The Department of Labor’s final rule for employee or independent contractor classification under the Fair Labor Standards Act rescinds the 2021 Independent Contractor Rule, replacing it with guidance on analysis …
Effective January 1, 2024, several Colorado laws were ushered in, including minimum wage increases and changes to paid leave. Minimum Wage Colorado’s minimum wage was boosted to $14.42 per hour, an …
Below are federal payroll tax rates and benefits contribution limits for 2024. Social Security Tax In 2024, the Social Security tax rate is 6.2% for employers and employees, unchanged from 2023. The …
It’s never too early to think about taxes! The IRS has already issued numbers to help you understand what the 2024 tax situation will be like. Below is a summary. …
Important payroll reporting begins October 1, 2023. This APPLIES TO EVERY employer in Colorado – even if you are using a third-party service. Look for an email that has begun circulating from the …
According to the IRS, a moratorium on processing of new ERC claims through year’s end will allow IRS to add more safeguards to prevent future abuse and to protect businesses …
