Blog
Virginia Payday Lenders Face New Restrictions January 1
In conjunction with recent amendments to the Payday Loan Act (Code of Virginia §§6.1-444 et seq.) that take effect January 1, 2009, the Virginia State Corporation Commission has adopted conforming...
Question of the Week: Can a Partner Receive a Paycheck from a Partnership?
This week’s question comes from Carl, a partner in a partnership. I am an investor in a partnership and own a 25% interest as a partner. I also work for the business that the partnership owns. Can I...
Unemployment Insurance Weekly Claims Report Update for December 6, 2008
According to the US Department of Labor, in the week ended December 6, the advance figure for seasonally adjusted initial claims was 573,000, an increase of 58,000 from the previous week's revised...
Tip of the Week: Get Ready for Newly-Revised FMLA Regulations
Do you know which employers must grant leave under the federal Family and Medical Leave Act (FMLA)? Are you sure about the benefits eligible employees must receive under the FMLA? Do you even know...
US Department of Labor Issues Opinion Letter on Overtime Pay Calculation
The US Department of Labor (DOL) recently issued non-Administrator signed Opinion Letter FLSA2008-12NA. Although Opinion Letters only apply to the exact set of facts and circumstances presented in...
Christmas Day Holiday May Require Change in Processing Schedule
Thursday, December 25, 2008 will be Christmas Day, a federal holiday. The offices of Vision Payroll will close Christmas Eve, December 24 at 2 pm and re-open Friday December 26. Most banks will also...
US Department of Labor Issues Opinion Letter on Volunteering Under the FLSA
The US Department of Labor recently issued non-Administrator signed Opinion Letter FLSA2008-11NA. Although Opinion Letters only apply to the exact set of facts and circumstances presented in each...
Unemployment Rate Rose to 6.7 Percent in November
Nonfarm payroll employment fell sharply (-533,000) in November, and the unemployment rate rose from 6.5% to 6.7%, the Bureau of Labor Statistics of the U.S. Department of Labor reported recently....
Question of the Week: Why Didn’t My FICA Tax Deduction Stop?
This week’s question comes from Janet, a sales rep: I read before that the wage base for 2008 was $102,000. I’ve made over $104,000, but FICA tax is still being withheld. Why didn’t my FICA tax...
Unemployment Insurance Weekly Claims Report Update for November 29, 2008
According to the US Department of Labor, in the week ended November 29, the advance figure for seasonally adjusted initial claims was 509,000, a decrease of 21,000 from the previous week's revised...
