Reminder to Colorado Employers:  Minimum wage to increase January 1

As 2011 draws to a close, we wanted to remind you that beginning this Sunday, January 1, minimum wage increases for all employers who have minimum wage earners on their payroll.  Colorado’s minimum wage will increase 28 cents from $7.36 per hour to $7.64 per hour as a result of a state law that links annual wage to cost-of-living fluctuations …

Written By: Eugena Bellamy

Who are the reindeer on your team?

Tis the Season!  And with the Season, we often find ourselves a little extra stressed out.  Be it from the inability to find the perfect gift or the extra workload to close out the year, we can all use just a little break.  So, with that in mind we wanted to offer a little holiday cheer.  So, we’ve taken the …

Written By: Eugena Bellamy

IRS Keeps Business Mileage Rate Unchanged for 2012

On December 12, 2011, the Internal Revenue Service announced that the standard mileage rates for business will remain unchanged from the mid-year adjustment for 2012. For the year 2012, the optional standard mileage rate will stay 55.5 cents per mile. Taxpayers have the option of using the optional standard mileage rate to calculate deductible costs of operating an automobile for …

Written By: Jake Stratton

Colorado Employers:  Minimum wage to increase January 1

If you are an employer and have minimum wage earners on your payroll, now is the time to plan for the increase that will be mandated come January 1, 2012.  Colorado’s minimum wage will increase 28 cents from $7.36 per hour to $7.64 per hour as a result of a state law that links annual wage to cost-of-living fluctuations known …

Written By: Jake Stratton

Are you paying year end bonuses?

Are you planning on paying year end or Christmas bonuses?  Please keep in mind that there are a few tax implications when it comes to paying them out.  If you want to pay them on a separate check then the “supplemental tax” comes into play which is a 25% flat Federal tax in addition to Social Security, Medicare and any …

Written By: StaffScapes