The federal minimum wage will increase to $7.25 on Friday, July 24, 2009. Therefore, all work performed after July 23, 2009 should be compensated at the higher rate. In addition, the minimum wage will also increase to $7.25 in the following areas: Delaware, Idaho, Indiana, Maryland, Missouri, Montana, Nebraska, New Jersey, New York, North Carolina, North Dakota, Oklahoma, Pennsylvania, Puerto Rico, South Dakota, Texas, Utah, Virginia, and Wisconsin. Also, the minimum wage in the District of Columbia will increase to $8.25. Contact Vision Payroll if you have any questions on the minimum wage increases.
Do you reimburse employees for travel and meal expenses? Reduce paperwork and substantiation requirements through the use of a per diem reimbursement. By using a per diem that does not exceed the applicable federal per diem rate for the area of travel, the amount of the expenses need not be substantiated although the employee must still substantiate time, place, and business purpose. There are two parts to the per diem allowance: the lodging portion and the meals and incidental expenses portion. Employees who incur expenses less than the per diem allowance are not required to return the excess amounts. Furthermore, ten percent or more owners and their relatives are ineligible to use the per diem method. Contact Vision Payroll if you have questions on per diem reimbursements.
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