Paid Sick Leave
On September 7, 2015, President Barack Obama signed Executive Order 13706, establishing Paid Sick Leave for Federal Contractors. The Executive Order requires certain parties that contract with the Federal Government to provide their employees with up to 7 days of paid sick leave annually, including paid leave allowing for family care. It became effective for new contracts on January 1, 2017. Learn more at: www.dol.gov/whd/flsa/eo13706/faq.htm.
Fair Pay and Safe Workplaces
President Obama sign Executive Order 13673 – Fair Pay and Safe Workplaces on July 31, 2014. The intention of this order was to ensure that contractors and subcontractors that work for the Federal Government understand and comply with U.S. labor laws which are designed to promote safe, healthy, fair and effective workplaces. The paycheck transparency provision of this Executive Order also became effective on January 1, 2017. This requires certain contractors and subcontractors to provide employees with a wage statement of the number of regular and overtime hours worked per pay period, amount paid, and any additions or deductions made from their pay. In addition, this Executive Order requires that employers provide independent contractors with a document stating their worker classification status. Contractors and subcontractors subject to this executive order should ensure that employee pay statements comply. More information is available at: www.dol.gov/asp/fairpayandsafeworkplaces.
Please feel free to contact me at 610.828.1900 or Marty.McCarthy@MCC-CPAs.com with questions regarding your situation.
Disclaimer: This article is for informational purposes only and does not constitute professional advice. Information contained in this communication is not intended or written to be used as tax advice, and cannot be used by the recipient to avoid penalties that may be imposed under the Internal Revenue Code. We strongly advise you to seek professional assistance with respect to your specific issue(s).