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Archive for the ‘Payroll Related Laws’ Category

Características de un buen programa de nómina.

Icon Written by Administrator on November 2, 2013 – 4:26 pm

A la hora de seleccionar un programa de nómina debemos estar seguros de que el mismo posea unas características básicas. Cumplimiento La primera característica que debe poseer el programa de nómina es que cumpla con todos los requisitos de la jurisdicción en la cual se va a utilizar. Dichos requisitos comprenden la capacidad de calcular […]



HIRE Act: Questions and Answers for Employers

Icon Written by Administrator on June 25, 2010 – 10:30 am

Under the Hiring Incentives to Restore Employment (HIRE) Act, enacted March 18, 2010, two new tax benefits are available to employers who hire certain previously unemployed workers (“qualified employees”).



COBRA Continuation Coverage Assistance Under The American Recovery And Reinvestment Act

Icon Written by Administrator on May 19, 2009 – 11:44 pm

The American Recovery and Reinvestment Act of 2009 (ARRA) provides for premium reductions and additional election opportunities for health benefits under the Consolidated Omnibus Budget Reconciliation Act of 1985, commonly called COBRA.



Law Increases 401K Annual Limits

Icon Written by Administrator on May 13, 2009 – 9:59 am

On August 7, 2008, the Governor of Puerto Rico signed into law Act 186, which increases the pre-tax contribution limits for Section 1165(e) savings plans. Under prior law, pre-tax contributions were limited to the lesser of 10 percent of compensation or $8,000 per year. The new law removes immediately the 10 percent cap, so that the limit for 2008 plan years is $8,000 regardless of compensation. It also increased the annual limits for plan years beginning in 2009 and thereafter as follows:

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Restrictions On Social Security Number Usage

Icon Written by Administrator on May 2, 2009 – 11:15 am

On September 26, 2006, Law #206 was approved that restricts the usage of the employee Social Security number on identification cards and on any document of general circulation.

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