--- title: 3 Compliance Changes Impacting Business Owners in 2020 - Ahola description: Payroll and HR-related regulations are constantly changing on the state and local level, often times distracting business owners from their core operations. image: https://blog.ahola.com/hubfs/Imported_Blog_Media/canstockphoto77636430-scaled.jpg --- Start typing and press Enter to search * * # 3 Compliance Changes Impacting Business Owners in 2020 [Home](https://www.ahola.com/) » [News & Events](https://blog.ahola.com/3-compliance-changes-impacting-business-owners-in-2020) » 3 Compliance Changes Impacting Business Owners in 2020 [2020-02-28%2015:59:12](2020-02-28%2015:59:12) ![](https://blog.ahola.com/hubfs/Imported_Blog_Media/canstockphoto77636430-scaled.jpg) ## 3 Compliance Changes Impacting Business Owners in 2020 By [ aholaadmin ](https://blog.ahola.com/author/aholaadmin)  Posted [ February 28, 2020](2020-02-28%2015:59:12)  In  [Payroll](https://blog.ahola.com/tag/payroll), [Human Resources](https://blog.ahola.com/tag/human-resources), [Tax Compliance](https://blog.ahola.com/tag/tax-compliance), [Trending Topic](https://blog.ahola.com/tag/trending-topic), [Employees](https://blog.ahola.com/tag/employees), [Hiring](https://blog.ahola.com/tag/hiring) - - - - - > *On December 5, 2019, the IRS released the final version of the 2020 W-4. The form has major changes…* Small business owners wear a lot of hats – from sales and operations to HR and finance. Payroll and HR-related regulations are constantly changing on the federal, state and local level, often times distracting business owners from their core operations. Here are 3 compliance changes that will impact business owners and HR professionals in 2020. ### 1. 2020 Minimum Wage Compliance Effective January 1, 2020, [**more than 20 states, including Ohio**](https://www.ahola.com/2020-minimum-wage-changes-by-state/), increased minimum wage rates (2020 Ohio Minimum Wage set at $8.70). State Legislatures are also establishing Payroll Fraud Enforcement Units, cracking down on employers paying less than legally mandated minimums. ### 2. IRS Releases new 2020 W-4 On December 5, 2019, the IRS released the final version of the 2020 W-4.[** The form has major changes**](https://www.ahola.com/irs-releases-new-form-w-4-in-2020/) and been updated to reflect the changes enacted by the Tax Cuts and Jobs Act of 2018. All new employees first paid after 2019 must use the new form. Similarly, any other employee who wishes to adjust their withholding must use the new form. ### 3. DOL Raises Overtime Floor As noted in a [**September 24, 2019 statement**](https://www.ahola.com/dol-issues-new-overtime-ruling/), the DOL has updated “the earnings thresholds necessary to exempt executive, administrative or professional employees from the FLSA’s minimum wage and overtime pay requirements. The Department estimates that 1.2 million additional workers will be entitled to minimum wage and overtime pay as a result of this change. While most business owners don’t have a background in HR, all business owners are held to the same compliance standards. With constant compliance changes, business owners must stay apprised of these changes to remain in compliance. Need assistance with payroll and HR compliance? [**Contact us today**](https://www.ahola.com/request-a-demo/). Copyright © 2020 ### Reply a Comment ## RELATED POSTS [![](https://blog.ahola.com/hubfs/Ohio%20500-1.png) ](https://blog.ahola.com/jeff-ahola-ceo-named-to-ohio-business-magazines-ohio-500-0) [Jeff Ahola, CEO, Named to Ohio Business Magazine's Ohio 500](https://blog.ahola.com/jeff-ahola-ceo-named-to-ohio-business-magazines-ohio-500-0) [![](https://blog.ahola.com/hubfs/canstockphoto21083441.jpg) ](https://blog.ahola.com/payroll-hr-year-end-checklist) [Payroll & HR Year-End Checklist](https://blog.ahola.com/payroll-hr-year-end-checklist) [![](https://blog.ahola.com/hubfs/calc.jpg) ](https://blog.ahola.com/compliance-update-2022-ohio-minimum-wage-changes) [[Compliance Update] 2022 Ohio Minimum Wage Changes](https://blog.ahola.com/compliance-update-2022-ohio-minimum-wage-changes) ## SUBSCRIBE ### Recent posts - [Professionalizing HR Without Losing Your Family Culture ](https://blog.ahola.com/professionalizing-hr-without-losing-your-family-culture) - [Why Encouraging Employees to Take Summer Vacation Benefits Your Workplace ](https://blog.ahola.com/why-encouraging-employees-to-take-summer-vacation-benefits-your-workplace) - [Ahola Named a 2026 Top Workplace — Six Years Running! ](https://blog.ahola.com/ahola-named-a-2026-top-workplace) - ### Topics - [Affordable Care Act (13)](https://blog.ahola.com/tag/affordable-care-act) - [Benefits (223)](https://blog.ahola.com/tag/benefits) - [Cybersecurity (1)](https://blog.ahola.com/tag/cybersecurity) - [Employee Engagement (255)](https://blog.ahola.com/tag/employee-engagement) - [Employees (603)](https://blog.ahola.com/tag/employees) - [Family Business Insights (10)](https://blog.ahola.com/tag/family-business-insights) - [Hiring (282)](https://blog.ahola.com/tag/hiring) - [Human Resources (645)](https://blog.ahola.com/tag/human-resources) - [Laws/Policies (26)](https://blog.ahola.com/tag/laws-policies) - [Managing COVID-19 (153)](https://blog.ahola.com/tag/managing-covid-19) - [News Release (56)](https://blog.ahola.com/tag/news-release) - [Offboarding (3)](https://blog.ahola.com/tag/offboarding) - [onboarding (7)](https://blog.ahola.com/tag/onboarding) - [Payroll (428)](https://blog.ahola.com/tag/payroll) - [Recruiting (142)](https://blog.ahola.com/tag/recruiting) - [Safety (121)](https://blog.ahola.com/tag/safety) - [Tax Compliance (230)](https://blog.ahola.com/tag/tax-compliance) - [Time & Attendance (124)](https://blog.ahola.com/tag/time-attendance) - [Training & Development (214)](https://blog.ahola.com/tag/training-development) - [Trending Topic (75)](https://blog.ahola.com/tag/trending-topic) - [Uncategorized (1)](https://blog.ahola.com/tag/uncategorized) - [Webinars (69)](https://blog.ahola.com/tag/webinars) - [Workers Comp (1)](https://blog.ahola.com/tag/workers-comp) [see all topics](https://blog.ahola.com/3-compliance-changes-impacting-business-owners-in-2020#) ### GENERAL DISCLAIMER This blog is for informational and educational purposes only. It does not constitute legal advice, and cannot constitute legal advice, because the authors are not licensed attorneys. Readers should not rely or act upon any information presented on this blog without seeking professional legal counsel. The views expressed in each post are those of the author, and the author alone; they are not the views of Ahola. The information provided in this blog is general, and based on information available as of the date of publishing. Information herein is provided on an “as is” or “as available” basis; we make no warranty of any kind to you regarding the information provided and disclaim any liability for damages from use of the blog or its content. Please consult an attorney to obtain advice with respect to any particular question or issue. [![](https://blog.ahola.com/hubfs/Imported_Blog_Media/sick-1.jpg) Employer Responsibilities Regarding Coronavirus On December 5, 2019, the IRS... ](https://blog.ahola.com/employer-responsibilities-regarding-coronavirus) [![](https://blog.ahola.com/hubfs/Imported_Blog_Media/kimzy-nanney-b2hacjfk_cm-unsplash-scaled.jpg) Trending Topic: Medical Marijuana in the Workplace On December 5, 2019, the IRS... ](https://blog.ahola.com/trending-topic-medical-marijuana-in-the-workplace)