Having trouble deciding whether an employee is exempt under the Fair Labor Standards Act (FLSA)? A ruling from a federal appeals court in a case from Texas provides some help. The court ruled that a highly compensated vice president of…
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A California judge recently approved a $43.25 million settlement resolving a class-action lawsuit alleging that The Walt Disney Company violated equal pay laws -- a case that underscores how wage disputes can create material liabilities, force reserve adjustments, and disrupt…
Normally, an employee’s travel or commuting time is not compensable under the federal Fair Labor Standards Act. However, when overnight travel is required, it can create additional overtime liability for employers. Here's what finance teams need to know. A federal…
Employers that don't want to require employees to turn in receipts for business travel reimbursement can rely on per diem rates. The General Services Administration (GSA) has issued a notice regarding its fiscal year 2026 per diem rates for business…
Heads up, Finance pros: HR might be coming to you soon for input and approval on new OBBBA benefits changes. Much of the media coverage of the One Big Beautiful Bill Act (OBBBA) has focused on overtime pay and tax…
As employers finalize their 2026 budgets, rising healthcare costs are forcing tougher decisions in financial planning and employee benefits. Medical and prescription drug expenses are projected to increase by 8.4% next year, with pharmaceutical costs climbing even higher, according to…
As finance and HR leaders develop 2026 salary budgets, errors in payroll execution can quickly undermine the impact of planned pay raises. Employees rely on their pay to cover rising costs and navigate an uncertain economy – and payroll mistakes…
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…
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…
