Hi from all of us at Machen McChesney,

At FocusPay Solutions, we are committed to providing you with quality service and solutions that help simplify your process, allowing you to......run your business.

Here, you will find regular tips to help your organization be a more productive and efficient workplace.

Table of Content

1. Understanding Key Payroll Changes for 2025
2. Suspended Tip Scheme Gets Stake in the Heart
3. Retaining Payroll Records

Understanding Key Payroll Changes for 2025

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. Continue reading.

Suspended Tip Scheme Gets Stake in the Heart

A rule that a federal court suspended in August 2024 seems to be well and truly dead now. As the Society for Human Resource Management explained in a release, the DOL has withdrawn its 80/20/30 rule. This complicated rule, the SHRM noted, divided work into three categories: traditional tipped labor, supporting work preparing or assisting such work, and work that was unrelated to tipped work. Businesses could only apply the tip credit under certain circumstances, based on time spent and the specific categories. The details were complex — and became irrelevant thanks to a 5th Circuit ruling. Continue reading.

Retaining Payroll Records