WASHINGTON — The Internal Revenue Service issued interim guidance for sponsors of 401(k) and similar retirement plans that provide, or wish to provide, matching contributions based on eligible student loan payments made by their participating employees. Notice 2024-63, posted today on IRS.gov, implements section 110 of...
Since 1986, the federal government has required employers to complete I-9 forms for each worker. While many workplaces may feel like they are complying with this rule, this is rarely the case. Any mistakes on Form I-9 can lead to hefty fines, so it’s important...
Church staff often wear many hats and juggle countless responsibilities. Create job descriptions to help keep church employees focused on the most important tasks that support ministry goals and objectives. Working for a church is very different than working for a business in that much of what gets...
Both company owners and employees may often find it hard to believe that there's no federal law requiring a business to provide paid holidays, vacation or sick leave. However, there are indeed state laws, and the 21st-century workforce typically acknowledges common standards when it comes...
In general, time spent in job-related training is counted as time worked and must be paid. However, not every training program qualifies. If all four of the following criteria are met, you don't need to pay for the training: Occurs outside employee's normal work hours ...
The Internal Revenue Service is continuing to expand the features within Business Tax Account (BTA), an online self-service tool for business taxpayers that now allows them to view and make balance-due payments. Launched last fall, BTA is a key part of the agency’s service improvement initiative...
U.S. Citizenship and Immigration Services updated the Form I-9, Employment Eligibility Verification to extend the expiration date to 05/31/2027. Employers must use the Form I-9 with the edition date of 08/1/23, which may have an expiration date of either 07/31/2026 or 05/31/2027. Either form may be used until its...
We’ve worked with some incredible churches, carrying the Gospel with excellence and ministering to their church staff with authentic love. On the other hand, we’ve also seen organizations that miss the mark more than just occasionally when it comes to taking care of people. Whether...
As an accountant, banker, bookkeeper, or benefit broker, you strive to offer your clients the best solutions to keep their businesses and/or organizations running smoothly. One area where you can make a significant difference is payroll management. Many organizations are stuck with payroll providers that are...
As employees put more emphasis on work-life balance, companies are offering perks such as concierge services, massage therapy and in-office gyms. These extras make the workday less stressful but don't acknowledge employees' desire for a long break. Enter the employee sabbatical. A sabbatical is a benefit...