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Watch Out California Employers: SB 1162 On Track To Become Law

Trusaic

The Department of Fair Employment and Housing (DFEH), also known as the Civil Rights Department, no longer has to publish organizations’ pay data online and available to the public. California’s latest pay equity legislation, SB 1162 passed the State Assembly Appropriations Committee late last week. . We outline them below.

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[UPDATE] What Employers Need to Know About the Employee Retention Credit

ACA Times

The new notice supplements IRS Notice 2021-20 and clarifies that under Section 207 of the Taxpayer Certainty and Disaster Tax Relief Act of 2020, the period in which the Employee Retention Credit can be obtained was widened to include the first and second quarters of 2021. trillion American Rescue Plan.

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2024 Mid-Year Legal Updates: Understanding the New Federal Overtime Rule 

MP Wired For HR

This update will drastically impact how businesses classify employees and calculate wages. This update will drastically impact how businesses classify employees and calculate wages. Enacted in 1938, the FLSA aimed to improve working conditions and ensure fair wages for American workers. What Constitutes Hours Worked?

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Minimize Penalties with ACA Best Practices for the Holiday Season

ACA Times

Some examples of key data points to make sure are in alignment across various databases include employee names, SSNs, date of births, addresses, employment periods, hours of service, and wages. This information is entered into Forms 1094-C and 1095-C and is transmitted to the IRS in what is known as ACA reporting.

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Show Me the Money: Earned Wage Access Explained

Netchex HR Blog

Earned wage access (EWA) gives employees the choice to claim some of their income before the end of the pay period. Just like it sounds, earned wage access gives employees access to the funds they’ve already earned. Earned Wage Access is NOT the same as payday loans or paycheck advances.

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Wage Transparency Act Passes in District of Columbia

Trusaic

Bill 25-194 , or the Wage Transparency Omnibus Amendment Act of 2023 will require employers to include salary information in job listings. DC’s Wage Transparency Act aims to address one of the worst pay gaps for women of color in the US. Wage history ban: Employers cannot screen job applicants based on their wage history.

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IRS Affordability Safe Harbors Help Avoid ACA Penalties

ACA Times

Take, for example, $20/hr x 130 hours x 9.83% = maximum monthly premium of $255.58. For this particular situation, to claim the Rate of Pay Safe Harbor using hourly wages, the monthly contribution cannot exceed $255.58. Rate of Pay Safe Harbor. Take that product and multiply it by the 2021 affordability threshold, 9.83%.