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September 2014: What’s new in payroll?

News Sign On Paper Post ItWe know you’re busy – that’s why we put together the top things that you need to know about what’s happening in payroll. Here are the top news stories that may impact your business.

IRS New Releases:

GSA Issues Federal Per Diem Rates for the 2015 Fiscal Year

The General Services Administration has released its annual updated list of federal maximum per diem rates for travel to locations within the continental United States (CONUS). Per Diem Bulletin 15-1 is effective for travel undertaken on or after October 1, 2014.

Unemployment Rates – A new report

According to the Bureau of Labor Statistics, the jobless rate is up in 24 states, and down in 15 states according to a report from this past August. Eleven states had no change. Nonfarm payroll employment increased in 35 states and decreased in 15 states and the district.  Specifically in New York State, the unemployment decreased over the year. The rate was 7.7% in August 2013 compared to 6.4% in August 2014.  (Bureau of Labor Statistics)

At CPP, it’s our goal to keep you on top of the changes that may impact your business. And if you’d like more information on how we can help manage your payroll and keep your firm in compliance with all of the changes, please let us know. Whether your company is small or large, we’d be happy to help.

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