Payroll News

Alabama Clarifies Guidance on Overtime-Pay Income Tax Exemption

An Alabama Department of Revenue official clarified existing guidance regarding overtime pay in an Aug. 14 email to Bloomberg Tax.

Vermont Creates New Child Care Payroll Tax Starting July 1, 2024

Vermont is creating a new payroll tax to fund its Child Care Financial Assistance Program under a bill that will partially go into effect on July 1, 2024.

Indiana Updates Withholding Methods for New Exemption

Indiana’s Departmental Notice No. 1 was updated effective Sept. 15 to add an increased additional dependent exemption for first-time dependents, the state revenue department said.

401(k) Law’s Appeal Fades as Workers Face Student Debt Deadlines

Fast-approaching fall deadlines ending pandemic-era student debt forgiveness programs have increased pressure on employers to help workers with impending payments, but eroded the early allure of a 401(k) loan matching program set to take effect next year.

Canada Decreases Information Return E-Filing Threshold

Canada will require employers filing at least six information returns to file electronically starting in 2024, the Canada Revenue Agency said Aug. 16.

PRACTITIONER INSIGHTS

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Payroll in Practice: 8.21.2023

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Patrick A. Haggerty, Tax and Accounting Services

Payroll in Practice: 8.14.2023

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If You’re a Remote Employee, You Can Still Be Eligible for FMLA

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Latest Stories

B. Braun Medical Wins Bench Trial Over Management of 401(k) Plan

B. Braun Medical Inc. used objectively prudent procedures to manage its $790 million 401(k) plan for over 6,600 participants, a federal trial court said.

By Bernie Pazanowski

Massachusetts Construction Surveyors Lose Prevailing Wage Case

An engineering firm dodged a lawsuit from two former employees who claimed they were underpaid after Massachusetts’ Supreme Judicial Court found their contracts were not subject to the state’s prevailing wage law.

Corporate Legal Departments Start Embracing AI, Cautiously

Generative artificial intelligence is on the verge of transforming how corporate legal departments deal with routine functions—even as it creates new obstacles that must be navigated.

Vermont Creates New Child Care Payroll Tax Starting July 1, 2024

Vermont is creating a new payroll tax to fund its Child Care Financial Assistance Program under a bill that will partially go into effect on July 1, 2024.

IRS Updates Form W-3c (PR)

Updates to the transmittal form for corrected paper Puerto Rico withholding statements filed with the Social Security Administration were released Aug. 16 by the Internal Revenue Service.

Indiana Updates Withholding Methods for New Exemption

Indiana’s Departmental Notice No. 1 was updated effective Sept. 15 to add an increased additional dependent exemption for first-time dependents, the state revenue department said.

USA Today Sports Editor Files Class Action for Overtime Pay

Site editors, who maintain NFL team webpages for USA Today Sports Media Group LLC, filed a collective action against the publisher and Gannett Co. Inc. claiming that they are employees entitled to overtime pay.

Austria Audit Service Took 92M Euros in Back Payments in 2022

The Austrian government collected 92 million euros in back payments in 2022 after over 13,000 inspections, it announced Wednesday.

Indian State Updates Minimum Wage Rates

The Indian state of Goa updated its base minimum wage rates for the first time since 2016 in a series of notifications that took effect Aug. 11.

Canada Decreases Information Return E-Filing Threshold

Canada will require employers filing at least six information returns to file electronically starting in 2024, the Canada Revenue Agency said Aug. 16.