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Large Employers May Soon Have to Report Pay Data

Late last week the Equal Employment Opportunity Commission (EEOC) announced a proposed change to the annual Employer Information Report, or EEO-1, which would require that employers with more than 100 employees report pay data in addition to the information they currently provide on race, ethnicity, sex, and job category. The proposed rule was published in the Federal Register on February 1. The comment period is now open, and will close on April 1, 2016. If the proposed revision is adopted, private employers and federal contractors with over 100 employees would be required to submit data on employees’ W-2 earnings and hours worked. Federal contractors with 50-99 employees would continue

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Federal Contractor Minimum Wage Increase

The minimum wage for federal contractors will increase to $10.15 per hour as of January 1, 2016. The wage requirement applies to new and replacement contracts (solicited on or after January 1, 2015) with employers covered by the Service Contract Act or any employer who handles concessions and services in connection with Federal property or lands. We recommend that employers review the pay rates of their employees and plan any changes necessary to comply with the rate increase. Also of note for federal contractors: starting this January, employers with federal contracts entered into or modified after January 11, 2016 and totaling more than $10,000 may not discharge or in any other manner dis

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Home Care Rule in Effect

As of October 13, the Department of Labor’s (DOL) Home Care Final Rule is in effect. The Home Care Final Rule, which greatly narrows the home health care and companionship services exemption under the federal Fair Labor Standards Act (FLSA), was slated to go into effect in January 2015. In late December 2014, however, a federal judge struck down its two main provisions, thus delaying its implementation. The DOL appealed, and the Court of Appeals ruled in their favor. Most recently, the Supreme Court announced that it wouldn't hear the further appeal of the case, which cleared the way for the rule to proceed. The Final Rule will make almost two million home care workers who were previousl

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New IRS Resource helps Employers Understand the Health Care Law

The new ACA Information Center for Applicable Large Employers page on IRS.gov features information and resources for employers of all sizes on how the health care law may affect them if they fit the definition of an applicable large employer. The web page includes the following sections: What's Trending for ALEs How to Determine if You are an ALE Resources for Applicable Large Employers Outreach Materials. Visitors to the new page will find links to: Detailed information about tax provisions including information reporting requirements for employers Q & A Forms, instructions, publications, health care tax tips, flyers and videos. Although many employers will not be affected,

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President Obama Mandates Paid Sick Leave for Federal Contractors

On September 7, Labor Day, President Barack Obama signed an executive order requiring federal contractors to offer their employees up to seven paid sick days annually, depending on the number of hours employees work. According to the White House, the order will benefit about 300,000 workers. The president also urged Congress to pass legislation guaranteeing similar benefits to private-sector workers. The majority of the current Congress opposes mandated paid sick leave, however, so any additional paid leave requirements in the near future will most likely be produced at the state or local level. To encourage states to establish paid family and medical leave programs, the president’s fisca

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Utilizing Payroll-Processing Services

2016 Payroll Updates: How Payroll-Processing Services Can Help The end of each year can prove a stressful time for business owners. What is the biggest stress factor as the sun sets on any given year? Taxes. Complicated regulations, compliance issues, and looming deadlines are just some of the many ways that taxes can unravel even the most poised entrepreneur. Fortunately, you do not have to go it alone when it comes to filing your taxes. Business owners in every industry have realized that payroll processing services can offer an ideal solution that eliminates stress and maintains corporate compliance at all times. The Payroll Company: Payroll-Processing Services For Optimal ROI At The Pay

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Lower gas prices nationwide results in lower mileage reimbursement rates

Business mileage rates--how much you can deduct if you use a car for business purposes--are dropping for 2016. The IRS announced on Thursday the standard mileage rates for taxpayers to use in calculating the deductible costs of using a car for business, charitable, medical or moving purposes: * Business use: 54 cents per mile (compared with 57.5 cents in 2015) * Medical or moving purposes: 19 cents per mile (down from 23 cents for 2015) The rate for service to a charitable organization is set by statute and has been fixed at 14 cents a mile since 1997. Taxpayers always have the option of calculating the actual costs of using their vehicle rather than using the standard mileage rates. The

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Final 2015 IRS Health Care Reporting Forms Now Available

The Internal Revenue Service has released the final versions of two key 2015 forms and the related instructions that employers and insurers will send to the IRS and individuals this winter to report health care coverage they offered or provided.  The IRS released draft forms and instructions for 2015 this summer and the final forms and instructions for 2015 are largely unchanged from the previously released drafts. To help employers in their preparations to meet new information reporting requirements the IRS has launched a new web page for employers. “The IRS is working to make it as easy as possible for employers to get the information they need about the new reporting requirements

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EEO-1 Filing Deadline Extended

EEO-1 reports are typically due September 30th of each year.  The EEO Joint Reporting Committee has extended the deadline for this year until October 30th.  Read the release here. To see if you are required to file the EEO-1 report, check the eligibility requirements here.

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Employee or Independent Contractor? A New DOL Interpretation

To help employers properly classify their workers, the Department of Labor (DOL) has issued a new Administrator’s Interpretation to explain how the Fair Labor Standards Act’s definition of employee should be understood. As opposed to focusing primarily on the amount of control exerted by the employer, as was standard before, this guidance focuses more on the economic realities. According to the interpretation, an employee is a worker who is economically dependent on the employer and not in business for themselves. Most workers are employees, not independent contractors, and many workers presently classified as independent contractors should be reclassified as employees. If you currently

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