Form W-2 is one of the most common tax documents used by the IRS for U.S. taxpayers, and one of the most important for both employers and employees. For your reference (and for any staff member who may inquire), here’s a quick rundown of what the form is and how it works:
The SECURE 2.0 Act brings important updates to retirement plans, which can affect how employers report on Forms W-2. To help navigate these changes, the IRS has issued a fact sheet highlighting key provisions that may impact reporting.
In April 2024, the Department of Labor (DOL) issued a new Federal Overtime Regulations rule, significantly altering the “white-collar” exemptions and impacting businesses nationwide. This article covers what these changes mean for your business and how to ensure compliance.
Implementing a job applicant tracking system is essential for modern businesses aiming to streamline their recruitment process. With an effective ATS, companies can efficiently manage job applications, enhance candidate quality, and significantly reduce hiring time.
Earned Wage Access (EWA) is revolutionizing the way employees manage their finances by allowing them to access a portion of their earned wages before payday. This system alleviates financial stress and offers significant benefits for both employees and employers.
“Employee Information Overload” has emerged as a formidable barrier to efficiency and well-being in the modern workplace, with an avalanche of digital communications overwhelming staff daily. This article delves into this challenge, offering a suite of practical steps and insights aimed at curbing excess information.
The U.S. Department of Labor’s “New Independent Contractor Rule” sets forth revised criteria to accurately classify workers, impacting nearly half the workforce. This pivotal change, effective March 11th 2024, aims to clarify and enforce proper employment status, ensuring fair labor practices and compliance across industries.
In recent developments, the Employee Retention Credit, a vital relief measure for businesses during the COVID-19 pandemic, faces new challenges. This article delves into the complexities and recent changes affecting the Employee Retention Credit, highlighting its impact and offering crucial guidance for businesses navigating this evolving landscape.
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The Internal Revenue Service (IRS) has announced significant changes to the IRA contribution limits for 2024. Understanding the 2024 IRA Limits is crucial for individuals and families planning their retirement strategies. This article delves into the details of the new limits, including the implications for tax planning and long-term financial security.
Holidays. Employee birthdays. Company milestones. Over the course of the year—and especially at the end of it—gift exchanges at the office are a common practice. Employee gifts can significantly boost morale when done right. Dive into our comprehensive guide to ensure every gift fosters a positive work environment.