Latest Compliance News

SECURE Act 2.0 Impact to Long-Term, Part-Time Employees

Earlier this year, we communicated advising of SECURE Act 2.0 requirements for Long-Term, Part-Time (LTPT) employees. We have now updated the 'Next Steps' process, and you can find those updates below in this Insights and Solutions article. The following features are now available to ...

California Amends Wage Theft Notice Requirements

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 ...

Boulder County, Colorado Enacts Minimum Wage

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 ...

Chicago Adopts New Paid Leave Ordinance

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 ...

Washington 2024 Overtime Salary Threshold Announced

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 ...

IRS Announces 2024 Benefit Plan Contribution Limits

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 ...

Ohio Enacts Recreational Marijuana Law

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 ...

Montana Modifies Taxation of Tipped Income

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 ...

Colorado requires new annual notice - Updated

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 ...

California To Raise Minimum Wages for Healthcare Workers

California has enacted Senate Bill 525 (SB 525) which establishes a tiered minimum wage rate system for healthcare workers. The Details: The scope of SB 525 is extensive and includes nearly all healthcare facilities operating in California including hospitals, licensed skilled nursing ...

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