The minimum wage rule enacted in 2006 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 adjustment is based on the difference between the CPI-U from …
IRS Announces Relief for Employers from W-2 Reporting of Health Plan Costs
The IRS announced today, October 12, 2010, that it will defer the health insurance reporting requirement for employers, making reporting by employers optional for 2011. The Affordable Care Act requires that the aggregate cost of employer-sponsored health coverage must be reported on a Form W-2. For this purpose, the aggregate cost is to be determined under rules similar to the …
How To Hire The Best Unemployed Candidate(s)
Are all unemployed candidates a risk to hire? Were they laid off or fired solely for performance? If they have been out of work for some time, does that mean that they are unqualified since no one has hired them yet? These are valid questions, however, many applicants in today’s market are typically available longer and are still excellent candidates. …