Increased social awareness and workplace transparency have made pay equity more than just a standard compliance issue for many companies today. Business leaders are under increased pressure to fully understand and thoroughly respond to the issue of pay equity. Neither of those two broad challenges is a straightforward task. To start, fully understanding what pay […]
The U.S. Department of Homeland Security (DHS) and U.S. Immigration and Customs Enforcement (ICE) announced employers will have until Aug. 30, 2023, to come into compliance with Form I-9 requirements. This comes after the end of the flexibilities provided during the COVID-19 pandemic, which officially end on July 31, 2023. History In March 2020, ICE […]
The Internal Revenue Service (IRS) announced the largest increase in recent years to the amount individuals can set aside in a health-savings account (HSA) each year. The new limits are a significant jump, but they are not particularly surprising in the context of months and months of rising inflation, which has contributed to growing costs […]
The United States Department of the Treasury released its “General Explanations of the Administrations Fiscal Year 2024 Revenue Proposals,” also known as the Greenbook. This year’s Greenbook includes specific provisions related to on-demand pay that may impact your business’s payroll and related tax treatment, if passed. What is On-Demand Pay? On-demand pay, otherwise known as […]
Outsourcing payroll comes with clear advantages, all of which contribute to the overall efficiency of a business. However, it’s important to partner with the correct payroll provider to ensure your business’s unique needs are met. The right payroll provider can save you time, money and stress with your payroll processing. Below are five reasons it […]
The Internal Revenue Service (IRS) recently announced it will be increasing the penalties for employers who fail to comply with the Affordable Care Act (ACA) employer-shared responsibility provisions in 2024. The employer-shared responsibility provisions, also known as the employer mandate, require certain employers to provide affordable health insurance coverage to their employees or face penalties. Qualifying as […]
Are you dissatisfied with your payroll provider, but are worried about the complexities of switching to a new one? Many businesses believe the only time they can change payroll providers is by waiting until the end of the calendar year and running their first payroll in January. The truth is the middle of the year […]
On April 10, 2023, President Joe Biden signed a bipartisan congressional resolution to end the COVID-19 National Emergency after three years. The national emergency was tied to the extension of many deadlines related to employee benefits including COBRA, special enrollment, and claims and appeals, just to name a few. The Public Health Emergency (PHE), which […]
As a follow-up to the Setting Every Community Up for Retirement Enhancement (SECURE) Act passed in 2019, Congress passed a SECURE 2.0 Act in December 2022, aimed to provide even more retirement options for American workers. The latest legislation includes a significant number of provisions impacting retirement plan providers and its employees. There are over […]
With the current labor market, many businesses are running with lean teams leading to the possibility of overtime for their employees. A recent U.S. Supreme Court decision serves as a reminder that overtime rules are not always easy to follow. Fair Labor Standards Act The Fair Labor Standards Act (FLSA) establishes the minimum wage, overtime pay, recordkeeping […]
