Minimum wage going up in 10 states

December 10, 2012 - by: HR Hero Alerts 0 COMMENTS

The 2013 minimum hourly wage is set to go up in 10 states.

  • Arizona. The rate goes from $7.65 to $7.80. The state’s minimum wage is adjusted annually based on a cost-of-living formula.
  • Colorado. The rate is going from $7.64 an hour to $7.78 based on an annual cost-of-living adjustment.
  • Florida. The rate goes from $7.67 to $7.79 because of an annual cost-of-living adjustment.
  • Missouri. The rate goes from $7.25 to $7.35 because of an annual cost-of-living adjustment.
  • Montana. The rate rises from $7.65 to $7.80 based on a cost-of-living adjustment.
  • Ohio. The rate goes from $7.70 to $7.85.
  • Oregon. The minimum hourly rate goes from $8.80 to $8.95 because of an annual cost-of-living adjustment.
  • Rhode Island. Governor Lincoln Chafee signed into law the state’s first minimum wage hike since 2007, raising the rate from $7.40 to $7.75 per hour.
  • Vermont. The rate goes from $8.46 to $8.60 based on an increase in the Consumer Price Index.
  • Washington. The rate goes from $9.04 to $9.19 because of an annual cost-of-living adjustment.

The federal minimum wage is $7.25 an hour. Federal law requires employers in states that set their own minimum wage to pay whichever rate is higher.

IRS Offering Employers Break on Misclassification

September 22, 2011 - by: HR Hero Alerts 0 COMMENTS

Employers worried that they may have misclassified independent contractors may find relief in a new program from the IRS.

The Voluntary Classification Settlement Program (VCSP) was announced September 21 and offers employers the opportunity to get into compliance by making a minimal payment covering past payroll tax obligations rather than waiting for an IRS audit.

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