The IRS announced it isn't planning late-in-the-game changes to tax year 2025 Forms W-2 and other payroll forms, such as the 941. That’s the case even though the One Big Beautiful Bill Act (OBBBA) says employees can take deductions on…
News
The IRS has started rolling out guidance on the One Big Beautiful Bill Act, which contains the no-tax-on-overtime provision and much more. Not only is HR 1 vast, but parts of it are retroactive, and that includes the overtime provision,…
On Aug. 7, 2025, President Trump signed an executive order expanding 401(k) plans’ ability to include alternative investments – such as private equity, real estate, and cryptocurrencies – broadening options beyond traditional stocks and bonds. Jaime Magyera, Head of Retirement…
The July jobs report missed expectations by a wide margin, disrupting finance teams’ forecasts of headcount, wages and revenue. This disruption has introduced significant labor data uncertainty, complicating budgeting and strategic planning. Shortly afterward, President Trump fired the head of…
The IRS has explained how to handle taxes if a retirement plan participant doesn’t cash a distribution check and another check is issued. When a company’s retirement plan administrator issues a distribution check to a participant, federal income tax must…
July 26 marks the 35th anniversary of the Americans with Disabilities Act – a civil rights law that fundamentally reshaped workplace access and obligations. But even after decades of case law and EEOC guidance, many companies still get the basics…
The IRS has released two revenue procedures, containing info employers need to ensure Affordable Care Act (ACA) compliance next year. The new numbers are pertinent as employers are researching health insurance plans and gearing up for open enrollment. As in…
The Department of Labor (DOL) has quietly issued a wage investigation policy change that could significantly reduce the financial impact of the agency's administrative investigations. It was released during a busy news cycle focused on the negotiations and passage of…
On July 4, 2025, the One Big Beautiful Bill Act became law, with numerous tax implications for employers as well as employees. HR 1 extends many expiring provisions of the Tax Cuts and Jobs Act (TCJA). For example, the 2017…
A recent appellate court decision in Ohio should catch the attention of any business leader managing workforce risk. In Shephard v. CrossCountry Mortgage, a jury awarded a former CPA $2.1 million after finding she was terminated due to age discrimination…
What's the maximum you'll pay per employee in Social Security tax next year? The taxable wage base estimate has been released. According to the intermediate projection issued in a June 2025 report, the Social Security taxable wage base next year…
A federal investigation forced a contractor to pay nearly $600,000 in back wages and damages after the Department of Labor uncovered systemic overtime violations tied to time rounding. This wasn’t a minor oversight – it exposed serious failures in payroll…
