Compliance Corner
Monday, January 1, 2024
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California
California has enacted legislation that significantly expands a requirement for employers to notify employees about federal and state earned income tax credits (EITCs). The changes are effective with notices furnished on or after Jan. 1, 2024.
Thursday, December 7, 2023
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California
California has enacted legislation that amends the notice requirements under the state’s Wage Theft Prevention Act, beginning Jan. 1, 2024.
Wednesday, December 6, 2023
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Illinois
Chicago has enacted an ordinance that will require employers to provide both paid sick leave and paid leave that employees working in Chicago can use for any reason. The ordinance takes effect Dec. 31, 2023 and replaces an existing paid sick leave requirement in the city.
Tuesday, December 5, 2023
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Colorado
The Boulder County, Colorado, Board of County Commissioners adopted Ordinance 2023-4 ,which establishes a new local minimum wage starting Jan. 1, 2024.
Monday, December 4, 2023
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Massachusetts
Please complete your HIRD form filing online via MassTaxConnect before December 15. Massachusetts law requires certain employers to file an annual Health Insurance Responsibility Disclosure (HIRD) form containing information about employer-sponsored health benefits offerings.
Monday, December 4, 2023
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Washington
The Washington Department of Labor & Industries (WDOL) has announced an increase to the state’s white collar overtime exemption salary threshold.
Monday, December 4, 2023
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Federal Compliance Update
On Nov. 9, 2023, the Internal Revenue Service (IRS) announced via Revenue Procedure 2023-34 the dollar limitation for 2024 on employee salary reductions for contributions to health flexible spending accounts; the monthly limitation regarding the aggregate fringe benefit exclusion amount for transportation in a commuter highway vehicle and any transit pass; and the maximum amount that can be excluded from an employee’s gross income for the amounts paid for qualified adoption expenses furnished pursuant to an adoption assistance program.
Monday, December 4, 2023
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Ohio
Voters in Ohio approved a ballot measure, An Act to Control and Regulate Adult Use of Cannabis (the Act), which legalizes recreational marijuana. The law takes effect on Dec. 7, 2023.
Monday, December 4, 2023
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State Compliance Update
Effective Jan. 1, 2024, tipped income will become taxable in the state of Montana.
Monday, December 4, 2023
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Colorado
The Colorado Department of Revenue has released a model notice to satisfy the notice requirement. Colorado employers should review the model notice instructions carefully and distribute the notice to employees accordingly.