Changes To Keep An Eye Out For
Over the next few months there are potential changes coming that may affect how you treat your staff. Here are a few of them.
- A new Form W-4 is expected to go into effect in 2020. The draft form has some major revisions to not only the layout, but the information collected. The object of the new form is to increase the accuracy of income-tax withholdings for employees.
- Proposed FLSA changes are expected to be announced at any time and to take affect prior to the end of 2019. Under the current law, employees with weekly pay of less than $455 ($23,660 annually) must be classified as non-exempt and are subject to overtime pay for all hours worked over 40 per work week. The proposed new rule will increase that weekly pay to $679 ($35,308 annually).
- The Form I-9 expired on August 31, 2019, however, the Department of Homeland Security (DHS) has directed employers to continue using the current form until a new version is published. DHS may release a new form and/or revisions to the current form and instruction. For more details on the Form I-9 see Amanda Dennis’ article.
Follow Ketel Thorstenson on social media for future updates.
Latest posts by Amanda Dokter (see all)
- Changes To Keep An Eye Out For - September 30, 2019
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- Public Comment Open to IRS on Draft Form W-4 - June 19, 2019