The Breakroom

Heads Up: Fourth Quarter Bank Holidays

Heads Up: Fourth Quarter Bank Holidays

There are four federal bank holidays in the fourth quarter. For Columbus Day, banks will be closed on Monday, October 8, 2018. Monday, November 12, 2018, is a bank holiday and banks will be closed in observance of Veterans Day. Banks will also be closed on...

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Labor Day Bank Holiday Notice

Labor Day Bank Holiday Notice

Corporate Payroll Services and banks will be closed on Monday, September 3, 2018 in observance of the Labor Day holiday. If you are a direct deposit or CPS Checks customer, please submit payroll at least one business day early to ensure proper funding of employee bank...

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Safe Harbor 401(k) Deadline Approaching

Safe Harbor 401(k) Deadline Approaching

Looking to reduce your 2018 taxable income by making the maximum 401(k) contribution? Great idea, but time and again, owners and other highly compensated employees will max out their 401(k) deferrals, only to get a “corrective distribution”—in other words, a refund...

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Accommodating Pregnant Employees

Accommodating Pregnant Employees

Let’s imagine a situation.  Wendy, who’s been on the job for only four months, informs her employer that she’s pregnant.  She requests light duty and asks if temporary leave is an option. Instead of accommodating Wendy, the employer terminates her employment,...

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The Breakroom is the Corporate Payroll Services resource center for ‘News You Can Use,’ feature stories, holiday notices, regulatory updates, product announcements, commentary and more.

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