April 2024

 

IRS Announces 2024 Benefit Plan Contribution Limits

12/07/23

On Nov.  9, 2023, the Internal Revenue Service (IRS) announced via Revenue Procedure 2023-34 the dollar limitation for 2024 on employee salary reductions for contributions to health flexible spending accounts; the monthly limitation regarding the aggregate fringe benefit exclusion amount for transportation in a commuter highway vehicle and any transit pass; and the maximum amount that can be excluded from an employee’s gross income for the amounts paid for qualified adoption expenses furnished pursuant to an adoption assistance program.
Tuesday, December 5, 2023/Author: ADP Admin/Number of views (1168)/Comments (0)/
Categories: Compliance Corner Federal Compliance Update
Tags: Compliance Corner12/07/23

California To Raise Minimum Wages for Healthcare Workers

11/02/23

California has enacted Senate Bill 525 (SB 525) which establishes a tiered minimum wage rate system for healthcare workers.
Thursday, November 2, 2023/Author: ADP Admin/Number of views (1501)/Comments (0)/
Categories: Compliance Corner Federal Compliance Update
Tags: Compliance Corner11/02/23

Illinois - Chicago To Phase Out Tipped Minimum Wage

11/02/23

The Chicago City Council has voted to phase out the tip credit that employers are currently allowed to use when paying tipped employees. Historically, Chicago allowed employers to pay tipped employees at a rate below the city's minimum wage, provided the tips received bring the worker’s earnings to at least the full minimum wage.
Thursday, November 2, 2023/Author: ADP Admin/Number of views (1364)/Comments (0)/
Categories: Compliance Corner Federal Compliance Update
Tags: Compliance Corner11/02/23

Pension Plan Limitations for 2024 Provided by IRS

11/02/23

On Nov. 1, 2023, the Internal Revenue Service (IRS) announced via Notice 2023-75, the cost-of-living adjustments applicable to dollar limitations for pension plans and other items for tax year 2024.
Thursday, November 2, 2023/Author: ADP Admin/Number of views (1411)/Comments (0)/
Categories: Compliance Corner Federal Compliance Update
Tags: Compliance Corner11/02/23

2024 Federal Contractor Minimum Wage Increase Announced

11/02/23

The United States Department of Labor (DOL) has announced increases to the minimum wages that federal contractors covered under Executive Orders (EO) 13658 and 14026 must pay their employees who are performing work on or in connection with certain covered federal contracts.
Thursday, November 2, 2023/Author: ADP Admin/Number of views (1428)/Comments (0)/
Categories: Compliance Corner Federal Compliance Update
Tags: Compliance Corner11/02/23

Social Security Wage Base for 2024 Announced

11/02/23

On Oct. 12, 2023, the Social Security Administration (SSA) announced the 2024 wage base. The annual wage base limit is the maximum amount of employee wages that are subject to the social security tax for the calendar year.
Monday, October 30, 2023/Author: ADP Admin/Number of views (1096)/Comments (0)/
Categories: Compliance Corner Federal Compliance Update
Tags: Compliance Corner11/02/23

Patient-Centered Outcomes Research Institute (PCORI) Fee for 2023 Announced

11/02/23

The Internal Revenue Service (IRS) released Notice 2023-70, which establishes the applicable dollar amount for policy and plan years ending on or after Oct. 1, 2023, and before Oct. 1, 2024, in relation to the Patient-Centered Outcomes Research Institute (PCORI) fee established under the Affordable Care Act (ACA).
Monday, October 30, 2023/Author: ADP Admin/Number of views (1004)/Comments (0)/
Categories: Compliance Corner Federal Compliance Update
Tags: Compliance Corner11/02/23

EEO-1 Reporting to Open October 31 for Covered Employers

10/05/23

The U.S. Equal Employment Opportunity Commission (EEOC) has announced that it will begin accepting EEO-1 reports for 2022 via its portal on Oct. 31, 2023. The deadline to file the report is Dec. 5, 2023.

Tuesday, October 3, 2023/Author: ADP Admin/Number of views (1105)/Comments (0)/
Categories: Compliance Corner Federal Compliance Update
Tags: Compliance Corner10/05/23

EEO-1 Reporting to Open October 31 for Covered Employers

10/05/23

The U.S. Equal Employment Opportunity Commission (EEOC) has announced that it will begin accepting EEO-1 reports for 2022 via its portal on Oct. 31, 2023. The deadline to file the report is Dec. 5, 2023.

Tuesday, October 3, 2023/Author: ADP Admin/Number of views (1018)/Comments (0)/
Categories: Compliance Corner Federal Compliance Update
Tags: Compliance Corner10/05/23

NLRB Adopts New Standard for Reviewing Workplace Policies

10/05/23

The National Labor Relations Board (NLRB) has adopted a new standard for determining whether an employer’s policy violates Section 7 of the National Labor Relations Act (NLRA). The NLRB began applying the standard immediately.

Wednesday, September 27, 2023/Author: ADP Admin/Number of views (1191)/Comments (0)/
Categories: Compliance Corner Federal Compliance Update
Tags: Compliance Corner10/05/23
12345678910 Last

Recent News

 

© Copyright 2016 ADP LLC. 10200 Sunset Drive | Miami, FL 33173

You are receiving this email because you are a client of ADP TotalSource. The ADP logo, ADP, and ADP TotalSource® are registered trademarks of ADP, LLC. ADP - A more human resource. is a service mark of ADP, LLC.