SB 30 was passed on June 6, 2017 and was vetoed by Governor Brownback the morning of June 7, 2017. The Legislature promptly overrode the Governor’s veto on the evening of June 7th with a vote of 27-12 in the Senate and 88-31 in the House. Several provisions are effective January 1, 2017. Read more for a summary of the bill.

Whether your workers are independent contractors or employees impacts the way you handle payroll, how you pay taxes, and how many full-time employees your business has, etc.

For most people, Medicare takes effect the first of the month you turn 65. Once you enroll in any part of Medicare (Part A, Part B, or Part C), you are no longer eligible to contribute to an HSA. This includes employer contributions to your HSA. If you continue to contribute to your HSA after enrolling in Medicare, those contributions are considered “excess contributions”  and are subject to a 6% excise tax. Do you need to stop HSA contributions before age 65? This depends on when you enroll in Medicare Part A and Part B and pre-planning is recommended at least 6months prior in order to avoid any excess contributions subject to additional taxes.

In a few months, the world of overtime pay in the US will change. A new US Department of Labor rule takes effect December 31, 2016, and small businesses, large corporations, and everyone in between are preparing for implementation.

On September 7, Equifax, a consumer credit reporting agency, announced it experienced a cybersecurity hack last week potentially impacting 143 million people. The breach occurred from mid-May through July 2017, and the personal information accessed by hackers includes names, Social Security numbers, birth dates, address and some driver's license numbers. Read more about how to protect yourself and visit https://www.equifaxsecurity2017.com/ to review important consumer information.