The federal minimum wage increases from $5.85 to $6.55 per hour, effective today, July 24, 2008. The minimum wage will increase to $7.25 next year.
Note that the California minimum wage applicable to California employers and employees is already higher than the current or future federal increases.
Kamis, 24 Juli 2008
Senin, 21 Juli 2008
Birmingham Angel Network
I am very pleased to announce the formation of the Birmingham Angel Network (BAN). We look forward to seeing the group grow and become a powerful driving force in the Birmingham and Alabama economy.
As has been discussed for several years, Birmingham is in dire need of additional startup capital for our many worthy high growth and high tech businesses and BAN will be a great resource for many of those companies.
If you are an accredited investor interested in becoming a member or a company looking for funding you may contact the group directly at: www.birminghamangels.com , which should be completely finalized and "live" within the next couple of weeks.
As has been discussed for several years, Birmingham is in dire need of additional startup capital for our many worthy high growth and high tech businesses and BAN will be a great resource for many of those companies.
If you are an accredited investor interested in becoming a member or a company looking for funding you may contact the group directly at: www.birminghamangels.com , which should be completely finalized and "live" within the next couple of weeks.
Selasa, 15 Juli 2008
Employee versus Independent Contractor
California's Employment Development Department (EDD), in conjunction with the Internal Revenue Service (IRS), is offering a seminar on employment status issues; that is, whether a worker is an employee or independent contractor. The seminar is available live from time to time, but also online as a webinar or on CD, free. The seminar offers an overview of California law in this area, as well as debunking some common employer misconceptions.
CA EDD Payroll Tax Seminars
CA EDD Payroll Tax Seminars
Selasa, 01 Juli 2008
IRS Increases Standard Mileage Rate
The IRS has announced that, effective July 1, 2008, the standard mileage rate will increase from 50.5 cents per business mile to 58.5 per business mile. The change is in recognition of higher gasoline costs.
The medical and moving rate also increases, from 19 to 20c per mile, but the charitable purposes rate of 14c remains unchanged.
The 2009 mileage rate has yet to be determined and announced.
To those Californians that wonder, if - given the higher gas costs here - the rate varies state by state, the answer is no, although, for some taxpayers in certain instances, using actual automobile operating expenses rather than the standard mileage rate is an option that should be discussed with their accountant. Employers typically reimburse employees for business miles at the IRS standard rate.
The medical and moving rate also increases, from 19 to 20c per mile, but the charitable purposes rate of 14c remains unchanged.
The 2009 mileage rate has yet to be determined and announced.
To those Californians that wonder, if - given the higher gas costs here - the rate varies state by state, the answer is no, although, for some taxpayers in certain instances, using actual automobile operating expenses rather than the standard mileage rate is an option that should be discussed with their accountant. Employers typically reimburse employees for business miles at the IRS standard rate.
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