Federal Alerts
Monday, January 6, 2025
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Compliance Corner
The Internal Revenue Service (IRS) released Notice 2024-83, which establishes the applicable dollar amount for policy and plan years ending on or after Oct. 1, 2024, and before Oct. 1, 2025, in relation to the Patient-Centered Outcomes Research Institute (PCORI) fee established under the Affordable Care Act (ACA).
Monday, January 6, 2025
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Compliance Corner
The Internal Revenue Service (IRS) has released the 2025 version of Publication 15-B (Employer's Tax Guide to Fringe Benefits). (Publication 15-B uses the term "employment taxes" to refer to federal income tax withholding as well as social security and Medicare (FICA) and federal unemployment (FUTA) taxes.) Publication 15-B is a supplement to Publication 15 (circular E) and IRS Publication 15-A (Employer's Supplemental Tax Guide).
Monday, January 6, 2025
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Compliance Corner
IRS Publication 15-A supplements IRS Publication 15 (Circular E), by providing more specialized and detailed employment tax information on certain topics covered in IRS Publication 15.
Monday, January 6, 2025
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Compliance Corner
On December 19, 2024, the Internal Revenue Service issued via Notice N-2025-05 the 2025 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, moving, and charitable purposes.
Monday, January 6, 2025
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Compliance Corner
The National Labor Relations Board (NLRB) has ruled that the National Labor Relations Act (NLRA) prohibits employers from requiring employees to attend meetings in which the employer expresses their views on unionization. The NLRB ruled that the decision will be applied prospectively (future cases) only.
Monday, January 6, 2025
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Compliance Corner
The Internal Revenue Service has released Publication 15 (a/k/a Circular E) Employer’s Tax Guide for use in 2025. Publication 15 explains an employer’s tax responsibilities, important updates for 2025, and employer instructions for payroll and non-payroll tax withholding.
Monday, January 6, 2025
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Compliance Corner
On Dec. 19, 2024, the Internal Revenue Service issued Notice 2025-05 announcing that the standard mileage rate, effective Jan. 1, 2025, for use of an automobile to obtain medical care is 21 cents per mile. This is the same rate as in 2024.
Monday, December 2, 2024
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Compliance Corner
On Nov. 15, 2024, a Texas federal court struck down a U.S. Department of Labor (DOL) rule that raised the minimum salary required to be paid to most employees classified as exempt from overtime and minimum wage requirements under the Fair Labor Standards Act (FLSA).
The court’s decision blocks the minimum compensation increases that were scheduled to go into effect on Jan. 1, 2025, and invalidates the previously required July 1, 2024, increases nationwide.
Wednesday, November 6, 2024
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Compliance Corner
The Internal Revenue Service (IRS) via Revenue Procedure 2024-25 has released the inflation-adjusted contribution limitations for calendar year 2025 in relation to health savings accounts (HSAs) and high-deductible health plans (HDHPs).
Tuesday, November 5, 2024
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Compliance Corner
The Pittsburgh City Council has passed Ordinance 2024-0705 (the Ordinance), which prohibits employers from discriminating against medical marijuana patients in the workplace and limits certain marijuana drug testing of these patients. The Ordinance is effective immediately.