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    In 2022, employers need to be ready for growing scrutiny of wage and hour practices and records. Recently, the Department of Labor (DOL) has warned organizations across every industry to conduct their own internal wage and hour audit to ensure compliance. The costs are steep for violations of the Fair Labor Standards Act (FLSA), federal and state legislation for minimum wages, employment laws for properly classified staff and pay practices, etc. MP’s HR compliance experts have developed a 2022checklist to help employers conduct an internal wage and hour audit and avoid legal action.

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    In 2022, there will be growing scrutiny of wage and hour practices and records. Employers across the US should prioritize conducting their own internal wage and hour audit. The costs employers may be required to pay are high for noncompliance with the Fair Labor Standards Act (FLSA), state legislation for minimum wages, employment laws for properly classified staff and pay practices, etc. MP’s HR compliance experts share steps every employer should take to avoid legal action or a 2022 wage and hour audit with the Department of Labor (DOL). Read the article to:
    • Learn five key steps to avoid wage and hour audits and legal action
    • Outline criteria to test for wage and hour compliance
    • Discover how to interview employees about wage and hour topics
    • Find out who must be trained to improve wage and hour compliance
    Read the article.

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    Recovering from the challenges of the pandemic has been difficult for bars and restaurants. Meeting and overcoming these challenges becomes easier with pandemic financial aid funds, accessible through the Employee Retention Tax Credit (ERC Credit).

    The ERC is a federal program that provides funds to organizations impacted by the pandemic. Regulatory and societal changes had a profound impact across the foodservice industry, and many companies are still trying to manage the lingering effects.

    Your restaurant is likely entitled to ERC credits that provide support through these challenges, and ensure future growth and success.

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    Since its inception via the CARES Act, organizations all over the United States, including in the nonprofit, trade or business sectors, have been claiming Employee Retention Tax Credits (ERCs). After completing their claim process (often via Form 941), organizations are receiving hundreds of thousands of dollars (sometimes over one million or two million) in pandemic financial aid. Employers, even those who received a Paycheck Protection Program (PPP) loan, have been able to claim up to $26,000 per each employee’s payroll costs. (Note that if an organization receives a PPP loan, they must ensure they aren’t “double-dipping.” This means their qualified wages could only be paid with monies that didn’t originate from PPP loans.) Could detract from encouraging people to seek eligibility. Employers are eligible to claim the ERC for three main reasons:
    1. A significant decline in gross receipts
    2. A 2020 or 2021 government order that required them to fully or partially suspend business activities
    3. Other business restrictions related to government orders during the first three calendar quarters of 2021 or all of 2020.
    This article outlines the various reasons employers in specific industries are often eligible for the Employee Retention Tax Credit program.
    Read the article to:
    • Learn why restaurants, breweries, and other foodservice companies are often eligible for large ERCs
    • Find out why some ERC recipients qualify, even if they don’t pass the gross receipts test
    • Outline the reasons gyms and fitness centers claim ERCs through 2020 and 2021
    • Understand the factors that make transportation companies great candidates for the ERC claims process
    Read the article.

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    Many employers are still unsure if they’re eligible for an Employee Retention Tax Credit (ERTC), especially if they’ve received the PPP loan. Alarmingly, many employers find that their accountants also aren’t mentioning the Employee Retention Credit as they’re filing taxes. Don’t miss out on this opportunity for substantial pandemic assistance. MP’s HR services team addresses your top questions and provides answers about ERTC eligibility. Read the article to:

    • Learn what does (and does not) impact your eligibility for the Employee Retention Credit
    • Find out from HR and payroll experts how PPP loans interact with the ERTC
    • Get clarity on how business owner’s wages are handled

    Read the article.

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    On December 9, 2021, the IRS published the final Affordable Care Act (ACA) reporting instructions for the 2021 tax year (and the 2022 calendar year). The instructions for Applicable Large Employers (ALEs) include the final Form 1094-C and Form 1095-C, new codes related to individual coverage health reimbursement arrangements, details on every filing deadline, updates on Good Faith relief, and information about electronically filing forms with the IRS. To satisfy the ACA employer mandate and avoid penalties, all Applicable Large Employers (ALEs) should know these six considerations in 2022. Read the article to:

    • Learn the ACA reporting deadlines for this calendar year
    • Find out detailed information about the 2021 ACA reporting forms
    • Outline best practices for filing forms with the IRS
    • Discover new codes for ACA reporting