Vision Payroll

September 26, 2013

Unemployment Insurance Weekly Claims Increase During Week Ending September 21, 2013

Secretary of Labor Thomas E. Perez
According to the US Department of Labor, in the week ending September 21, the advance figure for seasonally adjusted initial claims was 305,000, a decrease of 5,000 from the previous week’s revised figure of 310,000. The 4-week moving average was 308,000, a decrease of 7,000 from the previous week’s revised average of 315,000.

Advance Seasonally Adjusted Insured Unemployment Increases

The advance seasonally adjusted insured unemployment rate was 2.2% for the week ending September 14, an increase of 0.1 percentage points from the prior week’s unrevised rate.

Advance Seasonally Adjusted Insured Unemployment Increases

The advance number for seasonally adjusted insured unemployment during the week ending September 14 was 2,823,000, an increase of 35,000 from the preceding week’s revised level of 2,788,000. The 4-week moving average was 2,842,500, a decrease of 42,750 from the preceding week’s revised average of 2,885,250.

September 25, 2013

Tip of the Week: Deadline Looms for Notice To Employees of Coverage Options

Deadline Looms for Notice To Employees of Coverage Options
Under the Patient Protection and Affordable Care Act, also known as the Affordable Care Act or Obamacare, most employers are required to provide one of two notices to all employees. Guidance was provided to employers by the US Department of Labor (DOL) in Technical Release No. 2013-02, Guidance on the Notice to Employees of Coverage Options under Fair Labor Standards Act §18B and Updated Model Election Notice under the Consolidated Omnibus Budget Reconciliation Act of 1985.

Employers Required to Provide the Notice

Employers subject to the Fair Labor Standards Act (FLSA) are subject to the notice requirements. US DOL Wage and Hour Division (WHD) Fact Sheet #14 provides information on who is covered by the FLSA.

All Employees Must Receive Notice

All employees, including part-time employees and employees not eligible to participate, must receive a notice.

Two Model Notices Are Available

The DOL has prepared and made available two model notices, one for employers that offer health insurance to their employees and one for employers that do not offer health insurance to their employees. An employer would only provide one type of notice to all employees, regardless of whether the individual employee is eligible for health insurance.

Deadline is October 1, 2013

Employers must provide the notice on or before October 1, 2013 to all current employees hired before October 1, 2013. Employees hired after September 30, 2013 must be provided the notice at the time of hiring. For 2014, the DOL will consider notices provided within fourteen days of an employee’s start date as provided at the time of hiring.

Multiple Delivery Methods Available

Employers  may hand deliver the notices, mail them by first-class mail, or by e-mail if the requirements of the DOL’s electronic disclosure safe harbor at 29 CFR 2520.104b-1(c) are met.

Contact Vision Payroll for Further Information

Contact Vision Payroll if you have further questions on the notice to employees of coverage options required under the ACA.

August 19, 2013

Labor Day Holiday May Require Change in Processing Schedule

Filed under: News — Tags: , , , — Vision @ 5:37 pm
Labor Day Holiday May Require Change in Processing Schedule
Labor Day Holiday May Require Change in Processing Schedule
Monday, September 2, 2013 will be Labor Day, a federal holiday. The offices of Vision Payroll will close Friday, August 30 at 5 pm EDT and re-open Tuesday September 3. Most banks will also be closed in observance of the holiday.

Date Paid Process Deadline
9/2/2013 8/28/2013
9/3/2013 8/29/2013
9/4/2013 8/30/2013

Payroll Dates May Be Affected by Labor Day

Payrolls dated September 2 will be paid August 30 unless a previous change in schedule has been submitted. Payrolls submitted after these processing deadlines will be pushed back until the next available processing day. No changes are required for payrolls dated September 5.

Columbus Day Is Next Federal Holiday

The next federal holiday will be Monday, October 14, 2013, Columbus Day. Contact Vision Payroll as soon as possible to make changes to or for questions on your processing schedule.

July 24, 2013

Vision Payroll Will Be Closing Early on August 2nd at 11:30am

Filed under: News — Vision @ 3:50 pm

Attention: Vision Payroll Clients

On Friday, August 2, 2013,
Vision Payroll will be closing early at 11:30 am due to a company event.

Please plan your payrolls accordingly & let us know if you have any questions.

May 31, 2013

Question of the Week: How Will the Provisions of Obamacare Impact my Business in 2014?

Surviving ObamacareThis week’s question comes from Stephen, a small-business owner.

Stephen asks:

I know that some provisions of Obamacare will impact my business starting 2014. How will the provisions of Obamacare impact my business in 2014?

Answer: There are many provisions of The Patient Protection and Affordable Care Act, commonly known as Obamacare, which will take effect in 2014. To begin preparing, business owners will need to know:

  • How to minimize the impacts of the law.
  • Are you covered by the “Pay or Play” insurance coverage mandates?
  • Legal considerations to help employers decide whether to “Pay” or “Play”.
  • Important aspects of health insurance exchanges, safe harbor provisions, employee classifications, tax credits, automatic enrollments, and much, much more!

Attend a Free Seminar to Learn More

Joseph T. Bartulis, Esq. and Patrick C. Tinsley, Esq. of the law firm of Fletcher Tilton will be presenting a two-part seminar that you won’t want to miss. In addition to covering all of the above topics, the attorneys will be available for a question-and-answer session after the seminar.

Two Dates and Locations to Choose from

Part One will be presented June 12, 2013 at The Verve, Crowne Plaza, Natick, MA and also June 18, 2013 at Cyprian Keyes, Boylston, MA. Part Two will be presented September 24, 2013 at The Verve, Crowne Plaza, Natick, MA and also October 2, 2013 at Cyprian Keyes, Boylston, MA.

