Vision Payroll

November 27, 2013

Tip of the Week: Schedule Additional 2013 Bonus Payrolls Now

Filed under: News — Tags: , , , — Vision @ 3:46 pm
Schedule Additional 2013 Bonus Payrolls Now

Schedule Additional 2013 Bonus Payrolls Now

Are you planning an end-of-year bonus payroll for employees? With only five weeks left in 2013, now is the time to schedule any additional payrolls you need.

Schedule Separate Pay Runs for Bonuses

Many employers like to distribute bonus checks at a firm party or get-together. If the bonus checks are included with a regular pay run, the year-to-date amounts on the employees’ stubs will reflect the bonus. To keep the bonus amounts off the pay stubs from the regularly scheduled payroll, schedule an additional payroll dated after your last regular payroll, but before the party or other event where you plan to distribute the bonuses. Remember to allow at least two days after the day you plan to transmit bonus amounts for the payroll to be processed and shipped.

Stop Direct Deposit to Create Live Bonus Checks

If processing your payroll online, check the Stop Direct Deposit box on the Payroll, Dates screen to stop direct deposit for all employees. To stop direct deposit for selected employees, check the Stop Direct Deposit box on the Pay Detail screen. Otherwise, indicate which direct deposits you would want stopped when you submit your payroll. Stopping direct deposits in this manner would apply only to that payroll and direct deposit would be reestablished for the next payroll.

Schedule Bonus Payroll Early

By scheduling bonuses early, Vision Payroll can work with you to help ensure that your bonus checks arrive on time.

November 27, 2009

Question of the Week: How Much Time Do We Need to Process a Bonus Payroll?

Filed under: News — Tags: , , — Vision @ 3:35 pm

This week’s question comes from Abby, a company vice-president. We’re planning to give out bonuses to our employees. How much time do we need to process a bonus payroll? Answer: Vision Payroll recommends that you schedule bonus payrolls as soon as possible. You’ll need at least two business days after the day you plan to transmit the bonus amounts in order to process and ship the payroll. If you schedule the bonuses early, Vision Payroll can work with you to help ensure that you receive your bonus checks when you need them.

November 6, 2009

Question of the Week: How Do We Change Our Payroll Schedule for 2010?

Filed under: News — Tags: , , , — Vision @ 2:45 pm

This week’s question comes from Suzanne, a payroll administrator. We reviewed the calendar for 2010 and realized we need to make some changes to our payroll schedule. How do we change our payroll schedule for 2010? Answer: You should have received or will shortly be receiving your Payroll Processing Schedule for 2010. This schedule will already reflect changes for holidays in 2010. Employers should review the schedule not only for changes that weren’t made, but to ensure that the holiday week changes built into the schedule have been implemented correctly. If any further changes are needed, send an annotated copy of your 2010 schedule to Vision Payroll as soon as possible so that we may update your schedule for the changes.

September 4, 2009

Question of the Week: Do I Have to Pay Employees for Holidays?

Filed under: News — Tags: , , , , — Vision @ 10:25 am

This week’s question comes from Ryan, a small-business owner. We’re going to be closed next Monday for Labor Day. We have some full-time employees and some part-time employees. Do I have to pay employees for holidays? Answer: There is no requirement in the Fair Labor Standards Act (FLSA) for employers to pay employees for holidays not worked or to pay them a higher rate if they do work. Most employers do pay holiday pay to their full-time employees. Among part-time employees, some employers pay a full day’s pay, some pay according to the employee’s work schedule or other allocation method, and some do not pay part-time employees for holidays. Most public sector and union employees have holiday pay negotiated into their contracts.

State laws may provide rules that are more beneficial to the employee and must be followed. Contact Vision Payroll if you have further questions about holiday pay.

December 3, 2008

Tip of the Week: Schedule Additional Bonus Payrolls Now

Filed under: News — Tags: , , — Vision @ 11:28 pm

Are you planning an end-of year bonus payroll for employees? With only four weeks left in 2008, now is the time to schedule any additional payrolls you need. Many employers like to distribute bonus checks at a firm party or get-together. If the bonus checks are included with a regular pay run, the year-to-date amounts on the employees’ stubs will reflect the bonus. To keep the bonus amounts off the pay stubs, schedule an additional payroll dated after your last payroll before the party or other event where you will distribute the bonuses. Remember to allow at least two days after the day you plan to transmit bonus amounts for the payroll to be processed and shipped. By scheduling bonuses early, Vision Payroll can work with you to help ensure that your bonus checks arrive on time.

July 11, 2008

Question of the Week: Do I Need to Pay Overtime for Holiday Hours?

Filed under: News — Tags: , , , — Vision @ 12:10 am

This week’s question comes from Felix, a payroll manager: I have an employee who worked 34 hours last week. Since we pay eight hours for Independence Day even though we don’t work, do I need to pay two hours of overtime? Answer: Nothing in the Fair Labor Standards Act (FLSA) requires payment for time not worked. If an employer voluntarily pays for time not worked such as holidays, those hours need not be counted toward the FLSA overtime requirement for hours worked in excess of 40. Note that other federal or state laws or contractual agreements may require payment of holiday hours. Also, if an employee actually works on a holiday, those hours would be counted toward the overtime requirement. Consult your attorney if you have further questions.

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