HR Compliance Update | December 18, 2023

HR Compliance Update | December 18, 2023

FEDERAL UPDATES IRS Mileage Rate:  The IRS announced an increase in the deductible mileage reimbursement rate for 2024 to 67 cents per mile, up from 65.5 cents. Exempt Salary Thresholds.  The Biden administration just released its Fall Unified Agenda for Regulatory...
HR Compliance Update | December 8, 2023

HR Compliance Update | December 8, 2023

FEDERAL UPDATES Taxable Gifts:  As a reminder this holiday season, gifts to employees of cash (including bonuses), gift cards, and gift certificates are subject to both income and employment taxes regardless of value, and must be reported on W-2 forms.  If these gifts...