The IRS is using the 1095C to ensure compliance with the affordable care act. They have finalized the form for 2015 reporting. Employers will have to complete the 1095C in 2016. Employers with 100 (50+ in 2016) and more employees are required to file these reports by February 2016 for 2015. The new reports are… Read more »
Human Resources
Minimum Wages
Minimum wages vary from state to state. There is a trend that cities within the states are passing their own minimum wages. Roughly 35 different locations have higher minimum wages than the Federal rate of $7.25. California not only has a state rate but different cities have passed minimum wages rates above the state rate…. Read more »
3 Tips for Managing Employee Records
The employer is the keeper of the record, and needs to keep records required by the different laws. The first thing to do is determine what records you need to have. 1. Determine which records you need to maintain. Employers may be required to keep certain types of records, such as payroll records and tax… Read more »
City Ordinances changing minimum wage in California!
California ranks 4th in the US, for minimum wage laws. However, four city ordinances have increased minimum wages in there city. Employers have to make sure they are in compliance with the minimum wages and benefits required by the city. In San Francisco, the City will gradually raise its minimum wage from its current rate… Read more »
IRS increases the limits of 401k
Limits That Increase for 2015 Are As Follows: –The annual Salary Deferral Limit for 401(k), 403(b), and most 457 plans, currently $17,500, increases $500 to $18,000. –The age 50 and up catch-up limit also increases $500, to $6,000 total. This means that the maximum plan deferral an individual age 50 or older in 2015 may… Read more »
Wage and Hour laws in California!
Wage and Hour laws are complicated. You have federal, state and city laws the rules that are most favorable to the employee is the rules that the company must follow. What makes a little more difficult is the minimum wage might be higher at the local level, but the rule for employee classification of exempt… Read more »
I-9 Audits on the rise.
We are seeing a sharp uptick in I-9 audits. Fines resulting from I-9 audits have exploded in recent years, and employers should put a high priority on making sure their policies and paperwork are in compliance. Failure to be in compliance with form I-9 leads to fines. Employer need to develop a program that enables… Read more »
Tips for Running HR
HUMAN RESOURCE TIPS As a business owner, you know your product, service, market, and customers. But sometimes one of the most challenging aspects of operating a business is employees. What keeps most employers up at night is employees. How do I keep them, how do I get them to perform, how do I terminate the… Read more »