Bloomberg Tax

Sanders Push for $17 Minimum Wage Resurrects Pay Raise Roadblock

Sen. Bernie Sanders is prioritizing a bill that would raise the federal minimum wage to $17 per hour, but he’s running into roadblocks inside and outside of the Democratic caucus.

Missouri Law Regulates Providers of Earned Wage Access Services

Missouri is regulating providers of earned wage access services, under a bill that will go into effect on Aug. 28.

Biden Tip Rule Again Survives Challenge From Restaurant Groups

A Department of Labor rule requiring restaurants to pay some tipped workers the full $7.25 minimum wage during their downtime has for the second time survived two restaurant groups’ legal challenge, a win for the Biden administration.

Illinois Updates Withholding Formula Following Tax Bill

Illinois updated its withholding formula July 5 after a tax bill signed June 7 by Gov. J.B. Pritzker (D) reduced the value of a state allowance to its 2022 level.

Form W-2

Webinar: US Payroll Midyear Outlook 2023

Payroll professionals need to ensure compliance with numerous new federal, state, and local requirements for 2023, especially as those that were established in response to the novel coronavirus pandemic have expired.

PRACTITIONER INSIGHTS

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Patrick Haggerty
Patrick A. Haggerty, Tax and Accounting Services
Patrick Haggerty
Patrick A. Haggerty, Tax and Accounting Services
Patrick Haggerty
Patrick A. Haggerty, Tax and Accounting Services

Latest Stories

Punching In: State Workplace Laws Left Unfinished Could Be Back

Bills that didn’t make it over the finish line in state houses across the US could preview workplace laws legislators prioritize next year. Meanwhile, a recent Supreme Court decision could inform a lower court’s ruling on the Deferred Action for Childhood Arrivals program.

Paid Family Leave Gains State Momentum as Approaches Differ

State legislators across party lines have increasingly sought to promote paid family and medical leave bills, even as differences of opinion remain substantial about whether to pursue mandatory, voluntary, or state-employee-focused policies.

Canada Extends Labour Code Notice Period

Changes to the Canada Labour Code that increase the required notice period and pay for terminated covered employees take effect Feb. 1, 2024, after the effective date was set by an order in council.

Tax Developments

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Cyprus Gazettes Law Amending Income Tax Exemption for Nonresident Individuals Employed in Cyprus

The Cypriot Official Gazette June 30 published Law No.51(I)/2023, amending an individual income tax exemption for Cypriot employment income of persons not resident in the country prior to the employment. ...

Gibraltar Tax Agency Announces Deadline, Issues 2022-23 Guide for Annual Employer Declarations

The Gibraltar Income Tax Office July 5 announced the July 31 deadline to electronically submit employers’ annual statements, declarations, and certificates. using Form P8, for the tax period of July ...

Italy Tax Agency Clarifies Residency, Taxation of Employment Income Under DTA With Switzerland

The Italian Revenue Agency July 4 issued Letter No. 370/2023, clarifying rules on tax residency and employment income under the 1976 DTA with Switzerland. The taxpayer moved to Switzerland from ...