Payroll
Report: Prices Rising Faster than Wages
Food prices are rising. And inflation, that word common in American conversation 25 years ago, is eating up wage gains.
Massachusetts Increases Minimum Wage to $11, Decreases Unemployment Insurance
Governor Deval Patrick signed legislation to increase the minimum wage in increments to $11 per hour by 2017. The law also lowers unemployment insurance costs.
No Payroll Newsletter on Friday, July 4, 2014
CPA Practice Advisor will be closed on July 4 so that our staff can enjoy the Independence Day weekend with their families. As such, we will not be producing the CPA Payroll Advisor newsletter on that day.
Analytical Consumers Do Better Financially
New research by Money Anxiety shows that analytical consumers earned an average of $139 a year in interest income on a $10,000 certificate of deposit compared to only $62 in annual interest income earned by consumers who made an impulsive decision to move their money to liquid bank accounts such as checking, savings and money market.
Report Shows Who is Most Likely to Come Up Short on Retirement Savings
Will Baby Boomers and Gen Xers have enough money to live on when they retire, and if not, when will they run short? New modeling by the nonpartisan Employee Benefit Research Institute (EBRI) finds that those in the lowest-income brackets are most likely to run short, many in the first year of retirement.
Massachusetts Nurses Group Targets CEO Pay
While hospital executives from across Massachusetts meet in Chatham this week, a nurses union is running a radio ad that criticizes Massachusetts hospital chiefs' compensation packages and calls for greater transparency of hospital finances.
Why Your Firm Should Rethink Cloud Security
Despite the growth of cloud-based technology, many accountants are hesitant to move all of their client data and firm management systems online. A survey conducted by CPA2Biz last fall found that 43 percent of CPAs have their doubts about the security of cloud-based applications, feeling “somewhat confident” or “not confident at all.”
Paychex Acquires Nettime Solutions
Payroll and human resources provider Paychex, Inc. has acquired Nettime Solutions, LLC, a maker of cloud-based time and attendance solutions.