The “One Big Beautiful Bill” goes into effect in 2025 and runs through 2028. This will affect employers and how they report wages to the IRS. Along with how they deduct taxes from employees. “No Tax on Tips” New deduction: Effective for 2025 through 2028, employees and self-employed individuals may deduct qualified tips received in
Minnesota Paid Family Leave – January 1st, 2026
Minnesota Paid Leave takes effect beginning January 1, 2026. It is important that you gain awareness about this program, your responsibilities as an employer and other important information.This document is intended as a starting point for you including information about what the program is, how it will be paid for and how it will be
IRS Adjusts HSA Amounts
In Rev. Proc. 2024-25, the IRS made changes for health savings accounts for 2025. The maximum annual HSA contribution is: $4,300 for an eligible individual with self-only coverage. $8,550 for family coverage. HSAs are used in conjunction with a High Deductible Health Plan. The 2025 maximum annual out-of-pocket amount for HDHP self-only coverage is $8,300.
Families First Coronavirus Response Act (FFCRA)
Note: These provisions may still be impacted based on state law and employers should watch for updates from the Department of Labor. The Families First Coronavirus Response Act (FFCRA) was signed into law on March 18, 2020, and generally requires employers with less than 500 employees to provide a certain amount of paid sick and
USCIS Releases New Form I-9 & Instructions
USCIS released a new version of Form I-9, Employment Eligibility Verification on January 31, 2020. Employers should begin using the new version of Form I-9 at this time. Use of the new Form I-9 becomes mandatory starting May 1, 2020. Need to Know: Grace period for using the prior version of Form I-9 through April
Minnesota Wage and Hour Record-keeping Requirements
Minnesota employers are required to keep certain records about each employee. The Department of Labor and Industry (DLI) can demand and inspect these documents at any time to ensure compliance with Minnesota law. Information employers must record and keep for each employee Name, address and occupation. Rate(s) of pay and the amount paid each pay
Five Tips for Effective Meetings
If you want to get a snapshot of your organization’s efficiency and the health of its culture, look at your meetings. Are they efficient and productive? Do their results justify the time and expense? Are meetings an occasion for collaboration, knowledge-sharing, and team-building? Or are they a waste of time and a cause of needless
IRS Update: Tax Withholding Estimator, Lock-In Letters & 2020 W4
IRS Offers Guidance on Lock-In Letters The IRS updated its Withholding Compliance Questions & Answers page to offer guidance on how to handle lock-in letters with the new Form W-4. Understanding the 2020 Form W – 4 and How to Use it to Calculate Withholding IRS webinar On-Demand Topics covered: the reason for new a design of the
