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 pandemic, the Department of Homeland Security (DHS) offered temporary flexibility to employers, allowing virtual inspection […]
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 October 31, 2023. So says the U.S. Citizenship and Immigration Services (USCIS). Here’s a closer […]
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 sponsors of individually designed plans offered under Internal Revenue Code 401(a) could ask IRS to […]
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 of leave has been used, especially during a week when there’s a company holiday. Recently, […]
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 company’s severance agreement plan is a benefit protected under the Employee Retirement Income Security Act. […]
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). In its Annual Report to Congress, released in June 2023, ETAAC pushed for the electronic […]
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 2.0 Act of 2022 put in place. Needless to say, this won’t make planning for […]
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 request. But the court’s unanimous decision on June 29, 2023, changed that. Now, employers have […]
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, it became a victim of a ransomware attack. Cybercriminals hacked into the employer’s internal, administrative […]
