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With new deadlines and changing benefits compliance requirements each year, its vital to stay informed and organized. This 2025 Benefits Compliance Checklist outlines key topics, dates, and additional areas to keep an eye on, ensuring your company meets regulatory obligations throughout the year. Retirement plan compliance (SECURE 2.0
trillion on home health care by 2026. These challenges include a record-low unemployment rate, baby boomers retiring rapidly, costly compliance hurdles and a general misconception of working in home health care. The home health care industry is growing quickly, with Americans are projected to spend $5.7
With a shrinking talent pool and a growing age demographic — as baby boomers hit retirement age by the millions annually — the pressure on healthcare recruiters shows no relief on the horizon. . Compliance training may be mandatory, as may be training on sexual harassment recognition and other workplace issues.
Quick look: Compliance changes over the past few years have moved at a frenetic pace. Regulatory Agenda, the DOL has made notable changes to the Employee Retirement Income Security Act of 1974 (ERISA), as well as group health plans. amends ERISA to expand coverage and increase retirement savings for Americans. In 2023, SECURE 2.0
Nowadays, there are a lot of people who aren’t feeling very secure about their retirement. So let’s talk about that retirement situation. It’s not so great if people are continuing to work longer simply because they are concerned they won’t be able to afford to retire comfortably. of those people being 65 and older.
workers better prepare financially for retirement, at every stage of their employment journey. workers who have not been able to save enough money to retire have delayed their transition into this next stage of life because of current economic conditions and record-high inflation. The SECURE 2.0 For many U.S. The SECURE 2.0
Non-Corporation Taxpayers Excess Business Losses (CARES Act §2304): The Tax Cuts and Jobs Act (TCJA) had enacted IRC §461(l) which limited the ability of non-corporation taxpayers to claim excess business losses through 2026. We’re committed to helping companies reduce risk, avoid penalties, and achieve 100% ACA compliance.
Payroll costs include all applicable wages for individual US based employees, capped at $100,000 in compensation for each individual employee per annum prorated for the loan period, paid leave, severance, insurance premiums, retirement benefits, as well as state payroll taxes. The maximum loan amount shall be 2.5
Hiring in the Construction Labor Shortage The construction industry needs two million additional workers to meet demand by 2026. Safety: Your strategy helps you ensure job sites and projects have the appropriate number and types of team members to maintain safety and compliance. Read the post here.
trillion on home health care by 2026. Between baby boomers retiring at a rapid rate, a talent shortage in home health care and costly compliance hurdles, home health care agencies need to identify new ways to stay competitive and profitable. In fact, Americans are projected to spend $5.7
From employee onboarding to retirement, HR technologies will leave no stone unturned in enhancing the employee lifecycle. Researchers predict a swift and widespread adoption of the Metaverse in HR, with a projected 25% of people dedicating at least an hour of their daily work routine to this transformative technology by the year 2026.
They provide detailed compensation packages that include not just salaries but also stock options and retirement benefits. Newfoundland, NL Pay Equity and Pay Transparency Act Effective Date: January 1, 2026 The Pay Equity and Pay Transparency Act was passed in 2022, but has yet to be fully implemented.
Now, however, these rules are being revisited and, in an effort to maintain compliance, some firms are abandoning remote work altogether. Longer Life Expectancies and Career Trajectories When social security was first established, with retirement benefits granted at age 65, the average life expectancy was just 58 for men and 62 for women.
However, property placed in service in 2023 will experience a bonus depreciation that will decrease by 20% each year, as follows: 2023: 80% 2024: 60% 2025: 40% 2026: 20% 2027: 0% 4. Act tax credits SECURE Act 2.0 During tax season 2024, employers should brush up on SECURE Act 2.0’s
Act of 2022 eydie.pengelly Fri, 03/03/2023 - 14:33 Main Image Background Color Green Body One of the biggest challenges Americans face is saving enough money for retirement. Surveys show that there are nearly 40 million American households with no retirement savings and that many Americans have no more than $100 in savings.
Icahn Automotive , for example, recently launched a Race to 2026 program. Plan for Retirement. million engineers to retirement, but there won’t be enough talent to replace them. If you have engineers that will be retiring in the next few years, plan on recruiting their successors now.
million people currently employed in this field with an estimated growth of 26% by 2026. Accountants are employees that manage day-to-day functions of the accounting and finance of a company or individuals and ensure accuracy and compliance of these matters with state and federal regulations. Accountant.
million people currently employed in this field with an estimated growth of 26% by 2026. Accountants are employees that manage day-to-day functions of the accounting and finance of a company or individuals and ensure accuracy and compliance of these matters with state and federal regulations. Accountant – Jobs for Introvert.
However, below, we outline several major regulations that employers should keep in mind, from credits for implementing new employee retirement plans to how a multistate workforce may affect tax liability. These facts highlight the importance of boosting military spouses retirement savings, something the SECURE 2.0
Government is hiring, but human resource professionals face competition from the private sector, accelerating retirement rates, and a shortage of applicants.”. to 5 on the General Services Administration Mission Support Customer Satisfaction Survey by 2026. Increase the overall satisfaction score for human capital from 4.75
Stage Two : Slated to commence in April 2026, the second phase is intended to create a “simpler, fairer, and better-targeted” framework for carried interest. Operational Adjustments : Investment firms may also need to invest in enhanced compliance capabilities to navigate the complexities of the new tax laws.
From 2025 through 2026, programs will also begin in Maine, Delaware, Maryland and Minnesota. Our technology helps more than 100,000 businesses stay in compliance while removing the guesswork for HR outsourcers (HROs) through our solutions and decades of experience and expertise. This will bring the number of U.S.
These agencies draft and implement regulations governing retirement and health benefits plans, workplace safety and health, and minimum wage and overtime pay requirements. Lucas and the EEOC would be limited in their ability to adopt new policies or reverse actions taken by the Democrat-controlled commission prior to July 2026.
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