New Posters
Effective November 21, 2009 ALL employers are required to post the new Equal Employer Opportunity Poster. This notice now includes Genetic Information Nondiscrimination Act of 2008(GINA), which prohibits genetic information discrimination in employment.
Effective January 1, 2010 all Colorado employers are required to post the new Colorado Minimum Wage Order Poster. This notice explains what rights and protections employees have under the Colorado Minimum Wage Order, including minimum wage, work periods and overtime. If you have any questions regarding the application of this Order please contact StaffScapes.
This year there was a reduction in the Colorado State Minimum wage to $7.24 per hour. Since the Federal Minimum wage of $7.25 per hour is greater, $7.25 will be the rate that must be used as minimum pay.
StaffScapes provides clients with all of your required posters, and notification of these changes. If you have any questions or need posters please contact Lora Manternach at 303-466-7864.
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On December 3, 2009, the Internal Revenue Service announced a reduction to the optional standard mileage rates for 2010.
For the year 2010, the optional standard mileage rate will reduce from 55 cents to 50 cents per mile. Taxpayers have the option of using the optional standard mileage rate to calculate deductible costs of operating an automobile for business purposes.
The rate for computing the deductible medical or moving costs have also reduced to 16.5 cents per mile, however the rate for providing services for charitable organizations has remained unchanged at 14 cents per mile. For further information you can go to the IRS announcement at: http://www.irs.gov/newsroom/article/0,,id=216048,00.html
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IRS will audit 2,000 taxpayers each year for the next three years.
Beginning February 2010, the Internal Revenue Service will begin employment tax audits on 2,000 randomly selected taxpayers (employers) per year for the next three years. The IRS states that they are conducting this study “to collect data that will allow the IRS to understand the compliance characteristics of employment tax filers”. This means, the IRS is using this three year “study” to find out where employers are not staying in compliance with collecting, reporting, and paying taxes. The IRS also explains that the examinations will be comprehensive in scope. The IRS will not be looking for just a handful of different problem areas, but searching for any and every area of non-compliance. Now is the time to audit your employment compliance practices. Contact StaffScapes to discuss any concerns or problems that you may have.