Payroll is one of the most important operational functions in any small or medium-sized business. When it runs smoothly, it supports employee trust, regulatory compliance, and financial stability. When it goes wrong, the consequences can be expensive and time-consuming. Even well-intentioned business owners can make payroll mistakes that result in penalties, back payments, and reputational [...]
The IRS has increased the health savings account (HSA) contribution limit for 2026 to $4,400 for self-only coverage, and $8,750 for family plans. To make HSA contributions in 2026, you must have an eligible high-deductible health insurance plan. For 2026, the IRS defines a high deductible as at least $1,700 for self-only coverage or $3,400 [...]
Starting January 1, 2026, benefits administered by PFML are taxable under IRS guidelines. Certain portions of medical leave benefits will be treated like third-party sick pay(wages) starting on January 1, 2026. Employers with employees who receive medical leave benefits that are consideredthird-party sick pay will be responsible for remitting employer portions of FICA(Medicare and Social [...]
The amount individuals can contribute to their 401(k) plans in 2026 has increased to $24,500, up from $23,500 for 2025. Details regarding cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2026 can be found in IRS Notice 2025-67 PDF. Highlights of changes for 2026 The annual contribution limit [...]
Starting October 29, 2025, Massachusetts employers with 25 or more employees are required to disclose wage ranges in job postings, to applicants, and current employees upon request. How Can Employers Ensure Compliance with the Wage Transparency Act? There are two key components of the Wage Transparency Act that Covered Employers must comply with: the requirements to [...]
What employers need to know: https://www.employer.gov/ What workers need to know about their rights: ttps://www.worker.gov/
Finding a job can be a challenge and for certain groups, it can be even harder. The Work Opportunity Tax Credit is a federal tax credit available to employers for hiring individual from certain groups who consistently face significant barriers to employment. The Work Opportunity Tax Credit is available until Dec 31,2025, for employers that [...]
Changes are underway regarding how the U.S. Department of Labor (DOL) determines whether a worker is an employee or an independent contractor under the Fair Labor Standards Act (FLSA). The DOL is expected drop the 2024 Rule and reinstate the broader “economic reality” test.Here are frequently asked questions about Employee vs. Independent Contractor classification as [...]
Have you been wondering how payroll is going to handle the new tax law changes regarding no tax on tips and overtime? These changes will not be implemented through payroll. Instead, employees will enter these deductions when they file their tax return. No tax on tips. Employees and self-employed individuals may deduct qualified tips received [...]
Has it been a while since your employees filled out a W4 form? Are their withholding deductions too high or too low? If your answer to either question is "yes," then we recommend having them fill out the newest W4 form. New hires should be filling out a W4 form and not just entering "0" or "1" automatically. [...]
