Payroll
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.
The IRS has opened a new program through which employers that mistakenly claimed the Employee Retention Credit (ERC) on Form 941-X can withdraw their claims without incurring penalties or interest.
Prosecutors can now seek stronger penalties - including prison time - against employers who unlawfully withhold workers' wages in the Empire State.
Beginning July 1, 2024, Vermont will be the first state to mandate withholding for child care purposes.
The IRS issued final regulations that dramatically lower the mandatory threshold for electronic filing of information returns, such as Forms W-2, 1099, 1094 and 1095.
Temporary workers in New Jersey will have greater protections against unpaid wages, unsafe working conditions, unlawful deductions, and other forms of mistreatment under the recently signed Temporary Workers' Bill of Rights.
The IRS has released its 2023 cost-of-living adjustments (COLAs) to the dollar limitations on benefits and contributions to qualified retirement and deferred contribution plans.
Some employer benefits will be more generous next year, thanks to inflation, as a result of the IRS announcement.
The Social Security Administration (SSA) announced that, for 2023, the maximum earnings subject to the Social Security payroll tax will increase nearly 9%.
News: HR and legal considerations for employers regarding payroll.
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