Revised Federal Minimum Wage Poster

Under the Federal Fair Labor Standards Act (“FLSA”) the minimum wage increases to $5.85 per hour effective July 24, 2007, to $6.55 per hour effective July 24, 2008, and to $7.25 per hour effective July 24, 2009. Until July 24, 2009, employers in New York must continue to comply with the higher minimum wage of $7.15 per hour established under the New York State Minimum Wage Act. On July 24, 2009, the New York minimum wage will automatically increase to $7.25 per hour to be consistent with the FLSA.

 

 

Employers are required to post a Federal minimum wage notice in a conspicuous place in their establishments so that employees can readily read it. The U.S. Department of Labor (“USDOL”) has revised the Federal minimum wage poster to reflect the new minimum wage increases. The revised poster, which must replace your current minimum wage poster beginning on July 24, 2007, can be downloaded and printed from the USDOL’s web site athttp://www.dol.gov/esa/regs/compliance/posters/flsa.htm

 

Many Small Tax-Exempt Organizations Have New Information Reporting Requirement

The IRS is mailing educational letters this month to more than 650,000 small tax-exempt organizations that may be required to submit a new annual notice, Form 990-N, Electronic Notice (e-Postcard) for Tax-Exempt Organizations Not Required to File Form 990 or 990-EZ. Exempt organizations with receipts of less than $25,000 will need to file the e-Postcard in 2008. Get more information in news release IR-2007-129.