Compliance Corner
Tuesday, December 5, 2023
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Comprehensive Service (Compliance Corner)
California has enacted legislation that significantly expands a requirement for employers to notify employees about federal and state earned income tax credits (EITCs). The changes are effective with notices furnished on or after Jan. 1, 2024.
Tuesday, December 5, 2023
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Comprehensive Service (Compliance Corner)
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.
Tuesday, December 5, 2023
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Comprehensive Service (Compliance Corner)
The Washington Department of Labor & Industries (WDOL) has announced an increase to the state’s white collar overtime exemption salary threshold.
Monday, December 4, 2023
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Comprehensive Service (Compliance Corner)
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 transportation in a commuter highway vehicle and any transit pass; and the maximum amount that can be excluded from an employee’s gross income for the amounts paid for qualified adoption expenses furnished pursuant to an adoption assistance program.
Monday, December 4, 2023
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Comprehensive Service (Compliance Corner)
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.
Monday, December 4, 2023
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Comprehensive Service (Compliance Corner)
Effective Jan. 1, 2024, tipped income will become taxable in the state of Montana.
Monday, December 4, 2023
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Comprehensive Service (Compliance Corner)
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 accordingly.
Thursday, November 2, 2023
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Comprehensive Service (Compliance Corner)
California has enacted Senate Bill 525 (SB 525) which establishes a tiered minimum wage rate system for healthcare workers.
Thursday, November 2, 2023
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Comprehensive Service (Compliance Corner)
The Chicago City Council has voted to phase out the tip credit that employers are currently allowed to use when paying tipped employees. Historically, Chicago allowed employers to pay tipped employees at a rate below the city's minimum wage, provided the tips received bring the worker’s earnings to at least the full minimum wage.
Thursday, November 2, 2023
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Comprehensive Service (Compliance Corner)
On Nov. 1, 2023, the Internal Revenue Service (IRS) announced via Notice 2023-75, the cost-of-living adjustments applicable to dollar limitations for pension plans and other items for tax year 2024.