Small business owners are a hard-working lot and when there are employees who are working hard alongside them, they recognize that and want to reward those efforts. Special cash and gift bonuses and awards come to mind, but that opens up a whole slew of questions because there are rules as to what is and is not taxable as income. It’s complicated for a business owner, but don’t let that keep you from rewarding valuable employees. Here’s some information that will help you make good decisions about employee perks. (more…)
The Internal Revenue Service (IRS) has issued the new (percentage method) payroll withholding tables for 2018 along with notification that the W-4 Form is in the process of being updated to reflect the new tax law. For the moment, no new form is required and employers should retain the existing forms for all employees. In addition to recalculating the new payroll tax deduction, there are a several other changes for employers to consider. (more…)
Employers in all states must make sure that their state labor law posters are up-to-date on a regular basis. Here are a few state changes and their effective dates:
- Minimum wage increases effective 1/1/18, for Alaska, Arizona, Colorado, Florida, Maine, Minnesota, Missouri,Montana, New Jersey, Ohio, Rhode Island, South Dakota, and Washington.
- Minimum wage increase effective 12/31/17 for New York.
- Transgender rights and discrimination laws in California effective 1/1/18.
- OSHA laws effective 1/1/18, and wage and hour laws effective 7/10/17, in Hawaii.
- Rules to be Observed by Employers in Nevada effective 7/1/17.
- Wage and Hour Notice to Employees in North Carolina, effective 12/31/17.
- Reasonable Accommodations for Pregnancy in Vermont, effective 1/1/18.
All employers in these states should check their state employment law posters to make sure that they are up-to-date with the new laws effective immediately. For additional information on these new updates, please contact us at www.newfocushr.com