The State of California is implementing a phased in mandatory retirement program to improve workers access to retirement savings tools. Employers with five or more employees in California must either offer a qualified employer-sponsored retirement plan or participate in the state’s Individual Retirement Account (IRA) program known as CalSavers, effective June 30, 2022. Qualified Employer-Sponsored […]
Category Archives: Regulatory Compliance
Payroll Tax Deferral Confusion for Business Owners
On August 8, 2020 President Trump issued an Executive Memorandum allowing employees who make less than $104,000 per year to defer their payroll tax withholding starting September 1 through the end of 2020. The intent was to keep more money flowing through the economy to counteract the economic impact of the coronavirus pandemic and to […]
Corona Virus Causes Chaos for Small Employers
For small businesses, navigating employment related laws and regulations has long been a challenge. The COVID-19 outbreak has produced a double whammy for many companies. Many employers are dealing with a loss of revenue combined with increasing employer related costs due to newly expanded rules related to sick leave, paid family leave and expansion of […]
SSA Announces Higher 2020 Wage Cap
In order to fund Social Security benefits for millions of American citizens, employee wages are taxed up to a specified earnings limit, known as the taxable wage cap. The Social Security Administration recently announced changes to the maximum limit on earnings subject to the tax. In October 2019, the SSA announced that the taxable wage […]
New Overtime Rule Coming for Employers
New Overtime rules for employers effective January 1, 2020.
New Overtime Rules Proposed – Again
New rules for overtime proposed by US Department of Labor
Contractors for Federal Government Projects – Know the Wage Rules
How a Professional Employer Organization can assist contractors with prevailing wage compliance.
EPLI – Why Every Company Needs It
What is EPLI and why every company needs it
IRS Provides Tax Guidance for businesses using a Professional Employer Organization
The Tax Cuts and Jobs Act (TCJA) of 2018 provided significant tax breaks for business operation as “pass-though” entities where the income from the business is passed to the tax returns of the business owners. Sole proprietors, limited liability companies (LLCs), S corporations, and partnerships are all considered pass-through entities. The TCJA allows businesses to […]
The Gig Economy Shrinks?
A recent US Department of Labor study shows that the percentage of workers in an employer/employee relationship has increased in many industries despite the much discussed rise of the freelance or “gig” economy. According to an article in the June 8, 2018 Wall Street Journal: “The Labor Department’s Bureau of Labor Statistics released on Thursday […]