ASAE Joins Chamber Letter Opposing Payroll Tax Order

ASAE joined the U.S. Chamber of Commerce and more than 30 other associations this week in a letter urging congressional leaders and Treasury Secretary Steven Mnuchin to enact tax relief for American families that does not rely on a payroll tax deferment. President Trump issued an executive order this month that allows employers to defer… Read more »

Trump’s Payroll Tax Deferral Raises Questions

President Trump’s executive action last weekend to defer collection of payroll taxes forces employers, including associations, to make some difficult choices in the weeks ahead. Trump’s executive order defers payroll taxes from Sept. 1 through the end of December, meaning companies have just weeks to figure out whether the order is mandatory and modify payroll… Read more »

403(b) and 457 Retirement Plans Under New Scrutiny

The US Securities and Exchange Commission (SEC) recently sent letters to companies that administer Section 403(b) and 457 retirement plans to investigate whether violations of federal securities laws have occurred in administering the plans. The SEC wants details on how the plan administrators choose investment options and police themselves amidst conflicts of interest. The investigation,… Read more »

Labor Department Issues Final Overtime Rule

The Department of Labor on Sept. 24 issued a final rule that will make overtime pay available to 1.3 million additional workers. The new rule, which will take effect Jan. 1, 2020, will raise the annual salary level at which companies will have to pay overtime to exempt workers from $23,660 to $35,568. Workers earning… Read more »