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Clients - it's been quite the year! We're so thankful to have you with us, and we hope that 2014 has brought you much success! As you reflect on the 2014 calendar year, what were some of your staffing firm's biggest successes, and what were some challenges you had to overcome? How have the lessons you learned in 2014 shaped your resolutions for 2015 - and what advice would you give to fellow staffing professionals? We want to hear your stories! Tell us by clicking on the link: https://www.surveymonkey.com/r/8KJBPNZ
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| Are you ready for Year-End? |
 
Reminder
For those of you that are new subscribers to Greenshades, the manual is designed to introduce you to the year-end process. For past Greenshades users it will jog your memory or act as a refresher after one of our webinars or trainings. The manual walks you through the steps needed to file your returns with Greenshades and it shows you where to find information on the standard reports. If you are planning to have our tax team assist you with filing your returns, please plan early. Schedule your appointment via email, taxteam@avionte.com, by January 4th with our year-end team. Thank you for your partnership and please feel free to contact us with any questions.
Email: taxteam@avionte.comPhone: 651.328.6060 |
Minimum Hourly Wage
A significant number of states will see increases in the state minimum hourly wage on January 1. However, two states, New York and West Virginia, will get a head start by increasing their rates on December 31, to $8.75 per hour and $8.00 per hour, respectively.
The highest minimum wage is in the District of Columbia, which increased its minimum wage to $9.50 on July 1, 2014. Effective January 1, Washington's minimum wage will be a close second, at $9.47 per hour, followed by Oregon at $9.25 per hour.
Georgia and Wyoming continue to have the lowest minimum wages, each still at only $5.15 per hour. However, most employers and employees would be subject to the federal minimum wage rate of $7.25 per hour.
Alabama, Louisiana, Mississippi, South Carolina and Tennessee do not have statutory provisions covering minimum wages. In those states, the federal minimum wage would apply.
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State minimum wage rates for 2015 are as follows. Except as noted, these rates take effect on January 1, 2015:
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Alaska -$8.75 per hour. Voter approval of Ballot Initiative 3 (13 MINW) in the November 2014 General Election increases the state minimum wage by $1 from its current $7.75 per hour.
Arizona -$8.05 per hour. Tied to the cost of living, Arizona's rate increases from the current $7.90 per hour by 1.7% (rounded to the nearest multiple of 5 cents).
Arkansas -$7.50 per hour. Voter approval of Ballot Issue Number 5 in the November 204 General Election increases the state minimum wage by $1.25 from the current $6.25 per hour.
California -$9.00 per hour, effective as of July 1, 2014, per amendment by Ch. 351 (A.B. 10), L. 2014.
Colorado -$8.23 per hour. The Colorado Department of Labor and Employment, Division of Labor, adopted new Minimum Wage Order No. 31 (7 CCR 1103-1) to increase the minimum wage from the current $8.00 per hour.
Connecticut -$9.15 per hour. Public Act 14-1 (S.B. 32), L. 2014, increases the state minimum wage from its current $8.70 per hour.
Delaware -$7.75 per hour, as of June 1, 2014. The state minimum wage is scheduled to increase to $8.25 per hour on June 1, 2015, per Ch. 186 (S.B. 6), enacted January 30, 2014.
District of Columbia -$9.50 per hour, as of July 1, 2014. The minimum wage in the District is scheduled to increase to $10.50 on July 1, 2015, per DC Law 20-91 (Act 265; B20-459), enacted January 15, 2014.
Florida -$8.05 per hour. Tied to the cost of living, the 12-cent increase reflects a change in the cost of living of 1.54% (12 month period ending September). The current minimum wage is $7.93 per hour.
Hawaii -$7.75 per hour. The change reflects a 50-cent increase from the current $7.25 per hour, per S.B. 2609, L. 2014.
Maryland -$8.00 per hour. The change for 2015 reflects a 75-cent increase over the current $7.25 per hour, per Ch. 262 (H.B. 295), L. 2014. The minimum wage in Maryland is scheduled to increase again, to $8.25 per hour, on July 1, 2015.
Massachusetts -$9.00 per hour. The $1.00 increase over the current $8.00 per hour is per Ch. 271 (H.B. 4781), L. 2014. Michigan--$8.15 per hour, as of September 1, 2014 (Act 138 (S.B. 934), L. 2014).
