Payroll
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.
Illinois has enacted several laws that impact the employment landscape, the majority of which will take effect at the beginning of 2026.
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.
The maximum earnings subject to the Social Security payroll tax will increase from $168,600 to $176,100 for 2025.
A new notice from the IRS also provides guidance on Roth matching contributions, auto enrollment plans and more.
The Employee Retention Credit Voluntary Disclosure Program (ERC-VDP) allows employers that erroneously received and cashed an ERC refund check to settle their liability with the IRS if they pay back 80% of the ERC.
News: HR and legal considerations for employers regarding payroll.