Final Forms & Instructions for 2024 ACA Reporting Now Available Employers subject to Affordable Care Act (ACA) reporting under Internal Revenue Code Sections 6055 or 6056 should prepare to comply with reporting deadlines in early 2025. For the 2024 calendar year, covered employers must: Furnish statements to individuals by March 3, 2025 (an alternative [...]
Federal District Court Halts Corporate Transparency Act Reporting Requirements On Dec. 3, 2024, the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction of the Corporate Transparency Act (CTA) and its implementing regulations. The CTA took effect on Jan. 1, 2024, and requires certain entities to report beneficial ownership [...]
DOL Announces Dual Jobs Final Rule On Dec. 16, 2024, the U.S. Department of Labor (DOL) announced a final rule that removes the agency’s 2021 final rule (2021 Dual Jobs Rule) that updated tip regulations under the Fair Labor Standards Act (FLSA) from the Code of Federal Regulations (CFR) and reinstates regulatory text as [...]
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NLRB Asserts Stay-or-Pay Provisions Are Unlawful On Oct. 7, 2024, the General Counsel (GC) of the National Labor Relations Board (NLRB) issued a memorandum asserting that certain “stay-or-pay” provisions unlawfully infringe on employee’s rights under the National Labor Relations Act (NLRA). Background In 2023, the NLRB GC issued a memorandum declaring that overbroad noncompete [...]
Employee Benefit Plan Deadline Relief Issued Due to Recent Natural Disasters On Nov. 8, 2024, federal agencies issued deadline relief to ensure that employee benefit plans, participants, beneficiaries, qualified beneficiaries and claimants in disaster areas are not further adversely affected by Hurricane Helene, Tropical Storm Helene and Hurricane Milton. Extension of Participant Time Frames [...]
The minimum wage rate is expected to change in 2025 in the following states: Alaska Arizona California Colorado Connecticut Delaware District of Columbia Florida Illinois Maine Michigan Minnesota Missouri Montana Nebraska New Jersey New York Ohio Oregon Rhode Island South Dakota Vermont Virginia Washington Certain areas of states (e.g., cities and counties) may have minimum [...]
HR&P is proud to bring you the Photo of the Game following each UH Men’s Basketball contest.
Key Drivers of 2025 Health Care Cost Increases Health care costs are projected to increase substantially in 2025. Estimates show a similar growth in spending to 2024, marking multiple years of compounding costs. Specifically, health care costs in the United States are likely to increase by 7%-8% in 2025, according to the following data [...]
Federal Court Vacates DOL’s Final Overtime Rule Nationwide On Nov. 15, 2024, the U.S. District Court for the Eastern District of Texas vacated the U.S. Department of Labor’s (DOL) final rule to amend current requirements that employees in white-collar occupations must satisfy to qualify for an overtime exemption under the Fair Labor Standards Act [...]
