by Afilliated HR & Payroll | Jul 17, 2023 | Alert, Benefits & Compensation
The IRS has announced that the amount individuals can contribute to their 401(k) plans in 2023 has increased to $22,500, up from $20,500 for 2022. This also applies to 403(b), most 457 plans, and the federal government’s Thrift Savings Plan. Also increasing is...
by Afilliated HR & Payroll | Apr 17, 2023 | Alert, Benefits & Compensation, HR Administration, Recruiting and Developing Talent
Who counts as an employee versus an independent contractor may be about to change. A DOL proposal suggests revamping employee classification, reclassifying workers who are economically dependent on a company as employees entitled to more benefits and legal...
by Afilliated HR & Payroll | Mar 28, 2023 | Benefits & Compensation, HR Administration
We have a remote employee who is working through their lunch break. Can we require them to take it? Yes, generally you can and should require an employee to take a lunch break. In many states, employers are required to provide employees with rest breaks, meal breaks,...
by Afilliated HR & Payroll | Mar 20, 2023 | Benefits & Compensation, HR Administration, Reminder
Are you working on this year’s tax return or planning for the future? Either way, you should know the rules on business travel tax deductions. According to the IRS, whether someone travels for work once a year or once a month, figuring out travel expense tax...
by Afilliated HR & Payroll | Mar 10, 2023 | Alert, Benefits & Compensation, Career Planning
Below are federal payroll tax rates and benefits contribution limits for 2023. Social Security tax In 2023, the Social Security tax rate is 6.2% for employers and employees, unchanged from 2022. The Social Security wage base is $160,200 for employers and employees,...
by Afilliated HR & Payroll | Jan 9, 2023 | Benefits & Compensation, Regulatory Compliance
An employee let us know their paycheck was short. Can we wait to pay the difference on their next check? Don’t wait. If the employee was underpaid, it is in your best interest to pay the employee the difference immediately. Wages are due on the regular payday for the...