Returning Value Blog

New federal legislation is shaking up how tip income and overtime pay are taxed—at least temporarily. From 2025 through 2028, qualified employees could see major savings on their federal tax bill thanks to the No Tax on Tips Act and a new federal overtime deduction. Here’s what employers and employees need to know, and how it might (or might not) impact your paycheck. 

Hiring a new employee involves more than just onboarding and orientation. Two critical compliance requirements, E-Verify and state new hire reporting, must be addressed early in the employment process. These systems are essential for verifying work eligibility and meeting government mandates, and at FocusPay Solutions, we provide the tools and support to help you manage them effectively.

Managing payroll tax obligations is a critical part of running a business. For small and mid-sized companies, the risk of IRS penalties, interest charges, and compliance issues can be overwhelming.  The information below highlights common penalties imposed by tax agencies and offers suggestions to help employers ensure they meet IRS requirements.

As we approach 2025, it is essential for businesses to stay updated on recent changes impacting payroll, benefits, and compensation. This year brings several key updates, including an increase in the IRS standard mileage rate for business use, adjustments to 401(k) contribution limits, and a significant legal decision affecting overtime regulations. Below, we break down these changes and their implications for your payroll operations.