article thumbnail

Treasury’s On-Demand Pay Proposal Shows IRS’s Concern with Constructive Receipt, Says Tax Services Director

ThomsonReuters

says that the Treasury Department’s proposal to clarify the tax treatment of on-demand pay arrangements makes it “clear” that the IRS is concerned with the constructive receipt issue of this trending employee benefit. A tax services director in Washington D.C.

article thumbnail

Why FedNow, Postal Banking Might Find Spotlight in November’s Elections

PYMNTS

As detailed last month by a task force constructed by Biden and one-time rival for the nomination Vermont Sen. Everyone should have Fed accounts, and families and individuals, taking advantage of real-time payments, would not have to wait days for checks to settle. Faster Payments On The Agenda.

Vermont 99
article thumbnail

ESG Payroll Spotlight: Just Transition for the Workforce Toward a Net-Zero World

ThomsonReuters

Developers are also required to pay construction employees a prevailing wage and benefits as prescribed by state law. . Vermont Climate Council. Initial Vermont Climate Action Plan. Illinois Clean Jobs Workforce Network Program. The state’s? Clean Jobs Workforce Network Program ? The state also has an? The state’s?

payroll 95