June 30, 2015
On July 1st, 2015, the new Massachusetts’ Earned Sick Time Law will take effect. All employers, regardless of employer size, will be required to provide earned sick time to all employees (full time, part time, seasonal, temporary, interns). Employers with 11 or more employees must provide paid sick leave. Employers with less than 11 employees must provide unpaid sick leave.
The final regulations issued by the Commonwealth of Massachusetts on June 23, 2015 contain significant changes. An employer is considered to have 11 or more employees if the employer maintained an average of 11 or more employees during the previous benefit year. The average number of employees during a benefit year will be determined by counting the number of all employees (full time, part time, seasonal, temporary, interns) on the payroll during each pay period and dividing by the number of pay periods.
Beginning on July 1st, 2015, you must:
For more information on the Massachusetts’ Earned Sick Time Law, please refer to our FAQ at https://www.stevenmellardcpa.com/resources/faq-mass-sick-time-law or contact us!
The combination of running a business and your life and preparing for tax time can drive some people into a slight panic. But no need to get stressed if you are prepared. Now is the time to start organizing all documents required to file your tax return.
Like the old paraphrased saying goes: In this world, two things are certain—death and taxes. The recent federal tax overhaul changed a lot of rules, so it’s as important as ever to understand your tax obligations, including those on Social Security benefits.
New Short-Term Rental Laws in Massachusetts
Today, Massachusetts adopted a new law taxing and regulating the short-term rental market. The following information should help Realtors® navigate the short-term rental market under these new laws and regulations.
What does this new law require?
The new law expands the...