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Archive for the News Category

New York City’s Earned Sick Time Act – Paid Sick Leave: What Employers Need To Know

An employer with 5 or more employees must provide up to 40 hours of sick leave every calendar year (January 1st to December 31st  ). Sick leave is accrued at the rate of one hour for every 30 hours worked, up to a maximum of 40 hours

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New Overtime Rules Proposed: What you need to know

The Department of Labor (DOL) issued proposed changes to the overtime exemptions under the Fair Labor Standards Act (FLSA). The proposal would make substantial increases to the minimum salary requirement for white collar exemptions. Adjusting to the DOL’s New Overtime Rules: At last the Department of Labor

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Compliance Alert: If you are required to file a 1099 did you or will you file all required 1099’s?

May 13, 2015 ALERT: Since the enactment of the ACA “Obama Care”: A “check the box” question appeared on all business tax returns including schedule C form 1040: The question is “if you are required to file a 1099 did you or will you file all required

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Take Your Payroll from Worst to First in 4 Easy Steps

Payroll should be a breeze. Unfortunately, for many companies, it’s anything but. Staying on top of payroll can be a time-consuming and stressful process, especially when relying on outdated payroll methods to get the job done. With IRS penalties and great employees awaiting payday, it’s best to

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Annual Wage Notice Repealed in NY

We just learned that on December 29, 2014, NY Governor Andrew Cuomo signed into law a bill that eliminates the burdensome annual wage notice requirement under the Wage Theft Prevention Act (that before February 1 of each year, employers notify & receive written acknowledgement from every worker

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Wage Theft Prevention Act

Proposed amendments to the WAGE THEFT PREVENTION ACT that would have eliminated an employer’s obligation to provide annual wage notices has not yet been enacted into law. Until a law making changes to the annual wage notice requirement is in place, all employers must provide a notice

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Employer-Provided Health Insurance and the “Affordable Care Act”

The Internal Revenue Service (IRS) released draft instructions for Forms 1094B, 1094C and 1095-C, and other forms required by the Affordable Care Act (ACA). Employers that are subject to the ACA employer “shared responsibility” mandate will use the new forms to report health insurance coverage offered under

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Records Required For New Hires

To comply with certain federal and state laws, an employer must complete new hire paperwork when bringing a new employee on board. The following is an overview of what new hire forms are required, and how employers can satisfy these requirements: Notice of Health Coverage Options: Under

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Notice of Employee Rights

In June 2013 the NYC Council passed the EARNED SICK TIME LAW into law. The law went into effect on April 1, 2014. The Earned Sick Time Act will provide paid sick time to nearly 1.2 million working New Yorkers.  It will ensure that workers-even in the

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NYS Dept. of Labor Final Regulations on Wage Deductions

New York amended Section 193 of the Labor Law to expand those instances where employers may lawfully make deductions from employee wages. Consistent with the 2012 amendments, the New York Department of Labor (DOL) issued final regulations that clarify the types of permissible wage deductions and established

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