Feb 11, 2025 | Human Resources, Regulatory Updates, Small Business Resources
7 Differences Between W-2 Employees and 1099 Contractors as outlined by the IRS classification Key differences between W-2 and 1099 workers primarily relate to their classification, tax treatment, and the nature of their working relationship with your company. ...
Jan 28, 2025 | HR Regulations, Human Resources, Industry News, Regulatory Updates, Small Business Resources
State Increases to Minimum Wages in 2025 Each state, and in some cases each county or city, is responsible for setting its own minimum wage law.  Below are each state’s minimum wage listings with upcoming 2025 changes noted. Only states with changes in 2025 are...
Jul 16, 2024 | Industry News, Regulatory Updates, Small Business Resources
IRS Enters Next Stage of Employee Retention Credit Work The IRS is intensifying its efforts to scrutinize claims for the Employee Retention Credit (ERC), as recent evaluations reveal a high likelihood of improper claims. The review showed that a significant portion...
Feb 8, 2024 | Industry News, Regulatory Updates, Small Business Resources
On January 10, 2024, the U.S. Department of Labor published a final rule, effective March 11, 2024, revising the Department’s guidance on how to analyze who is an employee or independent contractor under the Fair Labor Standards Act (FLSA).  This final rule rescinds...
Nov 15, 2023 | Industry News, Regulatory Updates, Retirement Services, Small Business Resources
IRS Updates Retirement Account Limits 401(k) limit increases to $23,000 for 2024, IRA limit rises to $7,000 The Internal Revenue Service announced November 1st, 2023 that the amount individuals can contribute to their 401(k) plans in 2024 has increased to...
Oct 26, 2023 | Regulatory Updates, Small Business Resources
State Increases to Minimum Wages in 2024 Each state, and in some cases each city, is responsible for setting its own minimum wage laws.  Below are each state’s minimum wage listings with upcoming changes noted. Dates are provided since changes go into effect...
