Both the Federal Government and the Commonwealth of Massachusetts require employers to post notices concerning employees’ rights. Employers must post these notices in conspicuous places, where employees are likely to see them. Failure to post these notices could result in fines, and/or the employer might lose the right to raise...
IRS Announces Estate And Gift Tax Exemption Amounts For 2023
IRS Announces Estate And Gift Tax Exemption Amounts For 2023. With inflation continuing to impact our economy, the IRS recently announced that they have adjusted their 2023 exemption amounts for estate and gift tax. Attorneys from our Trusts and Estates and Tax Law teams explain that the exemption for...
Student Loan Forgiveness Application Process Begins in October
Student Loan Forgiveness Update (October 2022)
ForgivenessPresident Biden has announced up to $20,000 in federal student loan forgiveness for borrowers earning less than $125,000 ($250,000 for married joint filers and heads of household). Borrowers with federal student loans who earn less than the income limits...
IRS has increased the standard mileage rate as of July 1, 2022
In March 2022, the Firm forwarded its annual, updated information regarding changes in the law concerning minimum wage, IRS mileage allowance and other change.
As a result of the worldwide gasoline shortage, created in part by the Russian attack on Ukraine, the IRS has increased the standard mileage rate...
Paid Family and Medical Leave Withholding Delayed
Legislative leaders and Governor Baker made a joint announcement that payroll withholding to fund the state’s new Paid Family and Medical Leave (PFMLA) will be delayed by three months to until October 1, 2019. This delay will allow employers across the Commonwealth more time to prepare.
Required Withholding Now...
Mark Your Calendars: Paid Family Medical Leave Changes
As part of the “Grand Bargain” legislation passed last summer, Massachusetts has a new Paid Family and Medical Leave Act (“PFMLA”). The PFMLA establishes a statewide Department of Family and Medical Leave and the Family and Employment Security Trust Fund (“Trust Fund“).
Beginning in 2021, employees will be able...
Do You Employ At Least One Employee or Independent Contractor?
Client Alert for all Massachusetts Businesses
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If so, you have upcoming obligations under the Massachusetts Paid Family and Medical Leave Act.
Critical Deadlines:
1) All employees and independent contractors must be informed via poster and individual signed notices no later than September 30, 2019. There...
Massachusetts Growth Capital Grant Programs Available
Two Program Options for Small Businesses
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Massachusetts Growth Capital Corporation has begun accepting applications for two new grant programs to support small businesses negatively impacted by the COVID-19 pandemic:
New Applicant Grant Program – available to businesses negatively impacted by COVID-19 that have...State and Federal Government Changes Affecting Employers and Employees
For the year 2022 the State and Federal Governments have announced the following changes affecting employers and employees:
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Minimum Wage: Massachusetts minimum wage was increased from $13.50 per hour to $14.25 per hour. This increase continues the changes in the minimum wage in Massachusetts with the ultimate goal of...
Massachusetts Ends the COVID-19 Paid Sick Program
On May 28, 2021, Governor Charlie Baker signed into law legislation requiring public and private Massachusetts employers to provide up to forty (40) hours of paid leave of up to $850 for COVID-19 reasons. The law provided for reimbursement by the State of the $850. Although the Program was supposed...