiality and privacy concerns, we will not discuss payroll matters with your employees directly. Requests such as address changes, lost W2’s, additional copies or question/changes for any purpose must be sent to us by an approved contact.
TOP 5 ITEMS to Recap and Review
Recap and Review:
Congratulations to ASAP’s Todd Brown for his election to the Telluride Town Council.
The Colorado Department of Labor & Employment (CDLE) is conducting more than a thousand audits on employers each year to enforce Colorado’s Employment Verification Law.
According to a recent post by our friends at Jackson Lewis LLP, The Division has conducted approximately 200 compliant-based audits, 5,400 random audits, and 650 re-audits since the law went into effect in 2007.
Colorado employers must make an affirmation on the Colorado Affirmation of Legal Work Status Form (revised 9/2012) within 20 days after hiring a new employee. Additionally, the employer must keep a written or electronic copy of the employee’s documents as required by the federal I-9 Form (revised 3/2013).
After weeks of contention, a bipartisan deal emerged from the Senate Wednesday (10/16) to reopen the bulk of the federal government. However, the measure only fund the federal government through January 15. Thus, Congress would face a December 13th deadline to create a plan for the next ten years. Although yesterday’s deal only offers short-term relief, it is certainly better than the alternative of none at all.
As it relates to the Affordable Care Act, the Senate bill included only one alteration to reforms. Individuals or families who receive federal subsidies for their health insurance under the ACA will face stricter income verification.
E-Verify has resumed operation as federal government reopens.
The Department of Labor and Equal Employment Opportunity Commission (EEOC) will remain active during the shutdown, although activities are limited.
The Treasury Department will continue to conduct automated revenue collections and manage cash, but the IRS will stop performing key activities such as audits, tax return examination, processing paper returns and taxpayer call centers will be unavailable.
OSHA will suspend all operations except for the functions related to “emergencies involving the safety of human life or protection of property.”
The National Labor Relations Board (NLRB) will cease all nonessential functions.
State Departments – most state operations are still operational.