By now most of you have received the notice of the minimum wage has increased as of 1/1/14 to 7.93 per hour. If you have not posted your notices in your breakrooms, community office areas in order to be compliant please take a moment to do so.
Also the Florida Department of Revenue has been mailing out their annual notice of reemployment tax rates (formerly unemployment tax). Surprisingly most have been receiving notices of lower rates. Those of you who have been paying 1.2% and have not had any claims should see your rate lowered to .59%. Remember this is for the first $8000.00 of wage earnings for each employee – while employed by your company. If the employee starts with you in June & has already hit their $8000.00 wage cap from their previously company that does not carry over to your company, they start over.
Want to learn more about changes and how they can affect your business or what you can be doing to save you money? Contact me today Lauree Adams, Owner Adams Business Solutions. email@example.com * 850-319-4205.