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Compliance Bulletin- DOL Issues New Overtime Payment Rules

HIGHLIGHTS The salary level for administrative, executive and professional employee exemptions will increase to $47,476. The salary level for the highly compensated employee exemption will increase to $134,004. The final rule does not change the duties test for white collar exemptions. IMPORTANT DATES May 18, 2016 The DOL announced a final rule updating white collar [...]
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Can Health Insurance Rebates Affect Workers’ Comp Premiums?

Since 2012, the Affordable Care Act (ACA) has required insurers with a certain medical loss ratio (MLR) to issue a rebate to employers. Depending on the way the rebates are distributed, you may end up paying more for your workers’ compensation insurance. Medical Loss Ratio The MLR provision of the ACA states that insurers must spend […]

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FSA Guide

Paying for health expenses can be stressful, but planning ahead and putting money in a health flexible spending account (FSA) will help you save on taxes while keeping a reserve of money available for health care costs. Although FSAs are a great way to help you pay for medical expenses, they can be confusing if […]

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Understanding your W-2 Form

Knowing how to read a Form W-2, or Wage and Tax Statement, can help you understand your total overall compensation, and also help you get a head start when preparing your taxes. Not all the information recorded in the boxes of your W-2 is necessary when filing your taxes. Often, the amounts recorded are never […]

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End of the Year Preparation

With the year nearly over, and so many business planning for 2012, almost every business we talk to is looking to gain market share, while cutting costs. There are obviously several ways to make this happen. One of the easiest ways to reduce costs is to compare your current expenses with other providers of similar […]

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Asking for a pay raise

Asking for a Raise  Preparation and attitude are essential Asking for a raise can be a intimidating experience, but often you need to ask to receive the compensation you deserve. A little preparation and the right attitude can help you receive the best outcome and ensure the meeting goes smoothly regardless of the decision. Preparation […]

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UNEMPLOYMENT TAXES DUE BY JULY 31st

Your unemployment compensation taxes for the quarter ending June 2011 are due to the state by July 31st, along with your Employer’s Quarter Report (also called the “UCT-6”). On the UCT-6 report, you must list all employee names and social security numbers, plus the amount of wages you paid them for the quarter. If you […]

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