by Mary Doherty | Sep 21, 2023 | Human Resources, News
Illinois is the ninth state to pass a pay transparency law, which requires employers with 15 or more employees to disclose pay scales and benefits for both new jobs and promotional opportunities in their job postings. Even though the new pay transparency law does not...
by Mary Doherty | Sep 20, 2023 | News, Tax Planning
In the face of a flood of illegitimate claims for the Employee Retention Tax Credit (ERTC), the IRS has imposed an immediate moratorium through at least the end of 2023 on processing new claims for the credit. The reason the IRS cites for the move is the risk of...
by Mary Doherty | Sep 12, 2023 | Business Planning, Estate Planning, News, Tax Planning
In December 2022, President Biden signed the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act. Among other things, the sweeping new law made some significant changes to so-called catch-up contributions, with implications for both employers and...
by Mary Doherty | Sep 5, 2023 | News
The IRS has confirmed that a programming glitch resulted in notices being sent to some plan sponsors for late filing of 2022 Form 8955-SSA. The glitch has been fixed, and the IRS is working on a newsletter article to notify taxpayers and to provide instructions to...
by Mary Doherty | Aug 24, 2023 | Human Resources, News
Illinois employers hiring day and temporary workers as well as staffing agencies providing this type of worker to clients have increased responsibilities due to law changes signed by Governor Pritzker on August 4, 2023. The new “equal pay for equal work” laws mandate...
