Late payroll-tax deposits will be more expensive, effective July 1. The IRS set the interest rate on tax underpayments at 7% for Q3, up from 6% in Q2. The 7% rate applies to underpayments and overpayments for individuals and to…
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Employers that fall short on Affordable Care Act (ACA) coverage will pay more in 2027. The IRS released the indexed employer shared responsibility penalty amounts, effective forplan years beginning after Dec. 31, 2026. IRS Announces ACA Penalties for Next Year…
The IRS has announced updated health savings account (HSA) contribution limits and high-deductible health plan (HDHP) parameters for 2027, reflecting standard inflation adjustments. New HSA Contribution Limits Announced Employees will be able to contribute slightly more to their HSAs next…
If your employer plans to contribute to Trump Accounts, payroll has until July 4, 2026, to get it right. Coding errors made at setup create tax reporting problems that are hard to fix later. A June 17 Department of Labor…
Does a quarterly bonus trigger an overtime recalculation? A recent DOL opinion letter says it depends on how the bonus is structured – and one approach eliminates the need for retroactive regular rate recalculation. The question came from an employer…
Does a 30-minute unpaid meal break still qualify under the FLSA if employees can barely leave the building? A new DOL opinion letter says yes – and the reasoning matters for any employer operating a large or secured facility. The…
Mid-year minimum wage increases catch more payroll teams off guard than January changes do. Several state, local and industry-specific minimum wage changes take effect on July 1, 2026, including in Alaska, Washington, D.C., Oregon and several local jurisdictions. Minimum Wage…
A federal court has blocked the $100,000 H-1B visa fee, ruling it was an unlawful tax and removing a major cost driver from workforce planning assumptions, at least for now. The ruling by U.S. District Judge Leo Sorokin in Boston…
Illinois' Family Neonatal Intensive Care Leave Act took effect on June 1, providing employees with children in a neonatal intensive care unit (NICU) with unpaid, job-protected leave. For Payroll, that means new administration, coding and tracking requirements for the new…
A new DOL opinion letter addresses off-the-clock work, rounding policies, and the de minimis defense – and the conclusions should prompt a hard look at pre-shift timekeeping practices. The question came from a public hospital with roughly 18,000 non-exempt workers.…
Does dual-role scheduling put your overtime compliance at risk? A new DOL opinion letter says it depends on the specific facts of the arrangement. The question came from an academic medical center, but the answer applies broadly to any employer…
Finance teams are using more AI and automation than ever, but the real question is whether they make invoice-to-cash work faster, cleaner, and less error-prone. The top goals of teams that manage the invoice-to-cash process remain the same – to…
