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After that, the threshold will be increased every three years, starting in 2028. Finally, although business groups have vowed to challenge the final rule in court, companies will need to ramp up their payrollsystems to comply with the new rule. 1,128 per week ($58,656 per year) on January 1, 2025.
Dear Payroll Innovators, Welcome to the 5th Edition of The Payroll Disruptors Digest ! Fresh off delivering a keynote at CloudPay’s Paymakers 2024 in Athens—an incredible event set against a backdrop of ancient history and mythology (and a much-needed escape from the UK rain) — I shared my vision of payroll in 2030.
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