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PrintAs a membership benefit, members are emailed up-to-the-minute news flashes. Below are the recent Compliance Updates and other important news.
Breaking Payroll News and Critical Updates
2025 Pension COLAs Announced
(November 1, 2024) The IRS announced the cost-of-living adjustments (COLAs) to the dollar limits on benefits and contributions under qualified retirement plans. More . . .
IRS Announces 2025 COLAs for Transportation Fringes, FSA Deferrals, and More
(October 22, 2024) The IRS released cost-of-living-adjustments (COLAs) for 2025. More . . .
Social Security Wage Base Increases to $176,100 for 2025
(October 10, 2024) The Social Security Administration (SSA) announced on Thursday, October 10, that the 2025 social security wage base will be $176,100.
More . . .
DOL Finalizes Salary Threshold for ‘White Collar’ Exemption
(April 24, 2024) The U.S. Department of Labor (DOL) announced a final rule to increase the minimum salary level for the Fair Labor Standards Act “white collar” exemptions.
More . . .
IRS Releases 2024 Publication 15-T
(December 20, 2023) The publication describes how to figure federal income tax withholding using the percentage method and the wage bracket method and describes alternative methods for figuring withholding.
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Business Standard Mileage Rate Increases to 67 Cents in 2024
(December 14, 2023) The IRS announced that the business standard mileage rate for transportation expenses paid or incurred beginning January 1, 2024, will be 67 cents per mile.
More . . .
IRS Announces 2024 COLAs for Transportation Fringes, FSA Deferrals, and More
(November 9, 2023) The IRS released cost-of-living-adjustments (COLAs) for 2024. More . . .
2024 Pension COLAs Announced
(November 1, 2023) The IRS announced the cost-of-living adjustments (COLAs) to the dollar limits on benefits and contributions under qualified retirement plans. More . . .
Social Security Wage Base Increases to $168,600 for 2024
(October 12, 2023) The Social Security Administration (SSA) announced on Thursday, October 12, that the 2024 social security wage base will be $168,600.
More . . .
2023 Publications 15 (Circular E), 15-T, and Forms W-4, W-4R Released
(December 16, 2022) The IRS has released the 2023 Publications 15 (Circular E) and 15-T, and the Forms W-4 and W-4R. More . . .
2023 Pension COLAs Announced
(October 21, 2022) The IRS announced the cost-of-living adjustments (COLAs) to the dollar limits on benefits and contributions under qualified retirement plans.
More . . .
IRS Announces 2023 COLAs for Transportation Fringes, FSA Deferrals, and More
(October 18, 2022) The IRS released cost-of-living-adjustments (COLAs) for 2023.
More . . .
Social Security Wage Base Increases to $160,200 for 2023
(October 13, 2022) The Social Security Administration (SSA) announced on Thursday, October 13, that the 2023 social security wage base will be $160,200.
More . . .