IRS


Avoiding Wage & Hour

The IRS, DOL ,and EEOC take aim at Employers for misclassification of individuals as independent contractors, or as exempt from the Fair Labor Standards Act. The agencies have discovered a easy revenue source. The Agencies have adopted a policy of strict enforcement, and employers have to make changes to their employment practices or pay penalties… Read more »


Employment Law Changes for 2014

Minimum Wage Increase and Resulting Salary Increase to Maintain Exempt-Employee Status (AB 10) The California minimum wage will increase to $9.00 per hour, effective July 1, 2014, and to $10.00 per hour effective January 1, 2016. A less-advertised consequence of this increase, however, is the impact it will have on the salary test for preserving… Read more »


IRS Announces 2014 Pension Plan Limitations.

IRS Announces 2014 Pension Plan Limitations; Taxpayers May Contribute up to $17,500 to their 401(k) plans in 2014 IR-2013-86, Oct. 31, 2013 WASHINGTON — The Internal Revenue Service today announced cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for the tax year 2014.  Some pension limitations such as those governing 401(k)… Read more »

Posted on December 13, 2013 by Rick Rossignol

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