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Trendspotting: Top Ten Payroll Issues of State Legislatures

ThomsonReuters

States eye workforce as a legislative priority for payroll The majority of state legislatures began their legislative sessions this January. A flurry of bills is being proposed in the payroll space — many having to do labor and employment. per hour by 2027. The state has two minimum wage bills. The state has two proposals.

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Last Week in Payroll: Localization of Work

ThomsonReuters

This credit is in effect for tax years 2022 through 2027. The post Last Week in Payroll: Localization of Work appeared first on Tax & Accounting Blog Posts by Thomson Reuters. The blood drive may not be open to non-employees. The credit is a $20 credit for each qualified donation. Total credits are capped at $500,000 per year.

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This Accounting Job Will Become Scarcer in the Next Five Years, WEF Predicts

CPA Practice

One of the most interesting parts of the report looks at the jobs market outlook for the next five years (2023-2027). During that time, 69 million jobs are expected to be created—but 89 million jobs are expected to be lost. That’s a net loss of 14 million jobs, or 2% of the ones available today.

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Freelancer Payments Turn Traditional Payroll On Its Head

PYMNTS

That figure could rise to 50 percent, it estimates, by 2027. ” Unlike salaried or hourly workers on a traditional payroll, freelancers often act more like a B2B vendors than employees when it comes to getting paid. working population. It’s not a U.S.-only France and the Netherlands, according to IPSE.

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What We’re ERC’ing With the Employee Retention Credit

Withum

It is a refundable payroll tax credit that applies to certain wages paid to employees starting March 13, 2020. For RSUBs that claim the ERC for the third or fourth calendar quarters of 2021, the deadline to file is April 15, 2027. Below are the facts about these claims, which we hope clears up the confusion.

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Pizza Parties In Lieu of Compensation: A Comprehensive History

Going Concern

When did pizza establish itself as a corporate reward far more valuable than a few extra digits in a payroll ledger? 21 May 2027. But how did corporate America get the idea to offer pizza parties in lieu of money? National Pizza Party Day dates. 19 May 2023. 17 May 2024. 16 May 2025. 15 May 2026. 19 May 2028. 18 May 2029. 17 May 2030.

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Navigating California’s SB 253 and SB 261: What Companies Need to Know 

Withum

By 2027, Scope 3 emissions reporting kicks in. Safe harbors exist for Scope 3 emissions, protecting companies from penalties for reasonable, good-faith misstatements between 2027 and 2030. What It Means for Companies Starting in 2026, companies must report their Scope 1 & 2 emissions for the previous year.