On June 15, 2023, Nevada Governor Joe Lombardo signed SB 290, which requires early wage access (EWA) providers to obtain a license from the Commissioner of Financial Institutions.
After clearing necessary procedural and financial hurdles this week, Maine is set to enact one of the broadest and most generous paid family and medical leave programs in the country.
For the past several years, we have reported on employment and labor laws taking effect mid-year. Increasingly, new compliance challenges are not taking a summer vacation.
In an opinion issued on June 20, 2023, the U.S. Court of Federal Claims reminded taxpayers that they must obtain a certificate of coverage in order to claim an exemption from Social Security and Medicare taxes (FICA) under a totalization agreement.
The Puerto Rico Department of the Treasury recently issued Internal Revenue Circular Letter No. 23-01 (CL IR 23-01) announcing the applicable 2023 limits for Puerto Rico qualified retirement plans.
As part of the 2017 Tax Cuts and Jobs Act, Congress enacted IRC §6050X, which requires government agencies (and certain nongovernmental regulatory agencies) to issue information returns to payors of fines and penalties to the government.
As part of the omnibus spending bill passed in a frenzy before the holiday break, Congress included the Securing a Strong Retirement Act of 2022. This law contains several changes that will have a profound impact on the rules governing retirement plans.
On December 14, 2022, the U.S. Department of Labor (DOL) and the Internal Revenue Service (IRS) signed and published a Memorandum of Understanding for Employment Tax Referrals.
