11 updates tagged payroll.
On Aug 6, 2026 the IRS issued Fact Sheet FS-2026-13, replacing its January guidance on OBBBA's new deduction for qualified overtime compensation. Employers must now separately repo…
The Fair Work Commission's 2026 Annual Wage Review (handed down early June 2026) raised modern award minimum wages by 4.75% and set the National Minimum Wage at $26.44 per hour ($1…
From 1 July 2026, Australian employers must pay employees' superannuation at the same time as wages instead of quarterly, with contributions generally needing to reach the employee…
From the first full pay period starting on or after 1 July 2026, all Australian employers must pay employees' superannuation on each pay run, and contributions must reach the emplo…
For the 2026/27 tax year (from 6 April 2026), employer Class 1 National Insurance remains at 15% and the secondary threshold at which it becomes payable stays at £5,000 per year, c…
From April 1, 2026 through September 30, 2027, Swedish employers pay reduced social-security contributions of 20.81% (instead of the standard 31.42%) on monthly wages up to SEK 25,…
From 1 July 2026, Australian employers must remit Superannuation Guarantee contributions so they reach employees' funds within 7 business days of each payday, replacing the old qua…
Under the One Big Beautiful Bill Act, beginning with tax year 2026 employers must separately report qualified tips and qualified overtime on Form W-2 so employees can claim the new…
New York's minimum wage is $17 per hour downstate and $16 per hour upstate. The salary threshold for the executive and administrative exemptions is $1,275.00 per week, or $66,300 p…
For 2026 California's State Disability Insurance (SDI) employee withholding rate increases to 1.3%, up from 1.2% in 2025, per the EDD (form DE 3395). Since January 1, 2024 there is…
Under the OBBBA, workers can deduct up to $25,000 in qualified tips and $12,500 in qualified overtime ($25,000 joint) for tax years 2025-2028, phasing out above $150k/$300k income.…