April 2024


 

News

New Overtime Exemption Tool – Update

As we previously reported, we have partnered with Jackson Lewis to build a tool that will assist you in determining whether an employee is exempt from overtime under the most common federal and state overtime exemptions and are now anticipating a release of this new application to occur in March 2023.  

IRS Releases 2023 Publication 15

The Internal Revenue Service has released Publication 15 (a/k/a Circular E) Employer’s Tax Guide for use in 2023. Publication 15 explains an employer’s tax responsibilities, important updates for 2023, and employer instructions for payroll and non-payroll tax withholding.

IRS Releases 2023 Publication 15-B

The Internal Revenue Service (IRS) has released the 2023 version of Publication 15-B (Employer's Tax Guide to Fringe Benefits), which contains information for employers on the employment tax treatment of various fringe benefits, including accident and health coverage, adoption assistance, company cars and other employer-provided vehicles, dependent care assistance, educational assistance, employee discount programs, group term life insurance, moving expense reimbursements, health savings accounts (HSAs), and transportation (commuting) benefits. (Publication 15-B uses the term "employment taxes" to refer to federal income tax withholding as well as Social Security and Medicare (FICA) and federal unemployment (FUTA) taxes.) Publication 15-B is a supplement to Publication 15 (circular E) and IRS Publication 15-A (Employer's Supplemental Tax Guide).  

IRS Releases 2023 Version of Publication 15-A

The Internal Revenue Service (IRS) has posted the 2023 version of Publication 15-A, the Employer's Supplemental Tax Guide located at https://www.irs.gov/pub/irs-pdf/p15a.pdf .

IRS Announces 2023 Medical Mileage Rate

Transportation expenses, such as automobile mileage, that qualify as tax deductible medical expenses under Internal Revenue Code Section 213 generally can be paid or reimbursed on a tax-free basis by a health flexible spending arrangement, health reimbursement arrangement, or health savings account if the expense is “primarily for, and essential to, medical care.”

IRS announces 2023 Automobile Business Use Mileage Rates

On Dec. 29, 2022, the Internal Revenue Service issued via Notice 2023-03 the 2023 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, moving, and charitable purposes.

FLSA and FMLA Willful Violations Penalties Increased for 2023

On Jan. 13, 2023, the Department of Labor (DOL) issued a final rule via the Federal Register that revises civil penalties for many violations of federal labor laws, including certain violations of the Fair Labor Standards Act (FLSA) and the Family Medical Leave Act (FMLA). The Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015 directs federal agencies to adjust civil penalties for inflation each year.

Federal Protections for Pregnant and Nursing Employees Expanded

President Joe Biden has signed legislation that expands the protections for employees who are pregnant or nursing a child. Some of the changes took effect immediately, whereas others are effective in June.

USCIS Changes Policy on Expired Green Cards for Form I-9

Effective Dec. 12, 2022, the U.S. Citizenship and Immigration Services (USCIS) has extended the validity of Permanent Resident Cards (Green Cards) for lawful permanent residents who have properly filed a Form N-400 Application for Naturalization.

PCORI Fee for 2023 Announced

The Internal Revenue Service (IRS) released Notice 2022-59, which establishes the applicable dollar amount for policy and plan years ending on or after October 1, 2022 and before October 1, 2023 in relation to the Patient-Centered Outcomes Research Institute (PCORI) fee established under the Affordable Care Act (ACA).

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