Blog
South Dakota Increases Taxable Wage Base Through 2015
South Dakota Governor Mike Rounds recently signed SB 186, which increases the taxable wage base from $10,000 in 2010, to $11,000 in 2011, $12,000 in 2012, $13,000 in 2013, $14,000 in 2014, and...
Hawai’i Reduces Taxable Wage Base from $38,800 to $34,900
Governor Linda Lingle signed into law HB 2169 that lowers the taxable wage base for 2010 from $38,800 to $34,900 or 90% of the average annual wage for 2010 and 2011. The new law also sets the rate...
Fair Labor Standards Act Does Not Require Pay for Hour Not Worked Due to Switch to Daylight Saving Time
Since Daylight Saving Time begins in most parts of the country at 2 am, Sunday, March 14, 2010, many workers on a third shift will only work seven hours. At 2 am on that day, clocks are turned ahead...
Question of the Week: What Do We Need to Provide Vision Payroll to Get the COBRA Subsidy Credit?
This week’s question comes from James, a company controller. We have employees who are eligible for the COBRA subsidy credit. We receive a credit on Form 941 for the subsidy we provide employees....
Unemployment Insurance Weekly Claims Report Update for March 6, 2010
According to the US Department of Labor, in the week ending March 6, the advance figure for seasonally adjusted initial claims was 462,000, a decrease of 6,000 from the previous week’s revised...
Tip of the Week: Making Employees Pay for Damaged Company Property
Many employers have real concerns about avoidable expenses resulting from employee damage to company property. Some employers have specific policies requiring employees to reimburse for the damages...
Massachusetts Freezes Unemployment Tax Rate Schedule
Under recently enacted legislation, contribution rates for Massachusetts employers will remain at Schedule E for 2010. Based on the low level of reserves in the fund, previous law would have...
Florida Delays Increase in Wage Base to 2012
Florida Governor Charlie Crist has signed a bill to delay the increase in the unemployment wage base until 2012. Originally, the wage base was to increase from $7,000 to $8,500 in 2010. The new law...
IRS To Honor Medical Resident FICA Refund Claims
In IR-2010-025, the Internal Revenue Service (IRS) announced that it “has made an administrative determination to accept the position that medical residents are excepted from FICA taxes based on the...
Unemployment Rate Steady at 9.7 Percent in February
Nonfarm payroll employment was little changed (-36,000) in February, and the unemployment rate held at 9.7%, the US Bureau of Labor Statistics reported recently. Employment fell in construction and...
