Notice 2025-54 from the IRS updates the per diem rates taxpayers can use to cover lodging, meals and incidental expenses when traveling away from home. The rates take effect October 1, 2025, and include a special rate for the transportation industry, a rate for incidental expenses only, and the high-low rates for certain high-cost areas. […]
PayrollOrg (PAYO) has made it easier for employees to adjust their tax withholding under the One Big Beautiful Bill Act (OBBBA). The law adds new tax deductions, including extra benefits for overtime pay, tips, seniors, and increases to the standard deduction and child tax credit. It also raises the limit for some state and local […]
The IRS has released draft versions of the 2026 Form W-2, Wage and Tax Statement, and Form W-2c, Corrected Wage and Tax Statement. These drafts are for informational purposes only and should not be filed. What’s Changing in 2026 Some updates are tied to the One Big Beautiful Bill Act (OBBA), which affects payroll reporting: Box […]
Payroll Systems does more than process paychecks. We help businesses simplify HR, benefits, timekeeping and compliance all in one place. HR Made Easy With HCM and HRIS software, Payroll Systems keeps employee data organized and easy to access. Tracking recruitment, performance and compliance has never been simpler — everything is in one place, not scattered […]
By law, nonexempt employees — whether paid hourly or salaried — must be paid at least 1.5 times their regular rate of pay for all hours worked over 40 in a workweek. The One Big Beautiful Bill Act introduces a tax break for certain workers who earn overtime, using an above-the-line deduction. An above-the-line deduction […]
The OBBBA law is long, but the IRS has summarized some of the most significant provisions: No tax on tips Effective for 2025 through 2028, employees and self-employed individuals may deduct qualified tips received in occupations that are listed by the IRS as customarily and regularly receiving tips on or before December 31, 2024, and […]
Did you know sick leave can help your company attract talent? That said, paid sick leave isn’t always optional — in some states, the law requires you to provide a certain amount of paid sick leave for all employees. There are broad similarities in state laws, though they differ in terms of minimum sick time […]
The U.S. Department of Education has resumed collections on defaulted federal student loans as of May 5, ending a pause that had been in place since the onset of the COVID-19 pandemic in March 2020. The Department’s Office of Federal Student Aid (FSA) restarted the Treasury Offset Program, allowing the federal government to recover unpaid loans […]
The One Big Beautiful Bill Act, or OBBA, was signed into law on July 4, bringing with it sweeping changes to the U.S. tax code for both individuals and businesses. Widely viewed as pro-business, the legislation makes permanent several provisions of the 2017 Tax Cuts and Jobs Act and introduces new deductions, credits and caps. […]
The U.S. Department of Labor’s Wage and Hour Division has issued a field assistance bulletin outlining how agency investigators will determine whether a worker is classified as an employee or an independent contractor under the Fair Labor Standards Act. While the department reviews the 2024 final rule, “Employee or Independent Contractor Classification Under the Fair […]