The Patient Protection and Affordable Care Act (ACA), along with the Health Care and Education Reconciliation Act of 2010, represent a historic effort by the U.S. government to reform and overhaul the American healthcare system. One of the notable revenue provisions included in the ACA is a fee imposed on health insurers. This fee is Read More
Overtime pay rules are governed by the Fair Labor Standards Act. Many times workers request to work overtime hours without overtime pay. Click here to learn some little known facts about overtime.
Minimum WageThe 2013 minimum hourly wage is set to go up in the following ten states: •Arizona. The rate goes from $7.65 to $7.80. The state’s minimum wage is adjusted annually based on a cost-of-living formula. •Colorado. The rate is going from $7.64 an hour to $7.78 based on an annual cost-of-living adjustment. •Florida. The Read More
The IRS has announced that the business standard mileage rate for 2013 will increase by 1 cent to 56.5 cents per mile. The rate for moving and medical purposes will also increase by 1 cent to 24 cents, while the mileage rate for charitable purposes, which is set by law, will remain at 14 cents. Read More
According to the APA (American Payroll Association) the IRS plans to add a new line to the 2013 Form 941 for reporting the employee portion of Medicare tax withheld on wages over $200,000. Under the Patient Protection and Affordable Care Act, the Medicare tax rate is due to increase .9% (for employees only) on wages Read More