From the category archives:
The IRS has published publication 1494, Table for Figuring Amount Exempt from Levy on Wages, Salary and Other Income. This table shows the amount of an individual’s wages that are exempt from a Notice of Levy. The tables can be located on the IRS website.
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Do You Have an Extra Pay Period Next Year? When planning for a new calendar year, we often forget there could be an extra pay period for the upcoming year. Planning ahead prevents any last minute scrambling you may have to do for that extra pay. What causes an extra pay period you ask? It [...]
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If a recent news release from U.S. Secretary of Labor Hilda Solis is any indication, 2010 may prove to be a year of ramped-up enforcement from the U.S. Department of Labor (DOL). In her November 19 statement, Secretary Solis sent a clear message about the enforcement and outreach efforts occurring within the DOL’s Wage and [...]
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The state of New York now requires all new hires receive a written notice of their rate of pay, including the overtime rate of pay and their regular rate of pay. The New York Department of Labor provides Form LS 52, Notice and Acknowledgement of Wage Rate and Designated Payday – Hourly Rate Plus Overtime, [...]
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The limitation on the exclusion for elective deferrals described in IRS Section 402(g)(3) – for 401(k) type plans and Section 457 plans increases to $16,500 for 2009. The limit for 2008 was $15,500. Other pension plan limit amount changes are as follows: Defined contributions plans under section 415(c )(1)(A) increases to $49,000 The general definition [...]
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If your company uses the Cents-Per-Mile method of valuing the personal use of a company provided care, the rates have increased for 2010. The increases are as follows: Cars in Service in 2010 can only use this method if the market value is not more than $15,300 Maximum value for passenger trucks or vans increases [...]
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COBRA Premium Subsidies and the Stimulus Package — What does it mean for employers? Effective February 17, 2009, the American Recovery and Reinvestment Act of 2009 provides that certain individuals who are eligible for COBRA continuation of health coverage may receive a subsidy for 65% of the premium. That means that these covered individuals will [...]
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Effective February 2, 2009, the Department of Homeland Security along with the U.S. Citizenship and Immigration Agencies require use of a new Form I-9. The link to the new form is http://www.uscis.gov/files/form/I-9_IFR_02-02-09.pdf. You are no longer to use the current form. For more information on these changes go to http://www.uscis.gov.
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On January 16, 2009, the Department of Labor’s final rule on the Family and Medical Leave Act (FMLA) will go into effect. (Federal Register, 29CFR Part 825) The final rule is intended to reduce the likelihood of misinterpretation of the Act by employers, employees, health care providers, and courts. The final rule does not reduce [...]
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Optimum Solutions, Inc. becomes a “Front Runner” with the release of its newest version of Optimum Payroll, HR, and Time and Attendance HRIS Suite. Nashville, TN — December 18, 2008 — Optimum Solutions, Inc. today announced it will launch a new application using Microsoft SQL Server 2008, earning the company Front Runner status from Microsoft [...]
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