The IRS has released Fact Sheet 2026-02, providing updated Frequently Asked Questions (FAQs) regarding the implementation of Executive Order 14247, Modernizing Payments To and From America’s Bank Account. The Executive Order directs the transition to fully electronic federal payments both to and from the IRS, aiming to reduce fraud, increase efficiency, lower costs, and enhance […]
Immigration and Customs Enforcement (ICE), in a “fact sheet” available on its website, has made a significant change to the way it conducts I-9 audits. Specifically, ICE has broadened what it considers to be a “substantive” violation on an I-9. This change is likely to increase the financial penalties employers face during an audit, impacting […]
Notice 2026-36 provides interim guidance that ATEOs can use when applying the Section 4960 excise tax after the OBBBA expanded the definition of a covered employee for taxable years beginning after Dec. 31, 2025.Until proposed regulations are issued, ATEOs can rely on the rules outlined in the notice, including the definition of covered employee for […]
The One Big Beautiful Bill Act (OBBBA) introduced two new, retroactive, and temporary federal income tax deductions starting in the 2025 tax year (and currently through 2028) applicable to employees who receive qualified tips or qualified overtime compensation. Under IRS guidance, employers are not required to change how they report pay for 2025. Due to […]
Rising healthcare costs are an enterprise issue for employers. Organizations know they need to take urgent action but often lack alignment on how. Understanding C-Suite perspectives and learning how to collaborate is critical. Accede al recurso completo Fuente: AON
The U.S. Department of the Treasury and the IRS recently released final regulations for the qualified tips deduction under Section 224, commonly referred to as the “no tax on tips” provision enacted under the One Big Beautiful Bill Act (OBBBA). The final regulations define “qualified tips” and identify occupations that customarily and regularly received tips […]
Employee benefit plans do not always operate on a 12-month cycle. New plans, terminated plans, mergers, or fiscal year changes all can result in a short plan year. In these situations, the Short Plan Year Rule under the Employee Retirement Income Security Act of 1974 (ERISA) can provide meaningful relief by allowing sponsors to defer […]
New changes and challenges for employers and payroll tax professionals. This Alert highlights a few recent developments in Employment Tax related to federal withholding and reporting requirements for state PFML programs, considerations for employers that are facing a 27-pay period year, and additional guidance from the IRS on the qualified overtime compensation deduction. Accede […]
Independent contractors are an important part of many businesses. As of 2022, there were 31.9 million contractors in the US. However, qualified independent contractors are located worldwide, so you don’t even have to stay within the US when expanding internationally Accede al recurso completo Fuente: Remote
GLP-1 medicines for weight loss are increasingly popular in the U.S., prompting employers to consider coverage for employees. While not as common yet globally, GLP-1s spark a broader discussion around using data and analytics to identify health risks and address obesity as a disease. Accede al recurso completo Fuente: Aon
