FDA Approves New Weight Loss Drug Zepbound

The U.S. Food and Drug Administration (FDA) recentlyapproved Zepbound, further expanding the market ofgovernment-approved weight loss medication. Thenew injectable drug, which is made by Eli Lilly andCompany, is intended for use by adults with obesityor those...

Qualified Transportation Fringe Benefit Limits to Increase in 2024

The IRS has released Revenue Procedure 2023-34, which includes cost-of-living adjustments for employee qualified transportation fringe benefits for the 2024 taxable year, along with annually adjusted numbers for 2024 for other tax provisions. The combined monthly...

Health FSA Limit Increases for 2024

On Nov. 9, 2023, the IRS released Revenue Procedure 2023-34 (Rev. Proc. 23- 34), which includes the inflation-adjusted limit for 2024 on employee salary reduction contributions to health flexible spending accounts (FSAs). For plan years beginning in 2024, the adjusted...

Compliance Alert:  2024 FSA & Transportation Limits!

Today, the IRS released Revenue Procedure 2023-34 (Rev. Proc. 23-34), which includes the inflation-adjusted limit for 2024 on employee salary reduction contributions to health flexible spending accounts (FSAs) along with qualified transportation fringe...

2024 State Overtime Exemption Salary Levels

Under federal and state laws, employers must compensate their employeeswith one and one-half times their regular rate of pay for any hours ofovertime work. However, under these laws, employees who work in anexecutive, administrative or professional (EAP) capacity are...