Feb 25, 2015 | GTM Business Blog isolved
Governor Cuomo announced on Tuesday a tipped employee minimum wage increase to $7.50 from $5 an hour on Dec. 31 of this year. The increase was ordered by the acting labor commissioner and will consolidate three categories of tipped workers — whose minimum hourly wages...
Feb 12, 2015 | GTM Business Blog isolved
The recently enacted Tax Increase Prevention Act of 2014 (TIPA), retroactively extended enhanced tax-free commuter benefits, but the extension lasts only through December 31, 2014. The IRS explains the complex rules for handling the retroactive increase in its Notice...
Jan 22, 2015 | GTM Business Blog isolved
The disabled access tax credit is one of the tax breaks available from the IRS to businesses when they accommodate disabled individuals. Here is a brief summary of three key tax breaks: 1. The disabled access credit A small business may be entitled to a nonrefundable...
Jan 2, 2015 | GTM Business Blog isolved
With the start of the New Year, the minimum wage rate will be increasing in nearly half the states. Our chart shows you at-a-glance which states saw increases (in red) and what the minimum wage rate is for each state in 2015. The 2015 minimum wage by state guide below...
Dec 26, 2014 | GTM Business Blog isolved
Effective next Wednesday, December 31, 2014, a New York minimum wage increase will occur, rising from $8.00 to $8.75 per hour. The minimum wage will further increase to $9.00 per hour on December 31, 2015. There is currently no planned increase in the minimum wage for...
Dec 22, 2014 | GTM Business Blog isolved
Congress Provides 2014 Tax Relief for Businesses On December 16, 2014, the Senate passed the Tax Increase Prevention Act of 2014 (TIPA), which the House passed on December 3. The act extends through December 31, 2014, certain tax relief provisions that expired at the...
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