Here are a couple quick updates on changes to 1099 non-employee compensation reporting and delay of Michigan minimum wage increase. Please note important filing dates and related penalties:
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Effective January 1, 2020, the Department of Labor updated the thresholds for workers to be considered exempt from overtime.
Changes were also made to Form W-4, the Michigan minimum wage and the business mileage rate. Following is a summary of some of the changes employers should be aware of.
Michigan’s minimum wage increased on January 1, 2016 to $8.50 per hour for workers 18 years or older, and to $3.23 per hour for tipped employees. This increase is part of Public Act 138, the Workforce Opportunity Wage Act, passed May 27, 2014, which gradually increases Michigan’s minimum wage to $9.25 per hour in 2018.
A new minimum wage law was signed by Governor Snyder on May 27. Starting this September, the first in a series of increases to the state minimum wage will go into effect.