The July 24, 2008 federal minimum wage increase affects employers in a number of states. Under the Fair Minimum Wage Act of 2007, the federal minimum wage increased by 70 cents from $5.85 to $6.55 per hour.

 

This increase affects most employers in states where the state minimum wage is lower than the new federal rate. Under federal law, when an employee is covered by both state and federal law, the employee is entitled to coverage under whichever law provides the greater benefit.

 

This means that if (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…)

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