On January 23, 2025, the Puerto Rico Department of the Treasury issued Internal Revenue Circular Letter No. 24-01 (CL IR 24-01) announcing the applicable 2024 limits for Puerto Rico qualified retirement plans.
The IRS has released new guidance clarifying the application of Section 530 of the Revenue Act of 1978 and Sections 3509 and 7436 of the IRC in five common situations where the IRS has determined that a worker is misclassified as a non-employee.
The IRS’s recently released Revenue Ruling 2025-4 provides significant guidance on the employment tax treatment of contributions to and benefits paid under state paid family and medical leave (PFML) programs.
The report highlights common workplace issues that can arise as a result of natural disasters, including wage and hour disruptions, leaves of absence requests, benefit and tax implications of employee assistance programs, and other considerations.
Every year the IRS National Taxpayer Advocate Service (TAS) issues its Annual Report to Congress that discusses the ten most serious issues taxpayers faced during the past year in their dealings with the IRS, among other topics.
The wildfires ravaging various parts of Los Angeles County are truly tragic and expected to cost more than $50 billion in damages, making it the most expensive natural disaster ever in the United States.
As 2024 comes to an end, we reflect on the year's developments and turn our attention to the significant employment law changes that await UK employers in 2025 and beyond.
On October 30, 2024, the UK Government set out the Autumn Budget with changes to the minimum wage, employer National Insurance Contributions, and the taxation of umbrella companies.