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$15 minimum wage for federal contractors faces challenges

Business Management Daily

24, 2021, raised the minimum wage for non- exempt employees working for federal contractors to $15, from $11.25, effective for new and renewing federal contracts signed on or after Jan. Procedure—how regulations are written and issued—is everything to federal agencies. The DOL has yet to file an answer.

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July HR News Worth Review

Higginbotham

The Departments are proposing changes to STLDI and fixed indemnity coverage to help consumers distinguish them from comprehensive health coverage and increase consumer awareness of coverage options that include the ACA’s consumer protections. Federal contractors also risk losing their government contracts for failures to comply.

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4 Labor and Employment Law Changes to Keep an Eye On In 2015

Insperity

Fair Labor Standards Act (FLSA) provides basic rights and wage protections for American workers, including federal minimum wage and overtime requirements. Because these regulations are outdated, millions of Americans lack the protections of overtime and even the right to the minimum wage.

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10 steps to maintain end-of-year payroll compliance

Business Management Daily

For Example, employers must deposit payroll taxes — including FICA taxes (social security and medicare taxes that are partially withheld from employees through payroll and partially paid by the employer), FUTA taxes (federal unemployment taxes), and income taxes to the internal revenue service throughout the year.

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4 Labor and Employment Law Changes to Keep an Eye on in 2015

Insperity

Fair Labor Standards Act (FLSA) provides basic rights and wage protections for American workers, including federal minimum wage and overtime requirements. Because these regulations are outdated, millions of Americans lack the protections of overtime and even the right to the minimum wage.

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Employee or Independent Contractor? How to Properly Classify Your Workers and Ensure Compliance

Insperity

“Never has the potential peril for misclassification of individuals as independent contractors or employees as exempt been greater,” says employee benefits practice attorney Frank Morris. The penalty for failure to provide minimum essential health benefits is equal to the number of full-time employees times $166.66

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Independent Contractors vs. Employees: What employers need to know

Business Management Daily

It has been made even more complex in recent years due to the constantly shifting laws and guidelines regarding independent contractors. On June 3rd of 2022, the Department of Labor announced that it is developing a new proposed rule on determining employee or independent contractor status under the FLSA.