Indiana Minimum Wage Increase 2009

June 8th, 2009 Posted by Cara

Indiana employers will be updating their minimum wage posters again, as another minimum wage change looms.

 

On July 24, 2009 when the federal minimum wage increases from $6.55 to $7.25 per hour, the Indiana minimum wage will increase as well. This 70-cent increase is the third in as many years, resulting in an Indiana minimum wage that is $2.10 higher than in early 2007.

 

Under both Indiana and federal law, tipped employees can be paid less than the full minimum wage. In this respect, the federal and Indiana minimum wages law are similar.

 

On one significant point they differ, however. Indiana law covers many smaller businesses that would not be affected by the federal minimum wage law.

 

Both the federal and the Indiana minimum wage rates will go up by 70 cents on July 24, 2009. The old rate under both is $6.55 an hour and the new hourly rate will be $7.25. For Indiana and other employers, the good news is that no federal minimum wage hike is scheduled for 2010.

 

The federal Fair Labor Standards Act, also known as the FLSA, establishes the national minimum wage. For more information, visit www.dol.gov, the website of the U.S. Department of Labor (DOL). (more…)

More 2009 Minimum Wage Changes

December 29th, 2008 Posted by Derrick

Employers have already been warned that the state minimum wage will increase with the new year in Oregon, Washington, Florida, New Mexico, Vermont, Colorado, Arizona, Missouri, Montana, Ohio and Connecticut.

 

However, employers in other states also have to contend with minimum wage increases this year.

 

Even if an employer has no minimum wage employees, each increase means the employer must update his or her minimum wage posters. By law, employers are required to display a variety of labor law posters prominently in the workplace. Failure to do so can result in fines, penalties and citations.

 

On July 1, 2009 the Illinois minimum wage will increase by 50 cents, from $7.50 to $8.00 per hour. This is the final step in a 3-tiered increase introduced by the now-infamous (more…)

Federal Minimum Wage Increase July 24, 2008

July 24th, 2008 Posted by Amelia

Effective July 24, 2008 the federal minimum wage increases 70 cents from $5.85 per hour to $6.55 per hour.

 

This move will also increase the minimum wage in 10 states, where the state adopts the federal minimum wage automatically. Those states include: (more…)

Flooded Employers Get IRS Filing Extension

June 24th, 2008 Posted by Amelia

 The US Department of Labor, Employee Benefits Security Administration or EBSA has extended the filing deadlines for employer sin a number of states affected by severe weather. Employers should note that the extensions apply only to operations affected by the weather, in regions that have been declared disaster areas by President Bush. Other employers in the areas must file as usual.

 

The extensions apply to Form 5500 or Form 5500 EZ employer tax documents. Employers should check Part I on Form 5500 or Part 1 on Form 5500 EZ, and attach a statement.

 

The extensions affect plan administrators, employers and others who regularly file Form 5500.

  (more…)

Indiana Minimum Wage Increase

June 5th, 2008 Posted by Amelia

The Indiana minimum wage will be increasing – yet again – on July 24, 2008. The federal FLSA (Fair Labor Standards Act) dictates which companies must pay their employees the federal minimum wage.

 

According to the FLSA, all local, state and federal government agencies must pay workers the federal minimum wage. Health care facilities, hospitals, schools and all companies earning over $500,000 per year are also covered by FLSA. Businesses engaged in interstate commerce must follow the FLSA standards, too. This rule can apply, too, to employees who handled business with out-of-state customers or vendors, too, even if the company as a whole doesn’t conduct interstate commerce.

  (more…)

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