The ushering in of the millennium brought forth a number of new changes for the workplace. Technological advances, more accountability for companies and management, and a need to foster an inclusive, yet positive company culture for all. Many companies are looking ahead to building more than just a business: they are looking for a way to have an impact on …
New Bill Introduced Would Ease ACA Reporting Requirements
A recent bill has been introduced in the House and Senate that simplifies reporting requirements under the ACA. The Commonsense Reporting Act of 2017 (H.R. 3919 and S. 1908) attempts to ease the reporting requirements of employers in three areas: reporting information before open enrollment, minimize administrative reporting at year end, and reduce the submission of unnecessary information. In addition …
401(k) Contribution Limit Increase
On October 19, the IRS announced an increase in the contribution limits for employees who participate in 401(k), 403(b), and most 457 plans. For 2018 the new limit will be increased from $18,000 to $18,500. However, the catch-up contribution limit for employees aged 50 or over remains unchanged at $6,000 annually.
Record Retention Guide: types, documents, and timeline
Dealing with personnel files can be a daunting, yet rewarding task. Having all documents together in the event of an audit or worse, a lawsuit, could save your company costly fines and mounds of legal trouble down the road. This chart will offer a brief explanation of what items need to be kept and for how long.*
The OSHA Electronic Reporting Deadline is Fast Approaching!
The Occupational Safety and Health Administration (OSHA) electronic submission deadline is rapidly approaching. Are you ready? This is the first year certain employers must electronically submit their OSHA injury and illness data for posting on the OSHA website. Prior to this, little to no data was made public about worker injuries and illnesses. OSHA is hoping that by making this …
Winter is Coming
The leaves are changing color and there’s a certain crispness in the air. You’re finding yourself reaching for your coat every morning before you step outside. Holiday decorations are appearing in department stores overnight and soon the jazzy holiday music will be filtered through speakers everywhere you go. We all know what this means; winter is coming.
Increase to the Colorado State Minimum Wage for 2018
The Colorado Department of Labor and Employment has released the proposed changes to the state minimum wage for 2018. The proposed changes align with the changes voted into the state constitution as Amendment 70 last year. Effective January 1st, 2018 the minimum wage will increase to $10.20 per hour and will continue to increase by $0.90 per year until it …