Retirement *Savings* Options

It is a myth that all retirement plans are costly for business! In fact, there are budget friendly plans available for businesses like yours. Adding a valuable benefit such as a retirement plan can help maintain and attract employees in a limited labor market such as todays.

Give your business the competitive edge it needs to recruit and retain long lasting employees. Reach out to us today to learn more and prepare the future! We would love to help make retirement savings attainable for your business.

W4 Mystery Solved

Form W-4 is an Internal Revenue Service tax form completed by an employee to indicate his or her tax situation to the employer. The W-4 form tells the employer the correct amount of federal tax to withhold from an employee’s paycheck.

Employees aren’t required to file a W-4 form with their employer every year — but you might want to anyway. If you’re happy with your current tax withholding, then do nothing and leave your current Form W-4 in effect with your employer. You’re not required to periodically submit a new W-4 form.

However, if you start a new job, you’ll have to complete a W-4 form at that time. That’s the only way your new employer will know how much federal income tax to withhold from your wages. There’s no way around that requirement.

Out of the Park Services

How are we doing?

If you are happy with our services, please take a moment to share your experience with us by writing a Google Review.

As a token of our appreciation, you will be entered for a chance to win 4 Phillies Tickets on Friday, September 9th when they face the Washington Nationals.

The winner will be selected on Friday, August 19th.

As always, we appreciate your feedback.

3 Ways To Make Workers Comp Audits Less Daunting

Check for proper classifications.
Be sure employees job classifications are correct. There are tons of classifications so you should carefully review this. These classifications are used to determine your premiums. Employees with a higher risk of injury have higher insurance rates. You can separate your payroll by your employee’s job duties. If you have employees that work multiple duties, breaking this out on your payroll records can prove beneficial. It will ensure that you are not over or under charged.

Respond Timely

Whether the request is for an in-person or phone audit, timely responses are crucial. You’ll have to complete the audit form and provide supporting documentation for the most recent policy period expires. Since a worker’s comp audit is usually required by law, it’s in your best interest to comply.

Follow up

Once you provide all requested information be proactive in the audit process. Communicate with the auditor to make sure they have everything they need. If there is a need for a premium adjustment, make sure you make any necessary changes moving forward.

PA Updates Tip Rules

Beginning August 5, 2022, Pennsylvania will have an assortment of new rules in place related to tipped employees and salaried nonexempt employees. Many simply bring the state in line with the federal Fair Labor Standards Act, but some are more employee-friendly or specific than federal law. The rules that differ are outlined here:

Definition of Tipped Employees
The state now defines a tipped employee as someone who regularly receives more than $135 per month in tips (rather than $30+). The minimum cash wage remains the same, at $2.83 per hour, as long as the cash wage plus tips equals or exceeds the regular minimum wage of $7.25 per hour.

Credit Card Fees
The rule makes it clear that employers can’t deduct credit card processing fees (or other related costs) from employees’ tips.

Tip Pools
If an employer requires tip pooling, it must keep a record of the names and positions of all employees who participate in the tip pool and the amount given to each employee. It must also tell applicants in writing that they will be part of a pool at or before offering them the job. If an employer starts using a tip pool with current employees, they must tell them in writing at least one pay period before the pool starts.

Fluctuating Workweek
The rule makes it clear that employers can’t use the fluctuating workweek method of determining pay for salaried nonexempt employees. Salaried nonexempt employees must have their regular rate determined by dividing their total weekly pay by 40 (hours), regardless of how many hours they actually worked. Their overtime rate is determined by multiplying that number by 1.5.

Action Items

Revise your payroll practices to ensure that you only take a tip credit against employees who regularly earn more than $135 in tips per month.

Stop taking credit card fees out of employees’ tips if you currently do so.

If you use tip pooling, ensure that your notice and record keeping practices comply with the new rule.

Eliminate the use of fluctuating workweek payment methods and calculations for salaried nonexempt employees.

If you have any additional questions regarding these updates, please give us a call!

Get Rewarded For Telling Others About Us!

Take some time today to tell your friends and business associates about Payroll Service Solutions. If their company successfully becomes a new customer, our team will credit your next payment $50 or gift you personally a $50 Amazon gift card (your choice).

This program is unlimited—you are eligible to be rewarded for each referral that becomes a new customer! Click here to get started

Here’s How to Get Your Referral Reward

  1. Tell your friends and associates about the company and the services we offer.
  2. If they express interest and want to learn more, contact Lisa Cerrone at or 215-624-0922 and provide their contact information, so she can answer any of their questions and get them signed up.
  3. When your referral successfully becomes a new customer, our team will apply your $50 credit or send you a $50 Amazon gift card.

Fun Fact:

For one season in 1943, the Philadelphia Eagles and the Pittsburgh Steelers merged to form the “Steagles” due to the loss of many players during WWII.