Industry News

How to Calculate Paid Time Off for Commission-Only Employees

How to Calculate Paid Time Off for Commission-Only Employees 1200 628 Tricore

Federal law does not require employers to provide paid time off (PTO) to commissioned employees. Therefore, unless state law says differently, it’s up to employers to establish their own vacation and PTO rules — including the rate of pay — for commission-only employees. Determine Your Calculation Method When calculating the vacation/PTO rate of pay for…

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CMS Extends ‘Grandmothered’ Health Plans

CMS Extends ‘Grandmothered’ Health Plans 1200 628 Tricore

On March 25, 2019, the Centers for Medicare and Medicaid Services (CMS) announced that states may allow grandmothered health plans to continue until Dec. 31, 2020. What’s the history here? Certain health plans that were already in existence when the Affordable Care Act was passed on March 23, 2010, are permitted to stay in force…

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DOL Revisits Overtime Rule in Proposal

DOL Revisits Overtime Rule in Proposal 1200 628 Tricore

On March 7, the Department of Labor released a proposed rule that would raise the so-called salary-level threshold for white-collar exemptions to $35,308 per year from $23,660. This means that the vast majority of employees earning under the threshold would need to be paid overtime. About 1 million workers may find themselves affected by this:…

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Do You Know Your Lookback Period for Payroll Taxes?

Do You Know Your Lookback Period for Payroll Taxes? 1200 628 Tricore

A lookback period is the length of time that the IRS uses to measure the amount of taxes paid by an employer. The lookback period also helps the employer determine its deposit schedule. Payroll Taxes, Filings and Lookback Periods Employers must withhold federal income tax, Social Security tax and Medicare tax from employees’ wages, plus…

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Is Tuition Reimbursement Worth It for Employers?

Is Tuition Reimbursement Worth It for Employers? 1200 628 Tricore

We live in a fast-paced society where people are forever on the go. There’s hardly ample time for work-life balance, let alone continuing education. Yet studies show that employees want opportunities for learning and development. According to a Gallup survey, 87 percent of millennials say professional development is important in a job. Further, the Harvard…

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