Update The Colorado Department of Revenue has released a model notice to satisfy the notice requirement. Colorado employers should review the model notice instructions carefully and distribute the notice to employees ...

Effective Jan. 1, 2024, tipped income will become taxable in the state of Montana. The details: Under current law, effective through Dec. 31, 2023, tipped income is not considered taxable income for Montana state income tax purposes. The current version of Montana 15-30-2501 (Montana ...

Voters in Ohio approved a ballot measure, An Act to Control and Regulate Adult Use of Cannabis (the Act), which legalizes recreational marijuana. The law takes effect on Dec. 7, 2023. The details On Nov. 7, 2023, Ohio voters approved the Act, which legalizes recreational ...

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 ...

10/16/23 – 11/15/23 The following states or localities have announced new minimum wage increases. State or Locality Minimum Wage Rate Minimum Tipped ...

Many employers reward and recognize high performers with a bonus, especially toward the end of the year. If you award bonuses, there are several overtime and tax rules to consider. Here’s an overview of some of these rules to help you as you close out the business year in 2023. Bonuses ...

The Washington Department of Labor & Industries (WDOL) has announced an increase to the state’s white collar overtime exemption salary threshold. The Details: Effective January 1, 2024, the Washington white collar overtime exemption salary threshold will be $1,302.40 per week or ...

Chicago has enacted an ordinance that will require employers to provide both paid sick leave and paid leave that employees working in Chicago can use for any reason. The ordinance takes effect December 31, 2023 and replaces an existing paid sick leave requirement in the city. The Details Covered ...

The Boulder County, Colorado, Board of County Commissioners adopted Ordinance 2023-4 ,which establishes a new local minimum wage starting January 1, 2024. The Details: Covered Employers Employers covered under the ordinance include an individual, partnership, firm, corporation or any other ...

California has enacted legislation that amends the notice requirements under the state’s Wage Theft Prevention Act, beginning Jan. 1, 2024 The Details Existing Law As Amended by Assembly Bill ...