New requirements involving pay data reporting, pay transparency, workplace notices, paid family leave, civil penalties for wage theft and more are coming soon to California.
The IRS issued proposed regulations defining the tipped jobs that qualify for deduction under the OBBBA, and which will affect employer wage reporting on a tipped employee's Form W-2, Wage and Tax Statement.
The OBBBA repeals taxes on tips and overtime, increases the maximum amount employees may exclude from taxable income for dependent care benefits, and makes other key payroll changes.
The IRS has released its 2025 cost-of-living adjustments (COLAs) to benefits and contributions to qualified retirement and deferred contribution plans.