Fair Labor Standards Act (FLSA): Federal law governing minimum wage, overtime pay, record keeping requirements, and child labor restrictions for payroll compliance
Internal Revenue Code: Federal tax regulations covering income tax withholding, Social Security and Medicare (FICA) contributions, and Federal Unemployment Tax Act (FUTA) requirements
Employee Retirement Income Security Act (ERISA): Federal law regulating pension plans and benefits administration requirements for employee benefit plans
Immigration Reform and Control Act: Federal law requiring employment eligibility verification through I-9 forms and documentation
State Labor Laws: State-specific regulations governing minimum wage, overtime rules, state unemployment insurance, and workers' compensation requirements
Generally Accepted Accounting Principles (GAAP): Standard accounting principles and guidelines that must be followed for financial reporting and payroll accounting
Statement on Auditing Standards (SAS): Professional standards for conducting financial audits, including payroll audit procedures and requirements
Internal Control Framework (COSO): Guidelines for establishing and maintaining effective internal controls over payroll processes and procedures
Union Agreements: Industry-specific collective bargaining agreements that may affect wage rates, benefits, and other payroll-related terms
Equal Employment Opportunity Commission (EEOC): Federal agency requirements ensuring non-discrimination in employment and pay practices
Americans with Disabilities Act (ADA): Federal law requiring reasonable accommodations and fair treatment of employees with disabilities, including payroll implications
Family and Medical Leave Act (FMLA): Federal law governing unpaid, job-protected leave and its impact on payroll processing and record-keeping
