OSHA Form 300A Posting Begins February 1, Reporting Due March 2
Form 300A Workplace Posting Begins February 1 Covered employers that had 11 or more employees in the entire company at any point in 2024 are required to post the Occupational Safety and Health Administration (OSHA) Form 300A, Summary of Work-Related Injury and Illnesses, from February 1 through April 30. This requirement applies even if […]
2025 Compensation Trends: Pay Transparency, Slowing Raises, and More
The past year was a big one in the compensation realm. It included increased pay transparency, stalemates on gender pay equity, and slowing pay increases due to a stabilizing labor market. Expect some of those trends to continue this year, experts say—with a couple of additions. For one, pay increases will continue to be an important […]
Understanding IRS Form W-2
Each year, businesses give a W-2 form to each employee. The W-2 shows all taxable wages paid to the individual during the calendar year. The W-2 also includes information on tax and other withholdings. When the employee files their taxes, they input the data from the W-2 onto their Form 1040. Employers must give W-2s […]
IRS Announces Retirement Plan Changes
Your max contributions to 401(k) plans for 2025 increase to $23,500, up from $23,000 for 2024, according to the IRS. The tax agency also issued technical guidance regarding cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2025. The limit on annual contributions to an IRA remains $7,000. The […]
A New President: How Taxes May Change
Donald Trump has taken office and everyone is wondering what this means for taxes. That’s a big question! Tax policies and initiatives that are currently in place may change, according to all that he spoke about during his campaign. While we cannot yet know for certain what he will change or how it will impact […]