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Securities Offered Through DaVinci Capital Management, Inc.

799 Cambridge St., Cambridge, MA 02141 
617-354-3222 I Member FINRASIPC
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December 13, 2019

Massachusetts Paid Family & Medical Leave Contributions Due

Under the new Massachusetts Paid Family Leave Law employees and other covered individuals in the Commonwealth will be entitled to a generous set of new paid leave benefits and rights beginning January 1, 2021. While no benefits are available under the MA PFML until 2021, the first quarterly contributions to the Commonwealth's MA PFML fund...

November 14, 2019

Qualified Plan Contribution Increases

In addition to reminding your employees to submit a new W4 if their withholding allowances have changed or will change in the next year (i.e., change in marital status), your end of year employee communications should include the following changes to contribution limits for

401(k) and Flexible Spending Arrangements.

401(k) Contribution Limit Increased to $19,500

T...

October 21, 2019

Health Insurance Responsibility Disclosure: Massachusetts

Attention Massachusetts Employers with Six or More Employees in Massachusetts. Filing can be done as early as November 15, 2019 on the MassTaxConnect (MTC) Web Portal. The Annual Health Insurance Responsibility Disclosure (HIRD) Form is due no later than December 15, 2019.

In 2018, the state of Massachusetts re-introduced the HIRD form.  The...

October 18, 2019

What happened.  On September 30, 2019 , the U.S. Equal Employment Opportunity Commission (EEOC) charged in a lawsuit Assisted Living Concepts, LLC d/b/a Enlivant and North Brook Place, a national owner and operator of senior living facilities, violated federal law by failing or refusing to make a reasonable accommodation to an employee with a disability resulting in her termination.

According to th...

October 4, 2019

What happened.  Exempt employees, because of their rate of pay and type of work that they do, are not eligible for overtime pay for hours worked over 40 in a workweek. Non-exempt employees must be paid time and a half for any hours worked more than 40 in a workweek. On September 24, the Department of Labor announced a final rule changing the salary-test for determining whether an employe...

October 2, 2019

Employers who sponsor group health plans that offer prescription drug coverage to Medicare-eligible individuals are reminded that they must provide the Medicare Part D Notice to those individuals by October 15.

These notices serve to inform Medicare-eligible individuals whether the prescription drug coverage offered is "creditable," meaning it is expected to pay, on average, as much as the s...

September 30, 2019

IMPORTANT DEADLINE

Massachusetts employers have through today Monday, September 30, 2019 to ensure they distribute Individual notices to their employees.

Going forward, you will have 30 days in which to inform new employees with this notice; we recommend adding this document to your standard employee on-boarding packages.

For employers of 25 or more covered individuals...

The total contribution is 0....

September 30, 2019

Today, September 30, is the deadline to file Component 2 EEO-1 for 2017 and 2018 data; however, on September 27, 2019, the EEOC announced in a status report filed in the lawsuit discussing post-September 30th activities that “the report collection will not be complete until it reaches what the Court has determined to be the target response rate…” There is no information on how long the portal will...

September 24, 2019

One threshold in determining whether an employee is non--exempt or exempt under the Fair Labor Standards Act (FLSA) is the earnings threshold.  Currently, FLSA Regulations (promulgated by the U.S. Department of Labor) state that employees earning less than $23,600 per year ($455 per week) are nonexempt while Employees who earn more than $100,000 per year are almost certainly exempt.  

On...

September 14, 2019

Paid Family and Medical Leave: Massachusetts

If you're a Massachusetts employer with a workforce of any size, you're required to begin withholding Paid Family and Medical Leave contributions from covered individuals' wages beginning October 1, 2019. This is the pay date on or after October 1, not the pay period beginning October 1.  

Your contribution responsibilities depend on your a...

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