Entries by Laurie Towler

New York Enacts Paid Family Leave Program

New York State has passed legislation that will require all private employers to provide employees with paid family leave. Insurance Options:  Employers will be required to purchase a paid family leave insurance policy or self-insure. The premium for the policy will be funded solely by employees through a payroll deduction. Maximum Contributions:  The premium rate […]

Details of the Recently Proposed Tax Reform Plan

Proposed Changes for Individuals: Consolidate the current seven income tax brackets into three, with rates on ordinary income of 10 percent, 25 percent, and 35 percent, although the income level at which these rates would apply was not announced Double the standard deduction, which would increase to $12,700 for single taxpayers, and to $25,400 for […]