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Learn MoreFinance departments have spent years investing in automation, but spreadsheets still handle much of the work. A recent survey by AutoRek puts numbers behind that reality: 90% of finance teams still rely on spreadsheets for their operations. For many teams,…
Maryland added new restrictions to earned wage access (EWA) programs, becoming the latest state to reshape how these services operate. For employers with multistate workforces, it's another sign that EWA compliance is becoming increasingly state-specific. In April, Gov. Wes Moore…
Chicago employers with tipped workers can leave the tipped cash wage where it is — a previously scheduled July 1 step-up is off -- for now. The city's tip-credit phase-out, which would've raised the required cash wage, is paused for…
A federal court entered a consent order against three Cowbell sports bars in Biddeford,Scarborough and Westbrook, ME, resolving a Department of Labor case alleging Fair LaborStandards Act (FLSA) violations involving minimum wage, overtime and child labor. FLSA Violations The Wage…
Payroll teams that pay nonexempt workers nondiscretionary bonuses should confirm those amounts are included in the overtime regular rate. A recent DOL investigation found that a Tennessee contractor failed to do so, resulting in a payout of about $1.73 million…
When employers fail to honor wage and hour settlement agreements, the Department of Labor's next step is to seek a court order. In this recent incident, a Washington employer operating four restaurants allegedly backed out of a deal to settle…
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…
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 for plan years beginning after Dec. 31, 2026. IRS Announces ACA Penalties for Next…
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…
Resourceful Finance Pro, part of the Rover Insights Network, provides the latest Finance and employment law news for Finance professionals in the trenches of small-to-medium-sized businesses. Rather than simply regurgitating the day's headlines, Resourceful Finance Pro delivers actionable insights, helping Finance execs understand what Finance trends mean to their business.
