These are the leave codes in our system to report wages. We... moreThese are the leave codes in our system to report wages. We report comp time as OVERTIME and annual leave payouts as ANNLEAVEHope this helps. REG = Regular Contribution BONUS = Bonus Payment ANNLONG = Annual Longevity Payment ANNLEAVE = Lump-sum Annual leave OVERTIME = Overtime Payment WORKCOMP = Workers Compensation PayLEAVEPAY = Leave Without Pay SUMMERPAY = Summer Pay non contract
https://www.irs.gov/forms-pubs/about-form-941Once you take a loo... morehttps://www.irs.gov/forms-pubs/about-form-941Once you take a look at the form and read through the instructions for lines 5a and 5b, it's fairly self explanatory. "Qualified family leave wages aren't subject to the employer share of social security tax; therefore, the tax rate on these wages is 6.2% (0.062)."Only the Employee portion of those wages are subject to SS Tax
https://www.irs.gov/forms-pubs/about-form-941Here is the link to... morehttps://www.irs.gov/forms-pubs/about-form-941Here is the link to the revised 941.
I have an employee who resigned. He was paid a vacation payout p... moreI have an employee who resigned. He was paid a vacation payout plus comp time accrued. In reporting on ORBIT, is the comp time reported as regular salary? I see where I report him as terminated with the termination day. It asks for the number of days of vacation paid. Now, do I report the dollar ($) amount of vacation also, I suppose as annual leave pay?
Good afternoon,
Has anyone heard if there are special inst... moreGood afternoon,
Has anyone heard if there are special instructions for 941 reporting if we have had employees take advantage of the eFMLA and emergency paid sick leave? I called the IRS and the person I spoke to was of no help at all.
The Town of Nags Head is acepting applications for a Human Resou... moreThe Town of Nags Head is acepting applications for a Human Resources Manager to perform managerial and administrative work focused on planning, organizing, and directing a comprehensive personnel management program for the Town of Nags Head.For details and to apply online please visit the Town of Nags Head Employment Opportunities websitehttps://selfservice.nagsheadnc.gov/ess/employmentopportunities/default.aspxFeel free to contact Amy Miller, Town of Nags Head Finance Director, at amy.miller@nagsheadnc.gov or 252-449-2020 for any questions. less
Folks,
The School of Government will be offering our annua... moreFolks,
The School of Government will be offering our annual Public Employment Law Update (previously scheduled for May at the Friday Center) ONLINE THROUGH ZOOM on July 21 – 22, 2020.
This will be a live offering with the opportunity to ask questions of the presenters. It will be spread across two days – Tuesday, July 21 from 1 – 5 pm and Wednesday, July 22 from 9 am – 1 pm – in order to help us all (presenters and audience) fight online meeting fatigue and to give you time for regular work each day during this still-crazy period. There will be a half-hour break between presentations.
The course fee for the Update is $285.00 per site. You can register at: https://www.sog.unc.edu/courses/public-employment-law-update
A copy of the agenda is attached. Agenda PELU July 2020 It tracks the original Update agenda for May, but I have added a COVID-19 update and a session on other recent developments that will focus on the Supreme Court’s recent decision in Bostock v. Clay... less
We're looking at possibly changing from semi-monthly pay periods... moreWe're looking at possibly changing from semi-monthly pay periods to every two weeks. Other than the obvious issues with employees possibly getting a shorter check the first time around, what pitfalls am I looking at? Are there reporting issues with the IRS or DOR? Any help is appreciated.Also, is it better to do this at calendar year end rather than fiscal year end?
I would advise them to complete the online W-4 worksheet on the ... moreI would advise them to complete the online W-4 worksheet on the IRS website or see their tax preparer if they need assistance completing the W-4. If you give too much guidance on completing the form, it could be viewed as giving tax advice. Then if they owe a large sum on their tax return they could try to blame you and say they completed the form they way you told them to do it.
We have had the same issue. We just had to keep adjust until we ... moreWe have had the same issue. We just had to keep adjust until we got what they wanted.It is rediculous.
I have had my first new employee to set up since the new W-4 for... moreI have had my first new employee to set up since the new W-4 form came out. His wife works but he did not put anything for Step 2, 3 or 4. He just listed Married Filing Jointly in Step 1. I issued a dummy payroll check to be sure everything was set up before I do his first paycheck on Monday. The federal income tax showed just $32. So I went back and set him up under the old W-4 using married status and the federal income tax was $146. I am not sure what to do or what to tell him about this. Any suggestions? less
You may withhold a flat 5.35% or combine and tax with regular wa... moreYou may withhold a flat 5.35% or combine and tax with regular wages (just as with federal). See the rules beginning at the bottom of page nine of Form NC-30 at https://files.nc.gov/ncdor/documents/files/2020-NC-30_Final.pdf.Jason
I will be retiring in September 2020 and the Town of China Grove... moreI will be retiring in September 2020 and the Town of China Grove will be looking to hire a new Finance Director.China Grove is located between Charlotte and Greensboro and Winston-Salem right off I-85.We are a town of 4300 but growth is here and we are growing. Perfect small town in driving distance to big cities.Here is the link to the website:http://www.chinagrovenc.gov/i_want_to/apply_for/employment.php
We paid the payroll taxes at month end as normal. However, all o... moreWe paid the payroll taxes at month end as normal. However, all of the ESPL or EFMLA wages were paid with specific hours codes. When the new 941 is released, we will record those wages in the new lines added by the IRS and request a refund for the employer's share that wasn't owed. We explored several ways to do this and found that the one easiest on the finance employees was to just request a refund. I am curious to see how other counties are planning to do it.
On the vacation/holiday payout of a terminated employee, I see t... moreOn the vacation/holiday payout of a terminated employee, I see that I need to withhold 22% federal taxes but I cannot find information on the state tax rate. Would that be just use the state tax tables or is there a flat rate?
For those that had employees take ESPL or EFMLA, how did you rep... moreFor those that had employees take ESPL or EFMLA, how did you report your 941 deposits and subsequently the 941 for the employer's share of Social Security tax that was not required on those funds?Scott Edwardssedwards@raefordnc.org
Introduction to Local Government Finance regis... moreHello All,
Introduction to Local Government Finance registration is now open! https://www.sog.unc.edu/courses/introduction-local-government-finance
This introductory course provides basic instruction in local government and public authority finance and financial management. Areas of instruction include the basic legal authority and requirements governing local government revenues, budgeting processes, cash management, purchasing and contracting, expenditure control, conflicts of interest, fund accounting and financial reporting. The course also provides an overview of the state and local economic issues that inform strategic budgeting decisions.
We have made significant changes to how we will offer this course in 2020, due to the COVID-19 pandemic. The total hours of instruction and content covered remain the same as in years past, but the method of instruction will be different. The course will incorporate both asynchronous and synchronous elements. It will effectively run for 3 weeks, but ... less
My first suggestion is "dont change"; but if you do change... moreMy first suggestion is "dont change"; but if you do change, do not purchase a "star wars" SCADA internet system. If you dont want to physically read the meters, use a wadt system. The less technologically advanced, the better. Reason : when one of the MTUs fails, getting it replaced is a major hassle. I can tell you a vendor of AMIs you do not want to deal with, offline. Best bet if you go this route, contact other towns with their experiences. Learn from them.John Bauer-Town Administrator-Rose Hill-910-289-3159. less
I am interested in finding out if any of you hire an outside Aud... moreI am interested in finding out if any of you hire an outside Auditing Firm to provide Internal Auditing Services other than for your Annual Audit? Thanks, Tammie McMichael, Director of Finance & Personnel, City of Eden
