The SECURE 2.0 Act passed in December 2022, builds upon the original SECURE Act of 2019 and aims to enhance retirement savings and expand access to retirement plans. Looking ahead to 2025, several key changes are set to take effect that could impact both employers and employees alike. Here’s a quick overview of the key […]
SECURE 2.0: Key Changes & Updates for 2025 Read More »
General Now that we are well into 2024, it is very important that you conduct an internal semi-annual review to ensure your company’s policies and procedures are following the latest Federal/State/Local laws and regulations. It is highly recommended to consult with your Labor Law Attorney, Legal counsel, and/or HR consultant(s) to review your companies distinct obligations. Examples
Spring Cleaning Newsletter: Laws & Policies Read More »
On October 4, 2023, Governor Gavin Newsom signed Senate Bill 616, which amends the Healthy Workplaces, Healthy Families Act by expanding the mandatory requirements for Paid Sick Leave in California. Previously, employers were required to provide at minimum 3 days of Paid Sick Leave to CA employees. This update increases the minimum amount of Paid
CA Expands Paid Sick Leave in 2024 Read More »
What is Secure 2.0? On December 29, 2022, the Secure 2.0 Act was signed into law by President Biden as part of the Consolidated Appropriations Act of 2023. The Act has 92 provisions aimed at increasing savings, boosting business incentives, and providing participants with more flexibility when saving for retirement. The SECURE Act (Setting Every
Securing Your Retirement Future – What You Need to Know About the Secure 2.0 Act Read More »
On Sept 27, 2022, Governor Gavin Newsom signed Senate Bill 1162, also known as the Pay Transparency Act which went into effect Jan 1st 2023. California now joins Colorado, Washington, New York City and other local jurisdictions, expanding pay scale transparency and pay data reporting requirements. Read on to see what this can mean for
CA Pay Transparency Law [SB1162] Read More »
It is no surprise that a large portion of American workers are not prepared for a comfortable retirement. With the relentless rising costs in California, and fewer opportunities for employees to invest in retirement accounts through employers, California implemented the California Savers Retirement Program on September 30th 2020. CalSavers, a state mandated law, is designed
CalSavers Retirement Program Read More »
Congratulations, you completed another payroll! While it may feel like your job is done, there are important post-payroll to-do’s that are not a part of the payroll processing checklist. Check out these additional post-payroll considerations to include as your standard process to make sure you complete payroll, A-Z! 1. Check your email for your payroll
I Finalized Payroll – Now What? Read More »
Whether you are a new employee or just needing to update your withholdings, your employer will request you to fill out the Federal W-4 Form. Up until 2020, most people understood that they would just need choose their filing status (S/M/H) and the # of allowances. However – as of 2020, the IRS redesigned the
Understanding the Federal W-4 Form Read More »
It is pay day, finally! Although most people are ready to pull off the stub & cash in, its important to review your entire pay statement to ensure accuracy. Below we will review each section on a pay statement: Section 1 : Earnings This section displays the gross hours & earnings paid to the employee
Understanding Your Pay Statement Read More »
It is that time of year again – Tax Filing! By now, you should have received your 2022 W2 Form. Although it may look like gibberish and you feel like your just a middle man to your tax provider, it is important for you to understand what is on your W2. To help you understand
Understanding Your W2 Read More »
Hiring your dream team?! Employment does not have to stop at the state line! Whether you have remote employees, live near a border, or are just wanting to expand your geographic footprint – do not let the uncertainty of “how-to” stop you from growing your business. With the onset of COVID-19 and the shift to
Out of State Employees Read More »
So, you have decided to start a business – congratulations! You have spent time thinking about what product or service you will provide, developed a business plan, and know who your target audience is. And while creating a brand, name, and scoping out your competition is exciting, what comes next? How do you get up
Startup Next Steps Read More »
One of the biggest stressors that administrators face is having a thorough knowledge of compliance rules and regulations, all while trying to stay up to date and current with new bills & laws that get passed regularly. One of the biggest compliance topics – FLSA Overtime! Failing to comply with the FLSA Overtime laws is
Although year end for most is embellished with holiday spirit, singing, mistletoe, and family, Payroll & HR professionals also have the added “cheer” of closing out the year and getting all their important employment compensation information recorded. With the coronavirus, masses of employees working from home, as well as the impending IRS deadlines, it is
Is your business prepared for year end? Read More »
On Sept 30th, 2020, California’s Governor Gavin Newsom signed into law Senate Bill 973, a bill which enacts extensive pay reporting requirements for employers to help reduce gender and racial pay gaps. Starting in 2021, SB 973 requires businesses with 100+ employees to submit annual pay data reports by gender, race, and ethnicity to the
California’s New Employer Pay Data Reporting Requirements [SB 973] Read More »
Starting Tax Year 2020, the IRS announced they will be bringing back the form 1099-NEC for reporting non-employee compensation. This historic tax form, last used in 1982, has circumvented its way back into use because of due date discrepancies on the 1099-MISC, caused by the Protecting Americans from Tax Hikes (PATH) Act of 2015. To
1099-NEC vs 1099-MISC Read More »