Payroll Updates

Retirement Plan Automatic Enrollment, Catch-up Contribution Rules Proposed

Retirement Plan Automatic Enrollment, Catch-up Contribution Rules Proposed

Payroll Updates / By

By Federal Tax Update Staff Treasury and the IRS have proposed regulations on retirement plan automatic enrollment and catch-up contributions, incorporating changes under the 2022 SECURE 2.0 Act. (Preamble to Prop Reg REG-100669-24; IR 2025-09, 1/10/2025;Preamble to Prop Reg REG-101268-24; IR 2025-07, 1/10/2025) Automatic enrollment. The SECURE 2.0 Act added Code Sec. 414A, to require that certain newly-established 401(k) and 403(b) plans …

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Capitol building US

US House Panel Approves Repeal of Biden Independent Contractor Rule

Payroll Updates / By

By Daniel Wiessner, Reuters Summary: A Republican-led U.S. House of Representatives committee on Thursday advanced a proposal to repeal a Biden administration rule heavily criticized by trade groups that makes it more difficult for companies to treat workers as independent contractors rather than their employees. The House Committee on Education & the Workforce approved the …

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IRS Issues 2024 Version of Household Employer’s Tax Guide

Payroll Updates / By

By Payroll Update Staff The IRS issued the 2024 version of Publication 926, Household Employer’s Tax Guide. Publication 926. Publication 926 helps taxpayers determine whether they have household employees and are liable for federal employment taxes (i.e., Social Security, Medicare, FUTA, and federal income tax withholding). Specifically, the publication contains sections on determining if a taxpayer has a …

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Forms 1099-NEC and 1099-MISC and Instructions Updated

Payroll Updates / By

By Payroll Update Staff The IRS issued January 2024 versions of Form 1099-NEC, Nonemployee Compensation, Form 1099-MISC, Miscellaneous Income, and instructions. Form 1099-NEC.  All employers who remit nonemployee compensation of $600 or more must use Form 1099-NEC to report such payments (box 1). These include payments to independent contractors or specific professional fees, including to individuals, partnerships, estates, and …

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Content Alert: 2024 State Paid Family and Medical Leave Rates

Payroll Updates / By

By Payroll Update Staff A number of states established Paid Family and Medical Leave Insurance programs that provide wage replacement benefits to workers who take time off for qualified reasons such as the birth, adoption, or foster placement of a child, illness, family caregiving, and other life events. In general, these state programs require employer …

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SDA helped us put together a successful bid for creating our massive entertainment village in downtown Ft. Lauderdale. They're amazing to work with! Very professional and supportive. We look forward to continuing to work with SDA as we grow.
Jeff John, Damn Good Hospitality Group
JEFF JOHNCEO, Damn Good Hospitality Group
SDA served as a consultant for us while we were doing project management for a construction job. They have excellent business acumen, are highly professional and truly value being a partner with us. We enjoy our relationship with SDA and look forward to continued future success.
MARK BLANCHARD
MARK BLANCHARDVP Strategic Development, AECOM
We’ve worked with SDA for several years on various projects within our legal and finance departments. They also helped us secure a grant for our new practice facility in downtown Fort Lauderdale. SDA really is the smarter way to do business!
Matthew Caldwell
Matthew CaldwellPresident & CEO, Florida Panthers Hockey Club
Tanya and the SDA team have done a great job for us - especially in helping us navigate and resolve some complex issues surrounding our audit work. They've been a consultant for us for a number of years and have also been consistently supportive of our community efforts. We truly value our relationship with SDA.
W. Ajibola Balogun - City Manager, City of West Park
W. Ajibola BalogunCity Manager, City of West Park
SDA has always done excellent work. Our financial auditing and bond control reviews are completed thoroughly and timely, and their team has been very accessible to help us address and analyze key issues whenever they may arise. In short, they’re a solid business partner we’re grateful to have.
Jennifer Andreu
Jennifer AndreuFormer Assist. Super., Miami-Dade County Public Schools
We are so pleased with the experience that we’ve enjoyed over the past 20 years with SDA. All of you were so timely and resourceful, serving as a trusted business partner, assisting with our fiscal controls, handling our financial auditing, smart bonds work and more. We couldn’t be happier with your services.
Torey Alston
Torey AlstonBoard Member, Broward County School Board
As the mayor of one of South Florida’s leading cities, I know it takes an incredible team around you in order to achieve a citywide vision for your constituents. SDA is one of those highly reliable teams I’m proud to say supports us well in our efforts of continuous improvement, accountability and transparency for the people of the city of Miramar.
Mayor Wayne Messam
Mayor Wayne MessamCity of Miramar, Florida
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