2014 HR Compliance Guide

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2014 HR Compliance Guide

We’ve developed an easy guide summarizing what your organization needs to know to stay compliant as it begins the New Year. The guide includes a summary of several regulations that take effect as well as important legal issues on the horizon.

Regulations that Take Effect

Below are several major regulations and initiatives will take effect January of 2014.
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2% Reduction in Social Security Withholding Taxes

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Courtesy of Oswald Companies

Thanks to the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010, there is going to be a 2% reduction in Social Security withholding taxes. We are encouraging Plan Sponsors to pass along this information to their employees and encourage them to take this and relocate it to their retirement savings in either an increase to their current contribution or new enrollment.

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