Is That a Taxable Turkey?



As we approach the holiday season, many companies embrace the spirit of giving by providing extra goodies to their dedicated employees. However, it’s essential to be aware that what appears to be a simple gift can sometimes be viewed as compensation by the IRS.

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Social Security Wage Base and Earnings Test Amounts Increase in 2024



The Social Security Administration recently announced two key figures for 2024: The "wage base" and the "earnings test" amounts. The wage base is the maximum amount of earnings subject to Social Security tax. The earnings test limits the amount that Social Security beneficiaries can earn while collecting benefits if they haven't reached their full retirement age. This article reveals both amounts for next year.

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What the DOL's Overtime Proposal Could Mean for Employers

A newly proposed Dept. of Labor rule would make an estimated 3.6 million additional workers eligible to receive overtime pay — even though they're salaried workers. This article explains the current overtime rules and how the proposal would raise salary thresholds for workers performing certain duties.



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