Compliance Corner

Settlements Subject to Non-Disclosure Agreements Are Not Deductible

Wednesday, January 17, 2018
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TotalSource - WFN (News)
The tax bill signed into law on December 22, 2017, includes a provision aimed at stemming the use of nondisclosure agreements in settlement of sexual harassment and sexual abuse claims. The bill prohibits the deduction of settlement payments and attorney’s fees if the payment is subject to a nondisclosure agreement.

2018 Statutory Change Matrix

Wednesday, January 17, 2018
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TotalSource - WFN (News)
Click the above link to review the various statutory changes for 2018.

Department of Labor Announces Change in Intern Test

Tuesday, January 16, 2018
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TotalSource - WFN (News)
On January 5, 2018, the United State Department of Labor announced that it would no longer adhere to the six-factor test originally adopted in 2010 to determine whether or not students can properly be considered interns under the Fair Labor Standards Act. The Department of Labor announced that it will now base determinations on the “primary beneficiary” test, which has been adopted by many federal courts.  

New Tax Reform Legislation Signed into Law

Thursday, January 4, 2018
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TotalSource - WFN (News)
H.R. 1, the Tax Cuts and Jobs Act (the Act), was passed by both the House and Senate on December 20, 2017, and signed into law by President Trump on December 22, 2017. The Act includes several significant changes that are relevant to employers for payroll, employment tax and employee benefits purposes.

State-Specific Separation Notices Available

Tuesday, January 2, 2018
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TotalSource - WFN (News)
In fourteen states, a separation notice is required to be given to terminating employees. The fourteen states are: Arizona, California, Connecticut, Georgia, Illinois, Iowa, Louisiana, Massachusetts, Michigan, Nevada, New Jersey, New York, Pennsylvania, and Tennessee. 
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