FEDERAL UPDATES:
- Information for you regarding Reporting Health Coverage on 2012 Forms W-2 --> Click Here
- Information for you regarding Unemployment Changes --> Click Here
- Information for you regarding The American Jobs Act --> Click Here
- Information for you regarding The Patient Protection and Affordable Care Act --> Click Here
- Information for you regarding Federal Mileage Rate --> Click Here
- Information for you regarding Federal Unemployment Tax Rate---> Click Here
- Information for you regarding Tax on Unreported Tips--> Click Here
- Information for you regarding the Middle Class Tax Relief Act--> Click Here
- NOTIFICATION: Effective 1/13/2010 there is a change to 401K deferrals. Click Here for more information regarding the new regulation mandating that contributions are due within 7 business days from the withholding of the funds.
- Attached is information on the Health Care Reform that was passed by the House of Representatives; this update may be important to your business.
- Cobra Update 3/22/10: COBRA extension to March 31st, 2010
NYS UPDATES:
For more information about the special assessment that New York employers must pay to the New York Department of Labor (DOL), the NYS Interest Assessment Surcharge, click here. Notices were mailed out to employers on Friday, July 15, 2011, and are due by Monday, August 15, 2011.
Guidelines for Written Notice of Rates of Pay and Regular Payday
Effective April 9, 2011 Section 195.1 of the Labor Law, requires all employers, other than government agencies, to give employees at the time of hire (before work is performed) and on or before February 1 of each year, notice of the following:
1. the employee’s rate or rates of pay
2. the overtime rate of pay, if the employee is subject to overtime regulations
3. the basis of wage payment (per hour, per shift, per week, piece rate, commission, etc.)
4. any allowances the employer intends to claim as part of the minimum wage including tip, meal, and lodging allowances
5. the regular payday
6. the employer’s name and any names under which the employer does business (DBA)
7. the physical address of the employer’s main office or principal place of business and, if different, the employer’s mailing address
8. the employer’s telephone number
Employers must provide the notice in English and the employee’s primary language.
- Click here for Important New Hire Reporting Requirement Regarding Health Benefits Effective July 15th
- Click here for the NYS Guidelines for Written Notice of Rates of Pay and Regular Payday
- Click here for the New Client Set-Up Document
For more templates, go to: http://www.labor.ny.gov/formsdocs/wp/ellsformsandpublications.shtm
UPDATES FROM OTHER STATES:
Connecticut tax legislation effective August 1, 2011, made significant and complex changes to Connecticut’s individual income tax rate structure, retroactive to January 1, 2011. These tax rate changes will generally result in an increase in each individual’s 2011 Connecticut income tax liability. Click here for more information.
RESTAURANT RESOURCES:
ALERT: IMPORTANT NOTICE REGARDING THE FEDERAL MINIMUM WAGE
ADDITIONAL RESOURCES:
In order to provide you with the valuable information and resources you need, Advantage has provided the links below to additional regional tax resource websites.
GENERAL:
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Click here for the NYS minimum wage requirement changes for the hospitality industry.
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Click here for information on the New York Wage Theft Prevention Act, effective April 2011.
**For Q&A please click here.
For more information, refer to the NY DOL website. http://www.labor.ny.gov/home