The IRS recently released updated guidance on Affordable Care Act (ACA) reporting requirements, introducing changes that employers need to be aware of to ensure compliance. The IRS issued Notice 2025-15, which provides guidance on the alternative manner of furnishing certain ACA health insurance coverage statements to individuals pursuant to IRC 6055 and 6056. The guidance […]
On Feb. 20, 2025, the Michigan Legislature amended the state’s Wage Act in a compromise measure that accelerated the schedule of minimum wage increases but prevented a complete phaseout of the tip credit for workers who receive tips. The Senate Bill 8 (bill) was signed by Governor Gretchen Whitmer on Feb. 21, 2025. Background In […]
In January 2025, the Supreme Court (the Court) handed employers a win by confirming exemptions under the Fair Labor Standards Act (FLSA) need only be proven by a “preponderance of the evidence.” In doing so, the Court unanimously rejected the argument that a higher evidentiary standard—“clear and convincing evidence”—applies to FLSA exemption disputes. The decision […]
With much talk around changes to the Earned Sick Time Act and minimum wage law, the changes have officially been signed by Governor Gretchen Whitmer. Bill 4002 was passed by the House and Senate and has been signed into effect by the Governor as of Feb. 21, 2025. While several important changes were made, the […]
Recent legislative changes have streamlined Affordable Care Act (ACA) reporting requirements, reducing administrative burdens for employers. The enactment of the Paperwork Burden Reduction Act (PBRA) and the Employer Reporting Improvement Act (ERIA) introduces key modifications effective for the 2024 tax year. The Paperwork Burden Reduction Act The PBRA amends the Internal Revenue Code and reduces […]
The IRS has increased the optional standard mileage rate for automobiles driven for business to 70 cents per mile for 2025. The mileage rates for vehicles used for other purposes will remain unchanged from 2024. Optional standard milage rates are used to calculate the deductible costs of operating vehicles for business, charitable and medical purposes, as well […]
Workplace dynamics are ever moving, forcing business owners and HR leaders to adapt. Furthermore, talent shifts, compliance challenges and technological advancements are leading the charge and changing the way we do business. Leaders who keep on top of emerging payroll trends and proactively identify ways to make their team more efficient could welcome a competitive […]
If you are currently taking advantage of the Work Opportunity Tax Credit (WOTC) or would like to further expand this credit opportunity, your payroll system’s onboarding process may be the key to unlocking even more significant financial and operational benefits. A reliable payroll system can also help streamline the overall process of collecting your WOTC […]
A Texas federal court overturned a U.S. Department of Labor (DOL) rule that raised the minimum salary required to be paid to most employees classified as exempt from overtime and minimum wage requirements. The court’s decision, that has a nationwide effect, invalidates the DOL’s final rule that put in place a salary level increase on […]
As the calendar year draws to a close, business owners and human resources teams find themselves immersed in the complexities of year-end payroll processing. Navigating this crucial aspect of business management requires careful attention to detail, compliance with regulations and strategic planning. Highlighted below are key steps and considerations to make your year-end payroll process […]
