Today, the minimum wage for workers in the City & County of San Francisco goes up to $13.00 per hour, up from the previous $12.25 per hour. This contrasts with the state’s current minimum wage, which is $10.00 per hour. In addition to San Francisco, several other California…
Determining when an employee gets overtime — and when an employee can be considered “exempt” from overtime — is tricky business in California. Penalties can be extraordinarily severe for an employer who improperly classifies a worker as “exempt.” In general, under current California law, every employee who works…
California Governor Jerry Brown announced that a deal had been reached with the California legislature to gradually raise the state’s minimum wage to $15 an hour by 2022. This would give California the highest state-wide minimum wage in the country. Under the new law, the state minimum wage…
The Angel Resource Institute and PitchBook just released their Q3 2015 Halo Report. The report shows that angel investment for the quarter has increased dramatically, with the median round size ($725K) up 45% from Q2 2015 levels ($500K). Other notable findings include: 1. Software, commercial services, and healthcare…
California has once again been ranked the #1 “Judicial Hellhole” in America by the American Tort Reform Foundation (ATRF). This is the third time in four years that California has claimed the title. The exception was last year, when New York stole the top ranking due to “monumentally…
Beginning January 1, 2016, the new standard IRS mileage rates are: $0.54/mile for business miles driven; $0.19/mile for medical or moving purposes; and $0.14/mile for service to charitable organizations. Employers that use the standard IRS rates for employee reimbursement purposes should review and adjust their expense reimbursement policies…
Last Friday, the SEC adopted final rules to allow companies to offer and sell securities through crowdfunding. These new rules are designed to give smaller companies access to additional investment options and, in addition, to provide investors with additional protections. As I discussed in a prior blog post…
Only 14% of employers with fewer than 100 employees offer a 401k plan. That’s because 401k plans generally are expensive and require considerable paperwork and other maintenance. That’s especially true for smaller 401k plans — because they hold fewer assets, they generate less trading fees and have less…
On Saturday, June 13, 2015, Los Angeles Mayor Eric Garcetti signed into law a measure that would gradually increase the city’s minimum wage to $15/hour. Under this new law, in July 2016 the minimum wage in Los Angeles will increase to $10.50. Each year thereafter, the minimum wage…
Beginning January 1, 2015, the new standard IRS mileage rates are: $0.575/mile for business miles driven; $0.23/mile for medical or moving purposes; and $0.14/mile for service to charitable organizations. Employers that use the standard IRS rates for employee reimbursement purposes should review and adjust their expense reimbursement policies…