It is likely that President Biden’s administration will implement a mandatory vaccine policy for all private-sector employers with 100 or more employees. Failure to comply with the policy will result in significant fines (up to $13,600 per violation). This sounds
Latest from Schneiders & Associates Blog - Page 9
Estate Planning Tax Law Changes – Be Prepared!
None of us can predict what will happen in D.C., but we can take steps now to prepare for changes coming in the near future.
As we write this commentary, Congress and the White House are negotiating over proposed legislation
Ventura County Mask Mandate – Update
On Friday, September 17, 2021, Ventura County extended its indoor mandatory mask mandate through October 19, 2021, for both the vaccinated and unvaccinated. County officials are concerned about the increased transmission of COVID-19, specifically among the unvaccinated. The mandate requires
Don’t Miss Out on New State Income Tax Deduction for your Federal Tax Returns!
To Qualify, Single Member LLCs and sole-proprietorship would have to become S-corporations or Partnerships for Tax Filing Purposes.
- Since the Tax Cut and Jobs Act was passed, there’s been a $10,000 cap on the state and local/property tax deduction on
FDA APPROVAL OF THE PFIZER COVID-19 VACCINE – WHAT EMPLOYERS NEED TO KNOW
On August 23, 2021, the FDA approved Pfizer-BioNTech COVID-19 Vaccine. The vaccine will be marketed as Comirnaty and is approved for people who are 16 years of age and older. The FDA’s approval will very likely encourage more employers to
CalOSHA Updates Emergency Temporary Standards (ETS) for COVID-19 in the Workplace
Cal/OSHA Guidelines for Employers
After nearly 15 months of being quarantined, tested, facemasked, socially-distanced, and finally vaccinated, Californians are returning to “normalcy”, which in many instances, means returning to the workplace. Below you will find what Employers need to know
2021 COVID-19 SUPPLEMENTAL PAID SICK LEAVE UPDATE
EFFECTIVE MARCH 29, 2021
- Employees who work for Employers with more than 25 employees are entitled to up to 80 hours of Paid Sick Leave (PSL).
- The Employee can make the request for PSL orally or in writing.
- This leave
Meal Period Timekeeping – California Supreme Court says “No” to Rounding?
Many employers use rounding to adjust an employee’s work hours to the nearest whole time increment, such as five or ten minutes. Employers beware! However, in a newly published decision, timekeeping rounding must not apply to meal periods.
California employers
Demographic Pay Data Reporting – Due March 31, 2021
Large employers are now required to provide demographic pay data to the California Department of Fair Employment and Housing (DFEH) by March 31, 2021. SB 973 requires private employers of 100 or more employees, that are also required to file
Important Issues to Consider When Setting Up Your Estate Plan
Often estate planning focuses on the “big picture” issues, such as who gets what, whether a living trust should be created to avoid probate and tax planning to minimize gift and estate taxes. However, there are many smaller issues, which