Making Life Less Taxing

I am a CPA & Certified QuickBooks ProAdvisor helping small business owners and self-employed individuals reduce taxes, minimize audit risk, and protect their personal assets. Order my books, Effective Tax Planning for the MicroBusiness & Choosing the Right Structure for Your Business at www.30minutebooks.com and read my opinions in BusinessWeek, Wall Street Journal, LA Times, Chicago Tribune, Newsday, Long Island Business News, Accounting Crossing, BrandWeek, & USAA Magazine.

Sunday, November 1, 2009

New Law Takes Effect 10/26/09

New Law Takes Effect 10/26/09

Effective 10/26/09, ALL employers in New York must provide the following information IN WRITING to any new hire:

Pay Rate
Changes in Payday
Earnings Statement (Paystub)
Time Off Policies
Termination

Additionally, all employers must obtain WRITTEN acknowledgement from each new hire that they have been provided with each of the above items AND employers must meet a minimum recordkeeping requirement by keeping detailed payroll records for at least three years.

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