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...
HR Compliance Update | November 20, 2023

HR Compliance Update | November 20, 2023

FEDERAL UPDATES IRS – Benefit Plan Limits Increase in 2024: The IRS just announced increases in annual limits and phase-outs of deductions for retirement and other benefit plans for 2024. Some of the highlights include: increasing 401(k) limits from $22,500 to...
Top Payroll Tax Compliance Challenges for Businesses

Top Payroll Tax Compliance Challenges for Businesses

Payroll tax compliance is a critical aspect of running a business, and it comes with its fair share of complexities and potential pitfalls. Accurate payroll tax withholding, reporting, and filing are essential to avoid penalties, interest, and legal issues. In this...
Training Repayment Agreements Remain Under Federal Scrutiny

Training Repayment Agreements Remain Under Federal Scrutiny

By Kevin M. Sibbernsen with Jackson Lewis P.C. Training repayment agreements (TRA) are a tool for retaining employees after they receive employer-paid training. Generally, a TRA requires an employee to repay an employer for the costs of training if the employee leaves...
Adapting to the Changing Landscape of HR Laws

Adapting to the Changing Landscape of HR Laws

The world of Human Resources is continually evolving, and one aspect that small and midsize businesses (SMBs) need to be particularly attentive to is the ever-changing landscape of HR laws. This article delves into the dynamic nature of HR regulations, especially at...