IRS Says No Worker Classification Letter Rulings for Prospective Employment
In a recently released IRS Information Letter, the IRS addressed an individual taxpayer worker classification inquiry regarding performing work as …
Checkpoint Payroll Update Staff
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Social Security Wage Base Increases to $168,600 in 2024
The Social Security Administration (SSA) announced that the maximum earnings subject to Social Security (OASDI) tax will increase from $160,200 to …
IRS Releases 2023 Affordable Care Act Forms
The IRS released the final versions of the following 2023 Affordable Care Act (ACA) forms: (1) Form 1094-B, Transmittal of Health Coverage …
Minimum Wage Rates for Federal Contractors Increase in 2024
The U.S. Department of Labor’s (DOL) Wage and Hour Division (WHD) has released two Notices regarding the 2024 minimum wage rates for …
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Companies Can Focus Solely on Climate-Related Disclosures at First Adoption Next Year, ESG Rulemaker Says
The International Sustainability Standards Board (ISSB) voted on April 4, 2023, to grant companies the option to only report on …
Debt Ceiling Deal Would Slash Deficits by $1.5T, CBO Says
In scoring the Fiscal Responsibility Act of 2023 (HR 3746), the Congressional Budget Office estimated that the pending debt ceiling …
Collection Notices to Gradually Resume, IRS Announces
Correction, May 9, 2023: A previous version of this story incorrectly stated that CP14 Notices were suspended during the COVID-19 …