Federal Alerts
Monday, March 4, 2019
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Compliance Corner
The Occupational Safety and Health Administration (OSHA) has issued a final rule that eliminates the requirement for employers with 250 or more employees to electronically submit information from OSHA Form 300 (Log of Work-Related Injuries and Illnesses) and OSHA Form 301 (Injury and Illness Incident Report) to OSHA each year. The final rule took effect on February 25, 2019.
Monday, March 4, 2019
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Compliance Corner
The United States Equal Employment Opportunity Commission (EEOC) has announced that the Employer Information Report EEO-1, commonly known as the EEO-1 Report opening and deadline for submission has been extended.
Monday, March 4, 2019
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Compliance Corner
The Internal Revenue Service (IRS) has released the latest version of Publication 502, which describes what medical expenses are deductible by taxpayers on their 2018 federal income tax returns. The latest version of Publication 503 was also released. It describes the tests a taxpayer must meet in order to claim the credit for child and dependent-care expenses, and explains how to calculate and claim the credit.
Monday, February 4, 2019
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Compliance Corner
The 2017 Tax Cuts and Jobs Act (TCJA) created a new employer tax credit available to employers who provide paid family and medical leave to their employees. The tax credit applies to wages paid to qualifying employees between January 1, 2018, and December 31, 2019. The Internal Revenue Service has now released Form 8994, titled “Employer Credit for Paid Family and Medical Leave,” and instructions to be used by an employer when claiming the credit.
Monday, February 4, 2019
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Compliance Corner
Below is a summary of compliance requirements that took effect recently or will take effect over the next few months. For more information on these topics, please see this month’s edition of the ADP Comprehensive Services Newsletter or the Comprehensive Services Newsletter Archive located at http://adpcomprehensiveservicesnewsletter.com/.
Monday, February 4, 2019
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Compliance Corner
The Internal Revenue Service (IRS) has released Publication 15 (Circular E) Employer’s Tax Guide for use in 2019; Publication 15-A, Employer's Supplemental Tax Guide; and Publication 15-B, Employer's Tax Guide to Fringe Benefits.
Thursday, January 3, 2019
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Compliance Corner
Below is a summary of compliance requirements that took effect recently or will take effect over the next few months.
Thursday, January 3, 2019
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Compliance Corner
On December 12, 2018, the Internal Revenue Service (IRS) released the 2019 version of Form W-4 (Employee's Withholding Allowance Certificate) and instructions. Overall, the final version of Form W-4 (2019), for use in tax year 2019, is similar to the 2018 version of the form and retains the use of withholding allowances.
Thursday, January 3, 2019
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Compliance Corner
The Internal Revenue Service (IRS) has announced via Revenue Procedure 2018-57 the penalties under the Internal Revenue Code (IRC) for failure to file correct Information Returns, such as Forms W-2, 1099 and 1095-C, by the due date, and failure to furnish correct Information Returns to employees and other recipients by the required due date for tax year 2019.
Thursday, January 3, 2019
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Compliance Corner
In furtherance of a practice reinstituted earlier this year, the DOL’s Wage Hour Division (WHD) issued Opinion Letter FLSA 2018-25 which provides guidance to employers paying exempt employees on an hourly, daily, or shift basis by addressing the requirement in 29 C.F.R. Section 541.604(b) that a “reasonable relationship” exist between an exempt employee’s guaranteed amount and the amount actually earned.