Increase in California’s Minimum Wage

Group of Multiethnic Busy People Working in an Office
On January 1, 2017, the California minimum wage for employers with 26 or more employees will increase from $10.00 to $10.50 per hour. During 2017 the minimum wage for employers with 25 or fewer employees will remain $10.00 per hour. On January 1, 2017, the minimum salary for exempt employees who work for employers with 26 or more employees is increasing from $41,600 to $4...
Learn More

Department of Labor’s Overtime Rule Delayed

iStock_000037502196Small
A Federal judge in Texas granted a nationwide preliminary injunction halting the implementation of the new Department of Labor rule extending overtime pay to millions of Americans. Under the new law, as of December 1, 2016, employees classified as exempt would be required to be compensated at $47,476 annually in order to qualify for exemption from overtime, nearly double the ol...
Learn More

2016 Furnishing Deadline for ACA Reporting Delayed

iStock_000030609990_Double
On November 18, 2016, the Internal Revenue Service (IRS) issued Notice 2016-70 to: Extend the due date for furnishing forms to individuals under Sections 6055 and 6056 for 2016 for 30 days, from January 31, 2017, to March 2, 2017. Extend good-faith transition relief from penalties related to 2016 information reporting under Sections 6055 and 6056. Notice 2016-7...
Learn More

Overtime Rule to Take Effect – December 1, 2016

Group of Multiethnic Busy People Working in an Office
A Department of Labor (DOL) final rule is set to increase the salary threshold for the “white collar overtime exemptions" to $47,476 per year. Recent challenges to the rule have left some questioning whether it will take effect on Dec. 1, 2016, as scheduled. The U.S. House of Representatives passed H.R. 6094, which would delay implementation of the final rule. The bi...
Learn More

Updated I-9 Form Released

iStock_000037502196Small
On November 14, 2016, U.S. Citizenship and Immigration Services (USCIS), part of the U.S. Department of Homeland Security, issued an updated version of Form I-9: Employment Eligibility Verification (I-9 Form). Under federal law, every employer that recruits, refers for a fee, or hires an individual for employment in the United States must complete an I-9 Form. The up...
Learn More

IRS Releases Final ACA Reporting Forms for 2016

The Internal Revenue Service (IRS) has released final 2016 forms for reporting under Internal Revenue Code Sections 6055 and 6056. The Affordable Care Act (ACA) requires Applicable Large Employers (ALEs) to report to the IRS on offers of medical coverage made to full-time employees. The ACA also requires employers of all sizes that sponsor self-funded health plans to re...
Learn More

Have You Received an Exchange Subsidy Notice?

Employers have started receiving notices from Health Insurance Marketplaces (or Exchanges) when their employees are eligible for Exchange health insurance subsidies. Many employers are uncertain about what actions to take after receiving a notice. This subsidy notice (Notice) is particularly important to Applicable Large Employers (ALEs), but all employers shou...
Learn More

July 1st Increases to California Local Wages

Effective July 1, 2016, some California employers will be subject to an increase in the local minimum wage. Minimum Wage Increases for San Francisco and Bay Area Cities As part of Proposition J, signed in 2014, the City of San Francisco will incrementally increase its minimum wage each year until it reaches $15.00 an hour in 2018. This year’s increase will take effect on July...
Learn More

Judy Gum, Contoural

contoural
“The level of service and professionalism I’ve received from Parelius Insurance Services is unparalleled. Mark Parelius takes the time to educate and inform me about the various plan design and carrier options to ensure we offer a competitive benefit package. The staff is responsive, concerned and committed to customer service, providing guidance and navigation with all my bene...
Learn More