Is this the end of FREE BEER FRIDAYS! Yea, you read correctly, should free beer considered a bonus? I believe the great philosopher Homer Simpson said “you don’t buy beer, you just rent it”. So if we are only renting, is that a payroll issue? Believe it or not, it may be.
Its payroll day, yeah, we have processed the employee payments and everybody is happy right? In the real world probably not, but on average most companies do a fantastic job of processing payroll. A significant number of employees receive their payments via direct deposit. But processing payroll is just half of the process. Now we must make sure the employment and federal tax deposits are made timely.
So you want to help out the next generation, you want to provide some real world experience to an up and coming college student, and who knows, you may find your next employee. Sound familiar? Thousands of companies employ interns, but few know this is an area the Wage and Hour Division targets for payroll compliance.