Payroll compliance is one of the most complex, yet important areas of business management. And, that complexity is poised to grow even more challenging as the business landscape continues to evolve, and the regulatory environment shifts in response to economic, technological, and social changes.
From tax laws to wage and hour regulations, staying compliant with payroll regulations can be daunting, but for tax preparation firms, it’s essential. In this year-end 2024 Payroll Special Report, we’ll explore the biggest payroll compliance challenges businesses are facing today and preview emerging trends to monitor in 2025 and beyond.
Key topics in this report include:
• Understanding a web of regulations
• Remote work and compliance
• Data security and privacy regulations
• Benefits and compensation reporting
• Automation
• Technological expansion and complexity
• Artificial intelligence
• Preparing for the future
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