Legislative Update – February 2014
“Show me the money” is line from an old Tom Cruise movie “Jerry Maguire”. In the movie the line is the mantra of Jerry’s (Tom Cruise) client, a pro football player. In this Essential Payroll Series update we use the line as a warning regarding two pieces of pending legislation at the federal level.
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.
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.