Single Point of View

Single Point of View is our way to occasionally share planning ideas relating to personal finance. Our goal is to pass along concepts that you may not be exposed to on a daily basis.

Massachusetts Employers: New Paid Sick Time Law

In November 2014, the voters of Massachusetts approved the ballot question requiring employers to provide earned paid sick time to employees. This new law comes into effect on July 1, 2015 and impacts employers of 11 or employees. Note, this is different than other regulations on healthcare that apply to "full time equivalent employees". In other words, this law accounts for full-time and part-time employees the same, as 1 and 1. We are encouraging our business owner clients to start reviewing their employee handbooks to plan on how they will comply with the new law.

http://www.shrm.org/legalissues/stateandlocalresources/pages/mass.-sick-leave-challenging.aspx

http://www.sec.state.ma.us/ele/ele14/pip144.htm

Year End Tax Planning
Retirement Plan and HSA Limit Increases for 2015
 

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Friday, 17 November 2017