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The California New Mandatory Paid Sick Leave Law Effective July 1, 2015 California New Mandatory Paid Sick Leave: The implementation of the new rules regarding California Sick Leave. As of July 1, 2015, will apply to all employees, whether part-time or full-time. Essentially, there are two (2) different methodologies: (i) the “accrual method”; and (ii) the “allotment method”. The accrual method basically allows each employee to earn one (1) hour … Read more

IRA One-Rollover-Per-Year Rule Due to the IRA One-Rollover-Per-Year Rule, beginning January 1, 2015, you can make only one rollover from an IRA to another (or the same) IRA in any 12-month period, regardless of the number of IRAs you own (Announcement 2014-15). You can, however, continue to make as many trustee-to-trustee transfers between IRAs as you want. You can also make as many rollovers from traditional IRAs to Roth IRAs … Read more

Concluding Employer Mandate Regulations Include Transition Relief for Mid-size Employers Due to Employer Mandate Regulations, mid-size employers may be eligible for recently announced transition relief from the Patient Protection and Affordable Care Act’s employer shared responsibility requirements. Final regulations issued by the IRS in late January include transition relief for mid-size employers for 2015. Mid-size employers for this relief are defined generally as businesses employing at least 50 but fewer … Read more