The Supreme Court has raised the standard on whether an employer can claim undue hardship in response to a religious accommodation request. For decades, if the cost of an accommodation was more than de minimis, an employer could deny a…
Payroll
Finally, you've completed the acquisition. As you move forward, don't forget about this potential vulnerability: employees' personally identifiable information. Otherwise, you may run into legal trouble. Here's what happened to one employer: After the acquisition After it acquired a company,…
IRS told one employer that payments made to employees under its fixed-indemnity health insurance policy were subject to federal income, FICA and FUTA taxes. The policy was optional, with comprehensive health coverage provided through its group health insurance policy. Both…
While we're no longer dealing with the quarter-by-quarter changes to Form 941 that occurred during the pandemic, there are some recent updates employers should know. The latest revision date for the 941 as well as its instructions is March 2023.…
Companies with funds tied up in the recent bank collapses had to scramble to pay their employees on time. No one wants to go through that again. That includes the Federal Deposit Insurance Corporation (FDIC). Large concentrations of uninsured deposits…
For companies allowing health savings account (HSA) contributions via payroll deductions, a recent IRS announcement contains important info for 2024. The HSA contribution limits will increase significantly next year. Of course, employees who make contributions must be covered by a…
Heads up: You may need to ask to see certain employees' Form I-9 documents, even if they were hired several years ago. That's because the flexibility employers had due to COVID-19 will disappear this summer. After multiple extensions of the…
The Department of Labor (DOL) has been planning for over a year to revise its overtime exemption regs, with May as its latest deadline. So is the rule imminent? We'd all like to know. After all, if the salary threshold…
Nobody really wants to dock an employee's pay. But sometimes, it's the only step you can take for the sake of your company's bottom line - and in many cases, the person's continued employment. When it comes to docking an…
IRS is extending tax relief to businesses in Broward County, FL affected by the tornadoes, severe storms and flooding from April 12-14. Federal tax filings and tax payments originally due starting April 12, 2023, have been postponed until August 15,…
You can't just sit on forfeited retirement plan funds. But what options do you have? IRS has proposed regulations that'll provide clarity for employers. It's a common situation: A business makes employer contributions to a retirement plan it sponsors, but…
Year-end may seem a long way off, but some changes related to Form W-2 may require your attention now. For example, the Social Security Administration (SSA) and IRS have made recent announcements about the form for TY 2023. Here are…
