News

The following states or localities have announced new minimum wage increases.

The following states or localities have recently announced new minimum wage increases.

ADP would like to remind you that Veterans Day, Friday November 11, 2022, is a bank holiday. The Federal Reserve will be closed.

ADP® would like to remind you that Columbus Day, Monday Oct. 10, 2022, is a bank holiday. The Federal Reserve will be closed. 

On Aug. 16, 2022, the Inflation Reduction Act of 2022 (HR 5376) was signed into law. The Act includes several tax changes, such as a "book-income" corporate alternative minimum tax, enhanced research credit against payroll tax for small businesses, a one percent excise tax on stock repurchases and increased IRS funding. 

The Act features $370 billion in spending on energy and climate change, including tax incentives and related provisions affecting transportation, manufacturing and many other industries. Examples include tax credits for developing renewable energy sources, and residential energy efficiency improvements, as well as a provision making certain energy credits transferable.

ADP would like to remind you that Labor Day, Monday September 05, 2022 is a bank holiday. The Federal Reserve will be closed as will ADP’s offices. 

ADP would like to remind you that Labor Day, Monday Sept. 5, 2022 is a bank holiday. The Federal Reserve will be closed as will ADP’s offices. 

The U.S. Supreme Court has ruled that employers may compel employees to arbitrate individual claims raised under the California Private Attorneys General Act (PAGA).

The U.S. Supreme Court has held in Dobbs v. Jackson Women’s Health Organization, No. 19-1392 (June 24, 2022) that there is no federal protection of abortion rights, overturning nearly 50 years of precedent from the Court’s decision in Roe v. Wade and Planned Parenthood Pennsylvania v. Casey on the issue. The ruling now enables each state to set its own legal requirements regarding abortions.

The Internal Revenue Service (IRS) has announced an adjustment to rates used to calculate the deductible costs of operating an automobile for business purposes for calendar year 2022.