In the last 15 years, I’ve generated less than one file cabinet drawer’s worth of paper. Most of that paper can be thrown out now, as everything is available online. None of us are strangers to the wonders of the internet at this point in our evolution, but it’s still no less remarkable. For many of us, the internet just kind of snuck up on us, but for others, the internet was attacked aggressively to achieve new possibilities. The latter applies to my business, Timesheets.com, and how I’m able to manage my 20 office-less workers and several thousand customers from my phone.
THE TIMESHEETS.COM JOURNAL Posts
Throughout the past few weeks the coronavirus has left the world empty and desolate. With lockdown measures and social distancing orders in place, people refrain from going to restaurants, communicating in-person, and going to work. As the nation adjusts to this austere new lifestyle, consumerism has slowed down immensely. Consumers are only buying the essentials, which means they aren’t spending like they used to. Of course, when people aren’t spending money, businesses don’t make money. Therefore, many business owners have had to make tough decisions to stay afloat.
Whether you work at a startup, nonprofit organization, small business, or large corporation, remote work has become normalized in recent years. In fact, working from home is so normal, that over the last ten years remote work has increased about 91%. Although a large majority of companies have remote employees, many businesses still prefer that their employees come into the office every day to communicate face-to-face. Although traditional shared collaboration spaces work for some, remote work is a reality everyone will soon face. With the rise of the coronavirus, businesses everywhere are struggling to figure out how to manage their company without one central location.
Giving your employees time off is a benefit that isn’t required by the FLSA. Since time off is nonobligatory, most employers believe that they are exempt from paying out employees when they leave. Although the federal government doesn’t regulate time off and payouts, state governments have different rules.
Contribution by: Danielle Feiger
Recently, Timesheets.com updated the service to include a notification of any records exceeding a specified value when closing a payroll period. This new feature intends to resolve meal break violations. California, specifically, has a law that requires employees to take a 30-minute lunch break for every 5 consecutive hours worked when the employee works more than 6 hours in a single day. An employer must relieve an employee of all tasks and duties during this meal break period. If the employee does not get a meal break—during which they are relieved of their work duties—for each five consecutive hours worked, a violation occurs. A meal break violation is payable to the employee at the rate of one hour at regular pay. Violation pay does not count towards overtime calculations.
Webinar: Best Practices in Time Tracking for Payroll: Tricks of the Time Tracking Gurus
Learn about ways to improve time tracking at your company by understanding the methods behind the magic. This course is a compilation of advice accumulated after more than 15 years of experience in helping customers integrate electronic time tracking into their company processes. Learn about how to address the human factors of implementing time tracking, the do’s and don’ts of good time tracking policies, and how to best implement a time off policy that satisfies both compliance and employee satisfaction.
Time: 10:00 AM Pacific Time, March 12, 2020
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Now spread outside of China, the coronavirus takes its toll worldwide. Along with South Korea, Italy, Mexico, Nigeria, France, and Germany, the United States has now confirmed signs of this deadly disease in its own home. According to the CDC (Centers for Disease Control and Prevention), California, Oregon, Washington, Arizona, Wisconsin, Illinois, Florida, New York, Massachusetts, and Rhode Island have confirmed cases of COVID-19 (Coronavirus). As of March 2nd, there are 6 confirmed deaths in the US; however, in its current state, experts say that there will be a huge outbreak soon. This relentless virus brings a lot of chaos and bewilderment to many US citizens, and leaves many wondering what they can do to protect themselves. Citizens everywhere are stocking up on bleach, face masks, gloves, and disinfectant products. People worldwide are doing what they can to prevent the virus from entering their own homes and businesses.
California meal period laws can be confusing to many, especially when they are changing every year. Employees used to take meal breaks after 6 hours, but that has since changed to 5 hours after Labor Code Section 512 passed. In addition to Labor Code Section 512, California cities also have their own regulations. With multiple laws in place, it’s incredibly important that employers speak with their local labor boards. This will help ensure that employees are following meal break laws correctly. If employers don’t comply with laws, they may receive penalties and might have to pay employees back in the future.
There have been a lot of changes in 2020 in regards to the US overtime policy salary history bans in Ohio, New York, and New Jersey, and the federal mileage rate. In addition to that, the IRS recently changed Form W-4 for employees and employers starting in 2020. This change leaves employees and employers wondering what they need to do moving forward. Luckily, most people don’t have to worry about changes; however, if you’re thinking about getting a new job or hiring new employees in 2020, you’ll want to acquaint yourself with the new Form W-4.
With the tax return deadline steadily approaching, you might find yourself feeling overwhelmed at the idea of sitting down to do your taxes. You might be concerned about missing documents or worried about owing additional taxes, but by putting it off, you are only creating a bigger problem. To help prevent some of this tax season stress, follow these seven simple tips to make filing your taxes easier than ever.
* As of March 21st, 2020, The Treasury Department and Internal Revenue Service extended the federal income tax filing due date from April 15, 2020, to July, 15, 2020.
Taxes are difficult for a lot of people, and it’s even tougher when you own a company. Not only do business owners have to track expenses for taxes and other tax deductions, but they must also fill out multiple forms throughout the year for tax filing purposes. With many forms and deadlines, it is difficult to remember when certain IRS forms are due. We don’t want you to stress, so we’ve mapped out all of the important dates so that you know exactly what to do and when to do it.
If you’re an employee or employer, you’re probably aware that a lot of things change in the beginning of each year. This year, for instance, we’ve already seen changes to the US overtime policy new salary history bans in Ohio, New York, and New Jersey, and changes to Form W-4. Of course, to keep us on our toes, the IRS has placed a new regulation upon us. On December 31st, 2019, the IRS released the new standard mileage rate for the year 2020. Their official notice explains the rules of the optional standard mileage rate within the next year. Taxpayers will use this rate when computing deductible costs when using a vehicle for business, charitable, medical, or moving expense purposes.