The requirements for paying the prevailing wage under federal law have been slowly expanding for decades, but now, updated regs have brought marked changes. The Department of Labor (DOL) issued a final rule on August 23, 2023, revising the regs…
Payroll
If you're like most employers, you offer paid holidays. But how about paid floating holidays? As we head toward year-end, consider your company policy on this. Floating holidays can be a bit of a misnomer – they may have more…
Businesses will be able to get new hires on the payroll more quickly, now that inspecting Form I-9 documents remotely has been given the green light. The new procedure took effect August 1, 2023. You may recall that during the…
Be sure your company gets the latest version of Form I-9. The new edition went into circulation on August 1, 2023, with its use required shortly after that. In fact, the last day you can use the old form is…
IRS has updated Form 5300, and that's good news for sponsors of retirement plans wanting to ensure their plans' tax benefits. First, in Revenue Procedure 2022-40, released in November 2022, IRS expanded its determination letter program. Prior to that, only…
If employees' Family and Medical Leave Act (FMLA) entitlements are impermissibly reduced, your company may face legal consequences. But when someone takes intermittent or reduced-schedule FMLA leave, it's tricky for staffers to accurately calculate how much of the 12 weeks…
Could it be time for a review of your employee severance agreements? Right now Twitter's experiencing major pitfalls from having them, thanks to a class action lawsuit accusing it of violating its own severance policy. Laid-off workers are claiming the…
When IRS reduced the electronic filing threshold, the change impacted a long list of information returns. Now, the list of forms to e-file may get longer. That’s because of a recent recommendation from the Electronic Tax Administration Advisory Committee (ETAAC).…
Employees with wages exceeding $145,000 in 2023 may hesitate to make catch-up contributions next year. They'll be impacted by tax changes, as will employers. To complicate matters, there are still many unanswered questions about the tax changes, which the Secure…
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…
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…
