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Rules for Distributing W-2s
It’s usually during this month that employers have some employees asking about when they will receive their W-2s. Here is a brief overview of the rules for distributing W-2s to your employees. Employers must report all wages earned by employees to the Social...
White Collar Overtime Exemptions: Status Update
The proposed changes to the white collar overtime exemptions of the Fair Labor Standards Act (FLSA) are looming large in the minds of many employers. These rules, proposed in June 2015 and expected to be finalized sometime in 2016, would more than double the salary...
New York State Minimum Wage Changes for 2016
The end of 2015 is only two months away, so it’s time to start thinking about impactful changes coming next year. The one that may affect your business the most is regarding the minimum wage, because there is not just one change coming, but three New York State...Social Security Wage Base for 2016
Yesterday the Social Security Administration (SSA) announced that the Social Security wage base for 2016 will remain the same as 2015 – $118,500. Two other items remain unchanged from this year: all covered wages are still subject to the 1.45% Medicare tax, and...