Register Today for Helpful Tips on Surviving Obamacare for Your Business

There is no cost to attend, but preregistration is required. Click here to learn more and to register.

May 30, 2013

Unemployment Insurance Weekly Claims Increase During Week Ending May 25, 2013

Acting Secretary of Labor Seth Harris
Acting Secretary of Labor Seth Harris
According to the US Department of Labor, in the week ending May 25, the advance figure for seasonally adjusted initial claims was 354,000, an increase of 10,000 from the previous week’s revised figure of 344,000. The 4-week moving average was 347,250, an increase of 6,750 from the previous week’s revised average of 340,500.

Advance Seasonally Adjusted Insured Unemployment Rate Remains Unchanged

The advance seasonally adjusted insured unemployment rate was 2.3% for the week ending May 18, unchanged from the prior week’s unrevised rate.

Advance Seasonally Adjusted Insured Unemployment Increases

The advance number for seasonally adjusted insured unemployment during the week ending May 18 was 2,986,000, an increase of 63,000 from the preceding week’s revised level of 2,923,000. The 4-week moving average was 2,986,500, a decrease of 11,500 from the preceding week’s revised average of 2,998,000.

May 1, 2013

Unemployment Insurance Weekly Claims Report Update for April 20, 2013

Filed under: News — Tags: , — Vision @ 1:51 pm
Acting Secretary of Labor Seth Harris
Acting Secretary of Labor Seth Harris
According to the US Department of Labor, in the week ending April 20, the advance figure for seasonally adjusted initial claims was 339,000, a decrease of 16,000 from the previous week’s revised figure of 355,000. The 4-week moving average was 357,500, a decrease of 4,500 from the previous week’s revised average of 362,000.

Advance Seasonally Adjusted Insured Unemployment Rate Decreases

The advance seasonally adjusted insured unemployment rate was 2.3% for the week ending April 13, a decrease of 0.1 percentage point from the prior week’s unrevised rate.

Advance Seasonally Adjusted Insured Unemployment Decreases

The advance number for seasonally adjusted insured unemployment during the week ending February 13 was 3,000,000, a decrease of 93,000 from the preceding week’s revised level of 3,093,000. The 4-week moving average was 3,071,750, a decrease of 17,500 from the preceding week’s revised average of 3,089,250.

March 8, 2013

Question of the Week: When Will the New Form I-9 Be Available?

When Will the New Form I-9 Be Available?
When Will the New Form I-9 Be Available?
This week’s question comes from Allen, an HR Director.

Allen asks:

We have been using the Form I-9 that expired last August. We’re uncomfortable using an expired form. When will the new Form I-9 be available?

Answer: The US Citizenship and Immigration Services (USCIS) today published a new Form I-9, Employment Eligibility Verification. This form is available for immediate use.

Older Versions of Form I-9 May Be Used Until May 7, 2013

Employers who need to make necessary updates to their business processes to allow for use of the new Form I-9 may continue to use other previously accepted revisions (Rev.02/02/09)N and (Rev. 08/07/09)Y until May 7, 2013 date. After May 7, 2013, all employers must use the revised Form I-9 for each new employee hired in the United States.

Revised Form I-9 Has New Features

The revised Form I-9 has several new features, including new fields and a new format to reduce errors. The instructions to the form also more clearly describe the information employees and employers must provide in each section.

English and Spanish Versions Are Available

The new Form I-9 is available in both an English language version and a Spanish language version.

Contact Vision Payroll for Further Information

Contact Vision Payroll if you have further questions on the revised Form I-9.

March 7, 2013

Unemployment Insurance Weekly Claims Report Update for March 2, 2013

Acting Secretary of Labor Seth Harris
Acting Secretary of Labor Seth Harris
According to the US Department of Labor, in the week ending March 2, the advance figure for seasonally adjusted initial claims was 340,000, a decrease of 7,000 from the previous week’s revised figure of 347,000. The 4-week moving average was 348,750, a decrease of 7,000 from the previous week’s revised average of 355,750.

Advance Seasonally Adjusted Insured Unemployment Rate Remains Unchanged

The advance seasonally adjusted insured unemployment rate was 2.4% for the week ending February 23, unchanged from the prior week’s unrevised rate.

Advance Seasonally Adjusted Insured Unemployment Increases

The advance number for seasonally adjusted insured unemployment during the week ending February 23 was 3,094,000, an increase of 3,000 from the preceding week’s revised level of 3,091,000. The 4-week moving average was 3,121,750, a decrease of 37,500 from the preceding week’s revised average of 3,159,250.

February 21, 2013

Unemployment Insurance Weekly Claims Report Update for February 16, 2013

Acting Secretary of Labor Seth Harris
Acting Secretary of Labor Seth Harris
According to the US Department of Labor, in the week ending February 16, the advance figure for seasonally adjusted initial claims was 362,000, an increase of 20,000 from the previous week’s revised figure of 342,000. The 4-week moving average was 360,750, an increase of 8,000 from the previous week’s revised average of 352,750.

Advance Seasonally Adjusted Insured Unemployment Rate Remains Unchanged

The advance seasonally adjusted insured unemployment rate was 2.4% for the week ending February 9, unchanged from the prior week’s unrevised rate.

Advance Seasonally Adjusted Insured Unemployment Increases

The advance number for seasonally adjusted insured unemployment during the week ending February 9 was 3,148,000, an increase of 11,000 from the preceding week’s revised level of 3,137,000. The 4-week moving average was 3,186,250, a decrease of 6,750 from the preceding week’s revised average of 3,193,000.

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