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Breaking News on Recent Updates to Payroll Rules and Regulations

Breaking News Red

This day before Thanksgiving brings new developments regarding anticipated changes in payroll rules and regulations.

The Overtime Rule

We recently shared the news that new payroll regulations going into effect December 1, 2016, would raise the salary threshold for overtime pay. Yesterday, a federal judge in the U.S. District Court for the Eastern District of Texas halted this new overtime rule while proceedings continue in a lawsuit filed against it. Until a final decision is reached, employers may continue to follow the existing overtime rule. The Society for Human Resource Management has the complete report here.

Pennsylvania/New Jersey Payroll Tax Change Reversal

Governor Chris Christie has reversed his decision to end the reciprocal payroll tax agreement between New Jersey and Pennsylvania on December 31, 2016. The new arrangement would have made Pennsylvania residents working in New Jersey subject to New Jersey income tax and New Jersey residents working in Pennsylvania subject to the Pennsylvania income tax.

With this reversal, the 40-year-old reciprocal agreement, which allows commuters to pay income tax to the state where they live instead of the state where they work, will remain intact.

If you have any questions about these new developments or other payroll concerns, please contact us. We are here to be your guide.

 

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