Here are 5 crucial Payroll Tax
and HR updates for 2015…
1. The California State Disability Insurance (SDI) withholding rate for 2015 is 0.9% (was 1% in 2014)
2. The 2015 taxable wage base for the Social Security is $118,500 (was $117,000 in 2014)
3. California Paid Sick Leave takes effect July 1st: The Healthy Workplaces, Healthy Families Act now requires all California employers to provide at least 3 days of paid sick leave to all employees who work 30 or more days in California, including part-time and temporary employees. While accrual and ability to use this sick leave begins July 1, 2015, posting and notice requirements are in effect as of January 1st.
4. Affordable Care Act Employer Mandate: Employers with 100 or more full time equivalent employees are now required to offer health insurance coverage or face a possible penalty.
5. Labor Contractor Requirements: California Business entities with 25 or more workers that contract with staffing agencies or outside labor providers are now accountable for wage and hour violations. If the labor contractor fails to pay its employees properly or to provide workers’ compensation coverage, the law imposes legal responsibility on the client employer.