Colorado Minimum Wage Rate for 2008

The Colorado Department of Labor just announced the new minimum wage rate for 2008 The new rule enacted last year to the Colorado Constitution requires the state’s minimum wage rate to be adjusted each year for inflation. The inflation adjustment is based on the US Bureau of Labor Statistics’ Consumer Price Index for All Urban Consumers (CPI-U) for the Denver-Boulder-Greeley combined area. This …

2008 Mileage Reimbursement Rate

The IRS has recently released the mileage reimbursement rate for 2008. Each year, the IRS issues standard mileage reimbursement rates. These rates are used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. The standard mileage rate for business is based on an annual study of the fixed and variable costs of operating an automobile. …

Transamerica 401(k)

StaffScapes, Inc 401(k) Profit Sharing Plan is undergoing fund changes in 2008. The investment choices shown below will be undergoing changes effective February 15, 2008: The investment manger will change. The name of the investment choice will change to reflect new investment management company. The asset category and long-term investment style of these investments choices will remain the same. Diversified …

OSHA Final Rule on PPE

OSHA publishes Final Rule on Costs of Personal Protective Equipment On November 15, 2007, the U.S. Department of Labor’s (DOL) Occupational Safety and Health Administration (OSHA) published a final rule on employer-paid personal protective equipment (PPE). The provisions in OSHA standards that require PPE generally state that the employer is to provide such PPE to employees, but do not specify that …

Flexible Spending Accounts

Reminding FSA participants that the end of year is near and to make sure that you have used all the money in your FSA account. FSA – Flexible Spending Accounts – End of year coming soon There are many reimbursable expenses that can be applied to the FSA account, prescriptions co-pays, dental treatments, contacts/glasses, eye exams, chiropractic treatments, medical visit …

Holiday Party Safety

Tips to manage the stress of holiday traveling The holiday season accounts for nearly 10 percent of all miles traveled by Americans during the entire year. Planes are overbooked, highways are overcrowded, making most of us hardly overflowing with holiday cheer. The link below provides a few suggestions on how to deal with holiday stress as we get on the …

Updated Form I-9

New Form I-9 mandatory for all employees hired on or after November 7, 2007. U.S. Citizenship and Immigration Services (USCIS) has released a revised Form I-9,Employment Eligibility Verification. The form is available as a downloadable PDF on the USCIS website at www.uscis.gov USCIS has revised Form I-9 to bring it into compliance with the 1997 INS interim rule, which eliminated some of …

Changing Jobs and what to do with my old employers 401k plan

One of the many choices you may have to make when changing jobs or retiring is deciding what to do with your hard-earned money that’s invested in your previous employer’s 401(k) plan. There are many options available to you when you leave your employee. Maintain your tax-deferred benefits by moving your money into an IRA An excellent way to preserve …

New Arizona Immigration Law

HB 2779, Arizona’s Fair and Legal Employment Act is set to begin January 1, 2008 Arizona’s new state law that prohibits employers from intentionally or knowingly hiring unauthorized aliens becomes effective January 1, 2008.  After December 31, 2007, every employer will be required to verify the employment eligibility of the newly hired employee through the “E-Verify” program. E-Verify is an Internet-based system operated …

Tax Saver Credit

Saving for retirement may have become more affordable for some of your employees On August 17, 2006 President Bush signed the Pension Protection Act of 2006, making the Saver’s Credit permanent. First introduced as part of the Economic Growth and Tax Relief Reconciliation Act of 2001, the Saver’s Credit is targeted at promoting qualified retirement savings for low to middle income …