Compliance Alert for January, 2025
From the pros at Mineral The following federal law changes take effect on January 1, 2025, unless otherwise noted. IRS Mileage Reimbursement Rate The IRS standard mileage rate will be 70 cents per mile driven for business purposes (up from 67 cents in 2024). This rate... Compliance Alert: Certify Your Retirement Plan in Maine Before Year-End
By the KMA team Ensure Compliance with Maine’s Retirement Savings Mandate All Maine employers with 5 or more employees, that have been in business for more than two years, are required to comply with the Maine Act to Promote Individual Retirement Savings before...
End of Year Best Practices for HR Professionals
By the KMA Team The end of the year is typically a demanding time for HR professionals as they work to ensure compliance, improve employee satisfaction, and prepare for the coming year. Here are some best practices from the KMA consulting team. 1. Review... Compliance Alert: USDOL Overtime Rule Struck Down in Texas Court
A federal district court in Texas has vacated the U.S. Department of Labor’s (USDOL) Final Rule, which sought to raise the salary thresholds for the executive, administrative and professional (EAP) exemptions under the Fair Labor Standards Act (FLSA). This ruling...