EMPLOYERS: Effective June 1, 2011, Florida's revised minimum wage will be $7.31 per hour for all hours worked in Florida. Employers must pay their employees a wage not less than the amount of the hourly state minimum wage for all hours worked in Florida. The definitions of “employer,” “employee,” and “wage” for state purposes are the same as those established under the federal Fair Labor Standards Act (FLSA). For “tipped employees” meeting eligibility requirements for the tip credit under FLSA, employers must pay a direct hourly wage of $4.29 as of June 1, 2011.

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Retirement Plans for Self-Employed People Highlights of plans that self-employed people can use to save for retirement on a tax-deferred basis Voluntary Correction Program Submissions - Common Mistakes Avoid common mistakes in submissions to fix plan errors Higher Education Organizations Have to Comply with the Universal Availability Rule New Employee Plans Compliance Unit project focuses on whether certain 403(b) plans comply with the rule Are You Covered by an Employer’s Retirement Plan? Determine whether you are covered by a retirement plan at work, which affects your ability to deduct traditional IRA contributions SEP Plans in a Partnership Partners are employees [...]

Administrative, Procedural, and Miscellaneous 26 CFR 601.602: Tax forms and instructions. (Also: Part 1, §§ 1, 223.) Rev. Proc. 2011-32 SECTION 1. PURPOSE This revenue procedure provides the 2012 inflation adjusted amounts for Health Savings Accounts (HSAs) as determined under § 223 of the Internal Revenue Code. SECTION 2. 2012 INFLATION ADJUSTED ITEMS Annual contribution limitation. For calendar year 2012, the annual limitation on deductions under § 223(b)(2)(A) for an individual with self-only coverage under a high deductible health plan is $3,100. For calendar year 2012, the annual limitation on deductions under § 223(b)(2)(B) for an individual with family coverage [...]

DirectPay has partnered with ADI Time to offer you the optimal experience in timeclock solutions. There are several payroll time challenges any organization must face: Eliminating Time Theft - ADI Time helps you time theft by consistently and automatically applying rounding rules and restriction capabilities, as well as eliminating “buddy punching” is used in conjunction with our biometric timeclocks. Ensuring compliance - It is vital that an organization’s payroll system comply with legal frameworks as well as other industry-specific requirements. Getting accurate, real-time reporting - Accuracy is the key to payroll. ADI Time not only provides historical information it also [...]

Times are tough. As a business owner, would eliminating a large down payment for your workers' compensation insurance interest you? You know how important it is to manage cash flow on a day-to-day basis and that's not always easy when you have to come up with a down payment that may be as much as 25% of the premium for your workers compensation policy. Good News, DirectPay Payroll Services AND The Hartford have a solution! XactPAY® allows you to pay your Hartford Workers' Compensation premium based on actual payrolls and one payroll period at a time. Your cash flow won't [...]