Thinking about adding tips and overtime compensation to box 14 of Form W-2 for TY 2025? Two recent IRS notices have provided insight. The IRS issued its latest notice covering the One Big Beautiful Bill Act (OBBBA) on November 21,…
Compensation
The IRS recently announced changes to retirement plan numbers for next year, putting your year-end prep in high gear. The 401(k) plan salary deferral limit will bump up to $24,500 (currently $23,500). How about the salary deferral limit for 403(b)…
Is your company a joint employer, subject to trickier overtime compliance issues? If you don't ask that question, employees might do it for you. Case in point: An employee recently contacted the Department of Labor (DOL), asking for guidance on…
The amounts you can exclude from an employee’s gross income for certain fringe benefits will increase for 2026, IRS announced. As you know, fringe benefits are generally subject to income tax withholding as well as Social Security and Medicare taxes,…
In our interactive instructor-led 60-minute event, discover how to navigate the growing challenges of compensation management amid rising financial stress and shifting employee expectations. As workers demand fairness, transparency, and real value from their compensation, HR leaders must rethink outdated…
Ever since the Secure 2.0 Act laid out changes for workplace retirement plans, employers have been waiting for final regs from the IRS. Now, the regs are here. The 2022 law established new requirements, impacting 401(k), 403(b) and 457(b) plans…
The IRS has released proposed regulations, giving businesses needed details about tracking and reporting income based on tips. The One Big Beatiful Bill Act (OBBBA) had set October 2, 2025, as the deadline for publishing a list of occupations related…
Employers that don't want to require employees to turn in receipts for business travel reimbursement can rely on per diem rates. The General Services Administration (GSA) has issued a notice regarding its fiscal year 2026 per diem rates for business…
The IRS announced it isn't planning late-in the-game changes to tax year 2025 Forms W-2 and other payroll forms, such as the 941. That’s the case even though the One Big Beautiful Bill Act (OBBBA) says employees can take deductions…
The IRS has started rolling out guidance on the One Big Beautiful Bill Act, which contains the no-tax-on-overtime provision and much more. Not only is HR 1 vast, but parts of it are retroactive, and that includes the overtime provision,…
The IRS has released two revenue procedures, containing info employers need to ensure Affordable Care Act (ACA) compliance next year. The new numbers are pertinent as employers are researching health insurance plans and gearing up for open enrollment. As in…
On July 4, 2025, the One Big Beautiful Bill Act became law, with numerous tax implications for employers as well as employees. HR 1 extends many expiring provisions of the Tax Cuts and Jobs Act (TCJA). For example, the 2017…
More employees feel left in the dark about their pay than HR leaders might expect: 22% disagree and another 29% strongly disagree that their employer is transparent about compensation, according to Payscale’s 2025 Fair Pay Impact Report. Trust gaps around…
What's the maximum you'll pay per employee in Social Security tax next year? The taxable wage base estimate has been released. According to the intermediate projection issued in a June 2025 report, the Social Security taxable wage base next year…
HR professionals have had to increase their vigilance to pay transparency in recent years. Between new laws and professional demands, HR often takes the brunt of pay transparency expectations. And now, researchers have found some unintended consequences of pay transparency…
Should you withhold child support from a bonus or other lump-sum payment you’re about to make to an employee? You’ll be able to get an answer to that question from your state child support agency more quickly than in the…
