Significant Overtime Rule Changes in Virginia
Beginning July 1, 2021, Virginia employers will be subject to new state overtime pay requirements under the Virginia Overtime Wage Act (VOWA). Previously, Virginia had been content to rely on the overtime pay requirements of the federal Fair Labor Standards Act (FLSA).
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Collection of 2019 and 2020 EEO-1 Data Will Open April 26
The U.S. Equal Employment Opportunity Commission (EEOC) has announced that the 2019 and 2020 EEO-1 Component 1 data collection will open on April 26, 2021. The deadline for submitting 2019 and 2020 EEO-1 Component 1 data is July 19, 2021.The EEO-1 Component 1 collects workforce data from employers with 100 or more employees and federal contractors with 50 or more employees.
2020 HSA Contribution Deadline Extended
The IRS has extended the deadline for taxpayers to May 17, 2021, to make contributions to health savings accounts (HSAs) for the 2020 plan year. The IRS also extended the deadline for making contributions to individual retirement arrangements (IRAs and Roth IRAs), Archer medical savings accounts (Archer MSAs), and Coverdell education savings accounts (Coverdell ESAs).
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