A list of the most prominent compliance-related topics employers will face in 2023.
U.S. businesses have a long list of regulatory issues that affect them, and keeping up with changes can often be a challenge. Paychex, Inc., a provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, has developed a list of the most prominent compliance-related topics employers will need to contend with in 2023 and explores the legislative and regulatory context surrounding these issues.
This year, funding and tax credit eligibility rose to the top of the list, as business leaders manage the economic impacts of inflation and turn to programs like the Employee Retention Tax Credit and the Inflation Reduction Act. Businesses should also prepare for potential legislation and regulations that could impact how to classify workers, pay workers, and provide paid time off for their workers.
The company’s compliance professionals have identified the following topics as key considerations for employers in 2023:
#1 Small Business Funding. Despite the absence of any new federal programs to date, businesses can still take advantage of the funding opportunities carrying over from the COVID-19 pandemic, including:
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