Cal/OSHA
The Occupational Safety and Health (OSH) Act of 1970 requires certain employers to prepare and maintain records of work related injuries and illnesses. At the end of the year, all establishments must complete OSHA's Form 300A, the "Summary of Work-Related Injuries and Illnesses", even if no work-related injuries or illnesses occurred during the year. For further information clarifying mandatory recordkeeping, please click on the link below.
»» http://www.keenan.com/ezine/now/docs/Cal_OSHA_0208.pdf
In January, the IRS issued a notice that provides guidance on determining whether a child is an employee's dependent because the child is a "qualifying relative" under Internal Revenue Code Section 152. Among other requirements, to be a "qualifying relative" a child must not be the qualifying child of any other taxpayer under Section 152. This notice clarifies that a child who would otherwise be an individual's dependent will not fail the "not anyone's qualifying child" test if the other taxpayer who could potentially claim the child as a qualifying child is not required to file a federal income tax return and either (1) does not file such a tax return, or (2) files a tax return solely to obtain a refund.
A copy of the IRS notice can be found at:
»» http://www.irs.gov/pub/irs-drop/n-08-05.pdf
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Select an issue below:
• January 2008
IRS Employee Plans to Host Roundtable Discussion
IRS Employee Plans is an informative government periodic newsletter with retirement plan information for retirement plan practitioners - attorneys, accountants, actuaries and others. They are hosting a roundtable to raise awareness of the need to comply with tax qualification requirements. For more information about this roundtable, please click on the link below.
»» http://www.irs.gov/pub/irs-tege/se0308.pdf
Background Report on the California Occupational Safety and Health Program
The Occupational Safety and Health (OSH) Act of 1970 created The Occupational Health and Safety Administration (OSHA) to help employers and employees reduce injuries, illnesses and deaths on the job in California. This year they released a report on the state of safety and health in the workplace in California. To view a copy of the report, please click on the link below.
»» http://www.keenan.com/ezine/now/docs/CHSWCBackground_0208.pdf
Also, please click on the additional link to view the agenda to improve health and safety in the California workplace.
»» http://www.keenan.com/ezine/now/docs/CHSWCReport_0208.pdf
U.S. Labor Department unveils online resource to help Americans chart retirement finances
The U.S. Department of Labor today released a new online resource that makes it easier for Americans to prepare for a financially secure retirement. A series of interactive worksheets were developed as a companion to a 2006 publication entitled “Taking the Mystery Out of Retirement Planning”. Using the worksheets, individuals who are 10 to 15 years from retirement can calculate their income and savings as well as their projected expenses in retirement. To read the news release, please click on the link below.
»» http://www.dol.gov/opa/media/press/ebsa/ebsa20080224.htm
Growth in National Health Expenditures Projected to Remain Steady Through 2017
Growth in health care spending in the United States is projected to be 6.7 percent in 2007, according to a report issued by the Centers for Medicare and Medicaid Services (CMS). Average annual growth is expected to remain near that rate through 2017, the report said. For further reading on this subject, please click on the link below.
»» http://www.cms.hhs.gov/...
Family and Medical Leave Act March 2008 New Regulations Summary
This briefing provides an update on the Family and Medical Leave Act.
»» http://www.keenan.com/news/brief/2008/0307_fmla.pdf
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