Are you hiring employees? Form I-9 is used to verify the identity and employment authorization of individuals seeking employment in the U.S. Employers are responsible for obtaining a completed form I-9 from each employee.
Starting Monday, January 22, 2017, U.S. Citizenship and Immigration Services (USCIS) will only accept the new 11/14/16 version of Form I-9. Until then, you can use the 03/08/13 edition.
The online version provides instructions, prompts, and drop down lists help ensure correct data entry. Changes include the following:
A number of states are seeing minimum wage increases this year. The minimum wage rates in bold are updated effective January 1, 2017 unless otherwise noted. States with no change in minimum wage rates are not bolded.
The new Department of Labor overtime rules, set to go into effect December 1, are now on hold.
Late yesterday, a federal judge in Texas issued an injunction blocking the new rules that would extend overtime pay to more than 4 million employees. This means that the salary threshold for exemption from overtime pay remains at $23,660 until the court makes a final ruling.
“A preliminary injunction preserves the status quo while the court determines the department’s authority to make the final rule as well as the final rule’s validity,” said U.S. District Court Judge Amos Mazzant in his ruling.
PLEASE NOTE: Corporate Payroll Services will not take any action with your employees in terms of raising or lowering salaries or converting employees from hourly to salary or vice versa without your specific instructions.
If you have instructed us to make a change in anticipation of the new rule which we have already made and you wish for us to change it back, you must specifically instruct us to do so."
If you have questions, please contact your branch office.
Beginning December 1, New Overtime Rules Could Affect You
Effective December 1, millions of salaried employees will become eligible for overtime pay under the DOL’s Fair Labor Standards Act (FLSA). If you are unaware of the new rules, you could find yourself paying overtime to employees who, before December 1, were exempt.
Current Overtime Rules
Under current rules, certain categories of salaried executive, administrative, professional and outside sales employees who meet certain job criteria and are paid up to $455 salary per week ($23,660 per year) are exempt from minimum wage and overtime pay requirements. Highly compensated individuals making over $100,000 per year and meet certain other criteria fall under special rules as well.
New Overtime Rules
Beginning December 1, new rules update the salary level at which you must begin to pay overtime to these ‘exempt’ employees to $913 per week or $47,476 annually. The threshold for highly compensated individuals was raised to $134,004.
The new rules also provide for automatic updates every three years beginning January 1, 2020.
The Internal Revenue Service released a new Tax Tip about fake tax bill notices related to the Affordable Care Act (ACA.) The scam involves fraudulent versions of notice CP2000 for tax year 2015 and may be received via email, as an attachment, or by mail.
You’ll be able to tell if you receive one of these fraudulent notices if -
(CLICK HERE TO READ THE ENTIRE IRS NOTICE regarding the “Fake IRS Tax Bill Notices”)
Take a break...
The Breakroom is the Corporate Payroll Services resource center for 'News You Can Use,' feature stories, holiday notices, regulatory updates, product announcements, commentary and more.