On May 29, 2019, the California State Assembly passed Assembly Bill 25. The bill now moves to the state senate for a vote. If the state senate passes the bill, the California Consumer Privacy Act (CCPA) would be amended to specifically exclude job applicants, employees, agents, and contractors from the definition of “consumer,” thereby alleviating substantial obligations for employers whose only relationship to the new law were its employees.
A recent Information Letter issued by the Internal Revenue Service (IRS) on the taxation of employer-provided parking, although noncontroversial, serves as a useful reminder that “free” parking for employees may result in taxes for both the employee and the employer. IRS Information Letter 2014-0017 (June 27, 2014) explains that if…..
The Internal Revenue Service (IRS) announced last year that it would end its staggered five-year remedial amendment cycle system for individually designed retirement plans under the determination letter program due to budgetary constraints and a lack of resources. The remedial amendment cycle system had allowed plan sponsors to have the IRS approve the plan document language of their individually designed plans at regularly scheduled intervals. The cancelled program provided plan sponsors with significant legal protections, encouraged compliance with required changes in the law, and gave sponsors a blueprint for following the terms of the plan in operation.
The South Carolina Department of Labor, Licensing and Regulations (LLR) investigators are continuing to visit employer sites unannounced to enforce the South Carolina Illegal Immigration Reform Act. They are not only requesting documentation to prove that the employer is not “knowingly or intentionally” employing unauthorized workers, but they are also asking to speak to employees to question them on the employment verification process.