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Ensuring payroll compliance in 2024: What’s new?

BMT Office Administration

Maintaining payroll compliance is a must for accounting departments, but it’s often easier said than done. That’s especially true whenever new changes come about, and 2023 was a year rife with new payroll regulations, trends, and initiatives. From the implementation of SECURE 2.0 From the implementation of SECURE 2.0

Payroll 52
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Book Review: Raw Deal - How the Uber Economy is Screwing American Workers

Small Business Labs

Government Accountability Office (GAO) recently did an analysis of contingent work and found 85% of independent contractors are content being independent and would not want to be traditional employees.   The book closes with policy suggestions for making independent work less precarious. For example, the U.S.

Temping 100
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Crypto’s creep into the workplace is creating concerns

BMT Office Administration

You can have a policy against paying employees in crypto and it probably won’t be a deal-breaker for the vast majority of employees. Not easy to value: None of the proposed models for valuing cryptocurrencies are as sound as traditional discounted cash-flow analysis for equities or interest-and-credit models for debt. It’s happened.

Legal 52
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Upcoming regulatory initiatives and their impact on payroll

BMT Office Administration

the American Payroll Association’s director of government relations. Speaking at the American Payroll Association’s 40th Annual Congress this week in Las Vegas, Jacobson, Robert Wagner, Esq., and Mike Linehan caught attendees up on today’s hot payroll -related regulatory issues. This keeps Payroll in the loop.

Payroll 52
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U.S. Federal Report Finds RTO Fails When Compared To Remote Work

Allwork

This single policy change transformed recruiting conversations, turning a geographic selling point into a universal advantage. GAOs analysis of a mid-2021 global survey found teleworkers saved an average of 55 minutes per day by ditching their commute. These savings directly improve margins and free capital for strategic investments.

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U.S. Jobless Claims Fall As Economic Momentum Continues

Allwork

” “The economy is set to end 2024 on a solid note, which is fortunate since we’ll have to contend with heightened policy uncertainty and possibly greater challenges in 2025,” said Oren Klachkin, financial markets economist at Nationwide. The Fed hiked its policy rate by 5.25 14, the Labor Department said.

2025 130
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U.S. Government to Use Software for Rapid Layoffs, 260K Already Gone

Allwork

The Internal Revenue Service has said it wants to slash its payrolls by 40%, according to media reports. It also allows for the upload of employee data for analysis, freeing HR workers from having to manually input personal records of possible targets for dismissal.

Agencies 147