Any payroll professional can make a mistake. These problems usually reveal themselves in time. However, intentional payroll discrepancies are usually not simple mistakes but acts of deception. Following are some red flags auditors look for in your organization’s payroll procedures.
On New Year’s Day, Congress passed legislation that affects the paychecks of all Americans, by not extending the reduction in Social Security, or FICA, withholding for all employees. There are also additional income tax and Medicare changes for those earning over $200,000 annually.