Category Archives: Regulatory Compliance

June 2023 Regulatory Compliance Changes for Employers

Form I-9 updated employer procedures and requirements. On May 5, 2023, the U.S. Department of Homeland Security and U.S. Immigration and Customs Enforcement released an announcement stating employers had 30 days to comply with Form I-9 requirements after the COVID-19 flexibilities sunset on July ’31, 2023. Employers must ensure that all required physical inspection of […]

California Makes Retirement Plans Mandatory for Employers

The State of California is implementing a phased in mandatory retirement program to improve workers access to retirement savings tools. Employers with five or more employees in California must either offer a qualified employer-sponsored retirement plan or participate in the state’s Individual Retirement Account (IRA) program known as CalSavers, effective June 30, 2022. Qualified Employer-Sponsored […]

Corona Virus Causes Chaos for Small Employers

For small businesses, navigating employment related laws and regulations has long been a challenge. The COVID-19 outbreak has produced a double whammy for many companies. Many employers are dealing with a loss of revenue combined with increasing employer related costs due to newly expanded rules related to sick leave, paid family leave and expansion of […]

SSA Announces Higher 2020 Wage Cap

In order to fund Social Security benefits for millions of American citizens, employee wages are taxed up to a specified earnings limit, known as the taxable wage cap. The Social Security Administration recently announced changes to the maximum limit on earnings subject to the tax. In October 2019, the SSA announced that the taxable wage […]

IRS Provides Tax Guidance for businesses using a Professional Employer Organization

The Tax Cuts and Jobs Act (TCJA) of 2018 provided significant tax breaks for business operation as “pass-though” entities where the income from the business is passed to the tax returns of the business owners. Sole proprietors, limited liability companies (LLCs), S corporations, and partnerships are all considered pass-through entities. The TCJA allows businesses to […]