Several types of earnings would no longer be taxable for income tax purposes, according to plans put forth by President Trump. In his address to a joint session of Congress on March 4, 2025, Trump called for tax cuts that…
News
DoorDash has agreed to pay $16.75 million to settle a dispute involving its practices on handling delivery workers’ tips, New York Attorney General Letitia James announced in a press release. Here’s what happened, according to an investigation by the Office…
The IRS recently issued updates affecting semiweekly tax depositors. Specifically, the Service pushed back two due dates for making deposits through the Electronic Federal Tax Payment System (referred to as EFTPS) and other electronic funds transfer methods. Here’s what the…
We recently gave you a heads-up about all the EEOC changes since President Trump returned to the White House. One notable change: Trump appointed Andrea Lucas as Acting Chair of the EEOC. Shortly after Lucas assumed control, she outlined her…
With tax year 2024 Forms W-2 out the door, it’s time to turn your attention toward the changes IRS has made for TY 2025 forms. The IRS released final versions of Form W-2 and Form W-3 for 2025 on January…
We're only halfway through winter, so Jack Frost isn’t quite finished with us yet. In other words, now’s a good time to review your inclement weather policies and examine your legal obligations under the Fair Labor Standards Act (FLSA) –…
Employers are facing higher penalty amounts in 2025 for violations of several employment laws, including the Family and Medical Leave Act (FMLA). The information came in a final rule released by the Department of Labor (DOL) at the beginning of…
A recent – and unanimous – U.S. Supreme Court ruling is good news for employers. The Court decided that employers are not required to meet a higher standard of proof to show that employees are exempt from certain pay provisions…
You already understand the need to have new hire paperwork, such as Form I-9, in order. Now with the spotlight on illegal immigration, that has become more pressing. One of President Donald Trump's new executive orders, Protecting the American People…
As a finance professional, you can probably imagine the stress of an EEOC investigation and lawsuit. Two new reports from the agency show just how difficult things can get for employers. For example, if your company was on the wrong…
What should you do if you mistakenly pay out too much for one of your employer-provided benefits, such as your retirement plan? Plan sponsors have had some uncertainty about that ever since 2022. That's when Congress passed the Secure 2.0…
Pay transparency legislation is picking up even more momentum in 2025. In Illinois and Minnesota, new laws went into effect on Jan 1. Plus, at least three more states – Massachusetts, New Jersey and Vermont – are gearing up to…
