On February 11, the Treasury Department rolled out a new round of changes to the Affordable Care Act (ACA). The changes will affect medium and large employers, as well as some teachers and volunteer workers. Here are the highlights:
The President of the United States, our champion of income equality, has once again called on Congress to raise the minimum wage from its present level of $7.25 per hour up to $10.10 per hour, a salary increase of just under 39 percent.
The Supreme Court's rejection of the Defense of Marriage Act (DOMA) was big news in 2013. And in 2014, it has big payroll tax implications for employers who offer cafeteria benefits to same-sex spouses.
What do you think of payroll? Does your firm consider payroll services as a significant component of your offerings?
For professional accounting firms, payroll services have been somewhat of a roller coaster ride over the past couple of decades...