by Afilliated HR & Payroll | Jan 26, 2024 | Alert, Regulatory Compliance
As of February 6, 2024, Texas will prohibit employers of all sizes from adopting or enforcing a policy that requires applicants or employees to receive a COVID-19 vaccination. Additionally, employers can’t take any adverse action against an employee or applicant for...
by Afilliated HR & Payroll | Jan 3, 2024 | Alert, Benefits & Compensation, Regulatory Compliance
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 Social Security wage base is $168,600 for employers and employees,...
by Afilliated HR & Payroll | Oct 18, 2023 | Alert
The Equal Employment Opportunity Commission (EEOC) has announced that 2022 EEO-1 Component 1 data collection opens on October 31, 2023. The EEO-1 Component 1 report is a mandatory filing required of all private sector employers with 100 or more employees, and federal...
by Afilliated HR & Payroll | Sep 27, 2023 | Alert
As the Wall Street Journal pithily summarizes it, “Higher earners age 50 and up will get two more years to use pretax dollars for all of their retirement savings in 401(k)s and similar plans, after the Internal Revenue Service delayed a new requirement.”...
by Afilliated HR & Payroll | Sep 5, 2023 | Alert
The federal Department of Labor (DOL) has finally announced the release of its proposed rule to increase the minimum salary required for certain employees to be classified as exempt from minimum wage and overtime. While we don’t usually report on proposed rules...
by Afilliated HR & Payroll | Aug 31, 2023 | Alert
On August 23, 2023, the IRS announced that the Affordable Care Act (ACA) affordability threshold will be 8.39%, reduced from 9.12% in 2023, for plan years beginning in calendar year 2024 (after December 31, 2023). Under the ACA’s Employer Shared Responsibility...
