law Archives - Abacus Payroll

Payroll for Law Firms and Other Professional Services Businesses

| posted by Abacus Payroll

If you’re a small to mid-sized law firm or other professional services firm, your business generates some fairly complex payrolls that probably include expense tracking, PTO accruals, or bonus and commission calculations. You likely don’t have the time or the accounting manpower to stay on top of ever-changing tax regulations that impact those complex payrolls. […]

DOL Announces Final Overtime Rules for 2020

September 26, 2019 | posted by Abacus Payroll

After several years of attempting to get proposed overtime changes off the ground, the U.S. Department of Labor announced on September 24, 2019 a final rule to make 1.3 million additional American workers eligible for overtime pay. The new provisions update the Fair Labor Standards Act’s (FLSA) regulations and minimum salary thresholds in which executive, […]

Wage Theft Act Enacted in New Jersey

September 23, 2019 | posted by Abacus Payroll

On August 6, 2019, the New Jersey Acting Governor, Sheila Oliver, signed into law the New Jersey Wage Theft Act (the “Act”), which modifies New Jersey’s existing wage and hour laws to protect employees from unfair pay practices. The Act is one of the strongest anti-theft protection laws in the U.S. and has gone into […]

New Jersey Retirement Plan: State-Mandated or In-House?

August 1, 2019 | posted by Abacus Payroll

The state of New Jersey recently implemented a mandatory retirement fund for small business employees, becoming the ninth state to do so. While the plan is employer-friendly insofar as employers don’t have to contribute to it out-of-pocket, there are still some considerations and incentives for using your own in-house 401(k) plan to help your employees […]

Family Leave Expansion for New Jersey Employees

July 1, 2019 | posted by Abacus Payroll

The FMLA is always a hot area to debate, and it’s normal to see legislature slightly expanding—or restricting—this vital component of workers’ rights. However, the Family Leave Act (FLA) and Family Leave Insurance (FLI) bills signed in New Jersey will drastically expand the parameters of past FMLA regulations, meaning you’ll have to be ready to […]

Updating Your Employer Handbook for 2019

May 31, 2019 | posted by Abacus Payroll

Your employee handbook should be a go-to compendium of resources to help both you and your employees keep your workplace compliant and employee-friendly. Unfortunately, it can be all too easy for you to let your employee handbook’s contents go without an update for long enough that it no longer mentions relevant criteria, thus landing you […]

New Jersey’s Minimum Wage Set to Increase to $15 an Hour

February 1, 2019 | posted by Abacus Payroll

On January 31, 2019, New Jersey State Legislature approved legislature proposed by Governor Phil Murphy and state leaders earlier in the month to raise New Jersey’s minimum wage to $15 per hour. While the Governor is expected to sign the bill into law on Monday, February 4, employers will have some time to prepare and adjust […]

Avoiding Labor Poster Fees

September 26, 2018 | posted by Abacus Payroll

If you own a company of any size, you’re probably familiar with labor posters. Labor posters—those placards with information about employees’ rights—are unsightly but mandatory wall décor for every workplace, and the penalties for not putting them up are stiff. Here’s what you need to know to avoid labor poster-based fees in 2018. Risk and […]

7 Questions for Your 2018 Mid-Year Payroll & HR Checkup

June 28, 2018 | posted by Abacus Payroll

Now that June is coming to an end, the first half of 2018 is in the rear view mirror. However, the remaining months will be a busy, bumpy ride if you don’t get your payroll and HR in-order for the rest of the year. New Jersey employers especially have several new labor law requirements that […]

Equal Pay for Equal Work: New Jersey’s Gender Pay Gap Solution

June 25, 2018 | posted by Abacus Payroll

New Jersey Equal Pay Act Signed Into Law. In addition to the state’s new Paid Sick Leave law, there’s another significant change coming to New Jersey’s employment law landscape: As of July 1, 2018, New Jersey businesses will be required to provide proof that women receive the same pay for work equal to that performed by […]