Alerts

Stay on top of new and changing laws and regulations impacting your business with updates from our team of regulatory experts. Our alerts help you stay aware and make sense of federal, state, and regional compliance, from employer taxes and social security to Equal Employment Opportunity (EEO) and paid leave.

2024 Final FUTA Credit Reduction States Published

The US Department of Labor (DOL) has published the final 2024 FUTA credit reduction states. The credit reduction states/territories are California, New York, and the Virgin Islands.

Colorado FAMLI Headcount Updates Due by February 2025

Colorado Family and Medical Leave Insurance Program (FAMLI) sets due date for annual employee headcount updates.

2025 PCORI Fee Released

The PCORI fee for plan years ending on or after October 1, 2024, and before October 1, 2025, will be $3.47 per covered life.

HCM Year-End Review

Paylocity wants to help you stay ahead of new laws and requirements that will become effective in 2025. We’ve compiled a list outlining what you can expect from January 1, 2025, through June 30, 2025.

DOL Overtime Rule Blocked Nationally by Federal Judge

A federal judge in Texas blocked a Department of Labor (DOL) rule that increased salary thresholds for certain exemptions from the Fair Labor Standards Act (FLSA).

2025 Health FSA and Other Limits Announced

The IRS released updated limits for the 2025 tax year for FSA, transportation and parking benefits, QSERHA reimbursement limits, and EBHRA limits.

IRS Guidance Issued: Tax Treatment of Certain Contraception and Other Preventative Care

The IRS published guidance on how certain contraceptives and preventative care may be covered under an employee’s benefit program.

Secure 2.0 Act Qualified Student Loan Payment Contributions (QSLP)

New SECURE 2.0 Act IRS guidance allows employers to offer matching contributions to employees’ retirement plans based on their payments toward qualified student loans.

California Legislative Update 2024

To close the 2023-2024 legislative session, California Governor Gavin Newsom had until September 30, 2024, to approve or veto passed legislation. The governor signed multiple employment-related bills into law.

2025 ACA Affordability Rate

The Affordable Care Act (ACA) affordability rate for employer-sponsored health coverage will increase from 8.39% to 9.02% of an employee’s household income for the 2025 calendar plan year.

2024 Illinois Legislative Update

Illinois ended its 2024 legislative session with the passing of several employment bills. Below are summaries of what employers should prepare for in 2025 and beyond.

Department of Labor Overtime Tip Rule Overturned

The Fifth Circuit of the U.S. Court of Appeals vacated the DOL 80/20/30 Rule based on the Supreme Court decision overturning the Chevron deference.

Arkansas Lowers 2024 Income Tax Rates Again

New Payroll Tax Laws coming into Effect in 2024, 2024 Charts for withholding, new Payroll Regulations.

Utah 2024 Income Tax Rate Bill Passes

Senate Bill 69 reduces the Utah state income tax rate retroactive to the beginning of 2024.

Department of Labor Overtime Exemption Final Rule Update

Rule is effective July 1, 2024, nationwide, with one narrow exception

2024 Tax Mid Year Review

The past six months have brought many legislative changes, ranging from employment taxes to withholding taxes and local taxes.

Delaware EARNS: A State Retirement Plan

Delaware enacted EARNS, a state-sponsored employee retirement savings program, effective July 1, 2024.

Minnesota Earned Sick and Safe Leave Update

On May 21, 2024, Governor Tim Walz signed the HF 5247 (Article 11) which includes amendments to Earned Sick and Safe Leave (ESSL) provisions. The amendments are effective on May 24, 2024.

Colorado Passes Bill Lowering Income Tax Rates For 2024

Effective January 1, 2024, the Colorado individual income tax rate is temporarily reduced to 4.25%.

Connecticut Paid Sick Leave Amendments

On May 21, 2024, Governor Lamont signed HB 5005 into law that greatly expands Connecticut's existing Paid Sick Leave (PSL) law. The amendments range from employer coverage to accrual rate requirements to acceptable uses of leave.