All Massachusetts employers must distribute information to their employees and display a workplace poster that explains Paid Family and Medical Leave (PFML). PFML workforce notifications and posters have been updated to reflect the 2023 maximum benefit amount and contribution rates. Download the poster. For more information about PFML click here.
There’s more to determining filing status than being married or single Some taxpayers are eligible for more than one filing status. As they get ready for the upcoming filing season, taxpayers should carefully review their options to pick the filing status that makes the most sense for them. Those who are only eligible for one [...]
What business owners need to do when closing their doors for good There are a few things business owners need to do before they close their business. Of course, they need to fulfill their federal tax responsibilities. It’s also important to notify the IRS of their plans. Business owners must take these steps when closing [...]
The following wage and hour changes will take effect on January 1, 2023. Massachusetts increases minimum wage and ends premium pay Minimum wage The Massachusetts minimum wage will increase to $15 per hour. The minimum base wage for tipped employees will increase to $6.75 per hour. Premium pay fully phased out The mandatory premium pay rate for hours [...]
We’ve partnered with Human Interest, a 401(k) provider for small and medium-sized businesses, to add an affordable retirement plan to your benefit offering. Human Interest helps to reduce the burden of managing a 401(k) plan with easy setup and administration, recordkeeping, and streamlined onboarding for employees. With Human Interest you’ll receive: Access to affordable investment [...]
Massachusetts has joined the growing list of states to prohibit discrimination based on traits associated with race, including hairstyle. Beginning October 24, 2022, the state’s employment discrimination law, which applies to employers with six or more employees, will define race to include traits historically associated with race, including, but not limited to, hair texture, hair [...]
Help wanted? Businesses that are hiring should know about the work opportunity tax credit Businesses hanging up their Help Wanted signs should be sure to check out the work opportunity tax credit. This credit encourages employers to hire workers certified as members of any of ten targeted groups facing barriers to employment. The credit has [...]
PayPlus is pleased to announce the launch of a new Employee Workforce Management product that will make your life as a business owner so much easier. Eliminate onboarding paperwork for new employees. Employees enter their details themselves (everything on the New Hire form!), plus I-9, W4, etc. and their information is automatically loaded into the payroll [...]
IRS Tax Tip 2022-117, August 2, 2022 A business might pay an independent contractor and an employee for the same or similar work, but there are key legal differences between the two. It is critical for business owners to correctly determine whether the people providing services are employees or independent contractors. Here's some information to [...]
PetSmart promises “free paid training” for dog groomers, but employees are stuck with $5,000 in debt unless they stay with the company two years, a California lawsuit alleges. This practice violates a core tenet of labor and employment law that the employer pay for the cost of doing business, according to Rachel Dempsey of Towards [...]
