As of January 1, Massachusetts employers have a number of new compliance issues facing them. Per existing statute, the Massachusetts minimum wage increased to $12.75 per hour for non-exempt employees, and tipped employees must now be paid at least $4.95 [...]
We want to share with you an opinion piece about the New Hampshire Road Usage Bill (House Bill 478 and House Bill 1649) and whether or not it sends the right message to owners of fuel efficient cars. We [...]
Business Mileage, Medical and Moving Rates Decrease On Dec. 31. 2019, the Internal Revenue Service (IRS) issued the 2020 optional standard mileage rates, which are used to calculate the deductible costs of operating an automobile for business, charitable, medical [...]
On New Years Day, the minimum wage in Massachusetts will increase from $12 an hour to $12.75. The rate will continue to bump up each year until it reaches $15 in 2023. The higher minimum wage will put added [...]
Negotiations are ongoing, but it looks like the fiscal year 2020 spending bill will include permanent repeal of up to three Obamacare taxes: the so-called “Cadillac” tax on health insurance benefits, an excise tax on medical devices, and the [...]
Employers Must Begin Using the New Form Jan. 1 On Dec. 5, 2019, the Internal Revenue Service released an updated version of its W-4 form, also known as the "Employee's Withholding Certificate." Employers use IRS Form W-4 to determine each [...]
The IRS has released final 2019 versions of Forms 1094-C, 1095-C, 1094-B, and 1095-B that employers will use in early 2020 to report on the group health insurance coverage they offered during the 2019 calendar year. Instructions on how to complete Forms 1094-C and 1095-C and Forms [...]
2019 Furnishing Deadline Delayed and Additional Transition Relief Granted The IRS has delayed the deadlines by which employers must furnish 2019 Forms 1095-C and 1095-B in early 2020. As a result: Employers with 50 or more full-time employees (including full-time equivalent employees) generally [...]
The IRS announced an increase to flexible spending account (FSA) contribution limits for the 2020 plan year. Individuals can contribute $2,750 in 2020, up $50 from the previous year. Since this announcement came so late in the year, some [...]
Denver officials are considering a minimum wage increase for the first time in 20 years—not because there’s been no appetite for it but because state law prevented it until now. A new Colorado law effective in August lets cities and counties [...]
