Anchor Payroll Blog

Minimum Wage, Tip Credit, and Exempt Salary Changes

Posted by Anchor Staff on Dec 28, 2020 10:35:26 AM

Employers in New York are subject to different minimum wages, allowable tip credits, and minimum exempt employee salaries based on where employees work and what kind of work they do. The wage increases listed below take effect on December 31, 2020.

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Topics: tips, Tax Credits, Minimum Wage, Exemptions

COVID Relief Bill: Tax Credits for Paid Leave Extended to March 31

Posted by Anchor Staff on Dec 28, 2020 9:53:09 AM

A new $900 billion coronavirus relief bill has become law and answers the question of whether federal Emergency Paid Sick Leave (EPSL) and Emergency Family and Medical Leave (EFMLA) will be extended.

The answer is yes, but it’s an option, not a requirement. Here’s what employers need to know:

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Topics: covid, Tax Credits, EFMLA, EPSL