The IRS has started rolling out guidance on the One Big Beautiful Bill Act, which contains the no-tax-on-overtime provision and much more. Not only is HR 1 vast, but parts of it are retroactive, and that includes the overtime provision,…
Payroll
The IRS has released two revenue procedures, containing info employers need to ensure Affordable Care Act (ACA) compliance next year. The new numbers are pertinent as employers are researching health insurance plans and gearing up for open enrollment. As in…
In our interactive, instructor-led 100-minute event, you will learn how to navigate the sweeping tax changes introduced by the “One Big Beautiful Bill Act” — including the new exemption of overtime and tip income from federal taxation, retroactive to January…
On July 4, 2025, the One Big Beautiful Bill Act became law, with numerous tax implications for employers as well as employees. HR 1 extends many expiring provisions of the Tax Cuts and Jobs Act (TCJA). For example, the 2017…
In our interactive, instructor-led 100-minute event, you will learn how to confidently navigate the complex and ever-changing requirements of taxing and reporting the several forms of insurance benefits. From deciphering ACA compliance to understanding third-party sick pay and life insurance…
What's the maximum you'll pay per employee in Social Security tax next year? The taxable wage base estimate has been released. According to the intermediate projection issued in a June 2025 report, the Social Security taxable wage base next year…
Under the Trump administration, significant changes are being discussed that would impact how overtime is taxed. Before making changes to how overtime is calculated, taxed, and reported, it is crucial that employers understand how overtime pay is computed. In our…
Should you withhold child support from a bonus or other lump-sum payment you’re about to make to an employee? You’ll be able to get an answer to that question from your state child support agency more quickly than in the…
It’s easy to take your company’s payroll technology for granted, that is, until something goes wrong. As your business grows and the expectations of employees change, relying on outdated payroll systems can hinder your progress and expose your organization to…
The rollercoaster ride continues as federal regulators reevaluate the current overtime rule and what it means to meet the salary level test. In 2024, the Biden administration's Dept. of Labor (DOL) finalized a rule that aimed to dramatically increase the…
Real-time payments are becoming a must-have for finance teams aiming to modernize payroll operations. With RTP and FedNow, organizations can move funds in seconds and gain tighter control over cash flow. But real-time payments for payroll isn’t a plug-and-play upgrade.…
After more than a year, the IRS has made changes to Form 1099-MISC, Miscellaneous Information, and Form 1099-NEC, Nonemployee Compensation. While changes used to occur annually, now the forms are “continuous use,” meaning the IRS revises them only when needed.…
