FLSA Archives - Abacus Payroll

Managing Overtime: 7 Common Questions

October 3, 2019 | posted by Abacus Payroll

Despite its frequent usage across occupations, overtime remains an elusively curious phenomenon from a payroll perspective—especially if you’re new to calculating your own company’s payroll. Overtime is expensive to maintain and even pricier to screw up; for that reason, we’re addressing some of the most common questions you’re likely to have about overtime so that […]

DOL Announces Final Overtime Rules for 2020

September 26, 2019 | posted by Abacus Payroll

After several years of attempting to get proposed overtime changes off the ground, the U.S. Department of Labor announced on September 24, 2019 a final rule to make 1.3 million additional American workers eligible for overtime pay. The new provisions update the Fair Labor Standards Act’s (FLSA) regulations and minimum salary thresholds in which executive, […]

Avoiding Labor Poster Fees

September 26, 2018 | posted by Abacus Payroll

If you own a company of any size, you’re probably familiar with labor posters. Labor posters—those placards with information about employees’ rights—are unsightly but mandatory wall décor for every workplace, and the penalties for not putting them up are stiff. Here’s what you need to know to avoid labor poster-based fees in 2018. Risk and […]

What to Do if You’ve Accidentally Overpaid an Employee

November 14, 2016 | posted by Abacus Payroll

Abacus Payroll Overpaid employee paycheck

Of all the acceptable mistakes one can make, those involving numbers and other people’s money rank highest in the “oops” category. Payroll mistakes are actually quite common, with around a third of employers making noticeable errors in their calculations; thankfully, the process is entirely reversible. Here is a quick breakdown on what to do if […]

Leave Policies and the Law: Creating a Vacation Time Policy

June 9, 2016 | posted by Abacus Payroll

create a nj payroll vacation policy for small business employees

Aloha PTO! July is the most popular month for American workers to request vacation days off from work. Be prepared with a thorough and legal vacation time policy. While it’s not federally-mandated, vacation time is a huge incentive for most employees. Without one, you run the risk of losing potential hires to other companies […]

Department of Labor Finalizes New Overtime Rules (2016)

May 26, 2016 | posted by Abacus Payroll

Update to Salary Thresholds Are your employees meeting the requirements for minimum wage and overtime exemption? Find out about the new provisions for certain employees under the Fair Labor Standards Act. On May 18, 2016, the Department of Labor’s (DOL) Wage and Hour Division issued a Final Rule on new proposed overtime standards. […]

6 Ways Extra HR Support Can Help Your Small Business

May 2, 2016 | posted by Abacus Payroll

Depending on a business’s size and budget constraints, an in-house Human Resources department may not always be realistic. However, having employees brings along typical HR issues that need to be addressed, including employment laws, benefits, employee retention, poster requirements, hiring, recruiting, and workforce relations. In addition, once you reach certain employee number thresholds, there are […]

Leap Year 2016: Does an Extra Day Affect Payroll?

February 4, 2016 | posted by Abacus Payroll

2016 is another Leap Year. How does adding February 29 to the calendar affect payroll, pay day, paychecks, and more at your small business? Read on to find out. Despite the leap year’s clockwork appearance every four years, employers always seem to struggle with the idea of an extra day on payroll. For […]

Overtime Pay Facts

January 19, 2016 | posted by Abacus Payroll

Overtime is easily one of the biggest logistical nightmares that employers face. Between tax ramifications, employee classifications, and payroll balancing, you have a lot on your plate when you sit down to calculate overtime. Amidst the chaos of an altered workweek, it can be hard to keep track of the factors involved. Here are […]

Dealing with Holiday Pay and Bonuses without Drowning in Accounting

November 16, 2015 | posted by Abacus Payroll

Figuring out exactly how to calculate, distribute, and account for commodities such as holiday pay and bonuses can be an unadulterated nightmare, especially during the holidays when many small businesses are in their busy months. Without a tax analyst or a payroll specialist to handle the technical details, you’re sure to make a mistake somewhere. […]