Minnesota -$8.00 per hour for large employers (annual gross sales of not less than $500,000) and $6.50 per hour for smaller employers, effective as of August 1, 2014, per Ch. 166 (H. 2091), L. 2014. The minimum wage is scheduled to increase to $9.00 per hour for larger employers and $7.25 per hour for smaller employers on August 1, 2015.
Mississippi -No statutory provisions. For those employers and employees subject to the federal Fair Labor Standards Act, the federal rate of $7.25 per hour applies as of July 24, 2009.
Missouri -$7.65 per hour. The increase for 2015 reflects a 15-cent increase from the current $7.50 per hour. Missouri's minimum wage, which is tied to changes in the cost of living, does not apply to retail and service businesses whose annual gross sales are less than $500,000. For other nonexempt employees and employers, Missouri law does not allow the state's minimum wage to be less than the federal rate of $7.25 per hour.
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Montana -$8.05 per hour. The 15-cent increase from the current $7.90 per hour reflects a 1.7% increase in the cost of living (rounded to the nearest 5 cents). The minimum wage for a business whose gross annual sales are $110,000 or less is $4.00 per hour.
Nebraska -$8.00 per hour. The state minimum wage applies to employers with 4 or more employees. The 75-cent increase from the current $7.25 per hour was approved by voters in the November 2014 General Election (Ballot Measure 425).
Nevada -$8.25 per hour, as of July 1, 2010, for employees who do not receive qualified health benefits from their employers. The minimum wage is $7.25 per hour for employees who receive qualified health benefits from their employer. Although Nevada's minimum wage is tied to inflation, Labor Commissioner Thoran Towler announced in an annual bulletin on April 1, 2014, that the rates would remain unchanged from the prior year.
New Jersey -$8.38 per hour. The 13-cent increase from the current $8.25 per hour is based on a 1.59% increase in the cost of living.
New York -$8.75 per hour, effective as of December 31, 2014. The minimum wage will increase to $9.00 per hour on December 31, 2015. The increase is part of a series of scheduled increases included in the 2013-2014 budget, enacted March 29, 2013 (Ch. 57 (S.B. 2607). Until December 31, 2014, the minimum wage in New York is $8.00 per hour.
Ohio -$8.10 per hour. Currently the minimum wage is $7.95 per hour. The 15-cent increase for 2015 is based on a 1.6% increase in the cost of living (September 2013 to August 2014). Ohio's minimum wage law applies to employees of businesses with annual gross receipts of more than $297,000 per year. For employees at smaller companies with annual gross receipts of $297,000 or less per year, and for minors ages 14 and 15, the minimum wage is $7.25 per hour.
Oregon -$9.25 per hour. Currently, the state minimum wage is $9.10 per hour. The 15-cent increase is based on an increase in the cost of living.
Rhode Island -$9.00 per hour. The $1.00 increase over the current $8.00 per hour minimum wage is per Ch. 273 (H. 7194) and Ch. 325 (S. 2249), L. 2014, enacted July 1, 2014.
South Dakota -$8.50 per hour. Currently the minimum wage is $7.25 per hour. Voters approved the increase for 2015 in the November 2014 General Election (Initiated Measure 18). The measure also provides for future increases to be based on any increases in the cost of living.
Vermont -$9.15 per hour. Currently the minimum wage in Vermont is $8.73 per hour. The state's minimum wage was amended by Act 176 (H. 552), L. 2014, which provides for a series of scheduled increases through 2018; Beginning in 2019 Vermont's minimum wage will once again be tied to increases in the cost of living.
Washington -$9.47 per hour. Currently the minimum wage in Washington is $9.32 per hour. The 15-cent increase reflects a 1.59% increase in the cost of living. The state minimum wage applies to workers in all industries who are 16 years of age and older.
West Virginia -$8.00 per hour, effective as of December 31, 2014. The minimum wage will increase to $8.75 per hour on December 31, 2015. Until December 31, 2014, the minimum wage in West Virginia is $7.25 per hour. The increases are put in place by Ch. 124 (H.B. 4283) and by Ch. 5 (H.B. 201), Laws 2014.
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