Federal law requires certified payroll reports for government-funded projects that cost $2,000 or more. Certified payroll reports (also known as CPRs or “prevailing wage”) document wages, hours, rates, deductions, and benefits provided to every worker on your project. They ensure workers are receiving the prevailing wage in your area. Prevailing wage extends from the Davis-Bacon […]
When hiring new employees, thoughts of retirement may not be your immediate concern for potential employees. However, many of the best candidates may have long-term plans already in mind. Retirement savings plans are critical for everybody in the workforce. They allow employees to plan for retiring when and how they desire. According to the U.S. […]
In a competitive job market, benefits can help small businesses hire quality employees. A Health Savings Account (HSA) can be used to pay for qualified medical expenses without being subject to taxes. If your employees have high-deductible health insurance, contributing to a small business HSA may be an easy-access benefit to offer. Related: Introduction to […]
California’s most recent Pay Transparency Law went live on January 1, 2023. SB 1162 requires business owners with employees in California to track and report payscale ranges. Requirements vary for small and large businesses. Linda Duffy, President and Founder of Ethos Human Capital Solutions, led a PayrollCentric presentation to break down SB 1162. SB 1162: […]
It’s not just about wages anymore. In a competitive hiring environment, benefits matter, and small business health insurance could give your company an advantage in hiring. There is an art to making group benefit plan decisions. You want a plan that makes sense for the majority of your employees, and you need to keep a […]
In a weekend leading up to Christmas, PayrollCentric had the opportunity to help local families get Christmas Trees at the Los Altos YMCA.
On October 10, 2019, California Governor Gavin Newsom signed into law AB51 which drastically impacts the utilizing of arbitration agreements in the employment context.AB51 adds Section 432.6 to the Labor Code and, when it becomes effective on January 1, 2020, the new law will prohibit employers from requiring employees to sign an arbitration agreement as a condition of employment.
On May 31, the IRS released a draft of its new proposed Form W-4. The IRS drafted the new
Form W-4 to enable the Form W-4 to align with the Tax Cuts and Jobs Act of 2017 (“TCJA”).
Many states and cities have taken the initiative to schedule minimum wage increases. For some cities, increases are set to take effect on July 1st on an annual basis.Because some cities have a higher minimum wage rate than the one set by the State or the Federal government, the higher local minimum wage rate takes precedence and must be paid to all employees covered by the local minimum wage regulation.
Recently, the SSA began sending “No Match Letter” notifications to employers regarding possible employee name and/or Social Security Number mismatches. These letters represent a new phase of the SSA enforcing employment eligibility. If you received a “No Match Letter”, please send us the notice immediately and we will assist you with resolution.
