Notice to Employers… The Department of Labor (DOL) has issued a new law regarding overtime pay. The new rule qualifies workers for overtime exemption, and raises the salary threshold from $455/week (the equivalent of $23,600/year) to $913/week ($47,476/year). Over 4 million workers will be affected. For an employee to be considered overtime exempt, they must… Read More
Connecting the Dots–Minimum Wage changes to MA and RI and more…
The legislatures of MA and RI have been a bit busy this summer. Here’s some important information for my Rhode Island and Massachusetts friends: Rhode Island: Effective January 1, 2015, the Rhode Island minimum wage will increase to $9/hour from $8/hour. The minimum cash wage for tipped employees will remain $2.89/hour. This means that the… Read More
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Connecting The Dots–Harmonizing
So my girlfriend and I went to see Crosby, Stills and Nash last night at Monmouth University in NJ. Their amazing harmonizing and longevity got me thinking about building teams. Here I am with my girlfriend Hillary and David Crosby who we had the honor to meet after the show. ConnectPay‘s owners, Michael Young… Read More
2013 Changes to W-2
2012 ConnectPay Informational Series Form W-2 Reporting of Employer-Sponsored Health Coverage The Affordable Care Act requires employers to report the cost of coverage under an employer-sponsored group health plan. Reporting the cost of health care coverage on the Form W-2 does not mean that the coverage is taxable. The value of the employer’s excludable contribution… Read More