The Internal Revenue Service has released the Applicable Federal Rates (AFRs) for April 2022. AFRs are published monthly and represent the minimum interest rates that should be charged for family loans.
The Internal Revenue Service has released the Applicable Federal Rates (AFRs) for March 2022. AFRs are published monthly and represent the minimum interest rates that should be charged for family loans to avoid tax complications.
Predictability Pay
Predictability pay is compensation employers must provide to employees if employers initiate changes to employees’ posted work schedules.
Covered employers include retailers, hotels, and food service establishments, plus chain establishments or franchises, with at least 30 locations and 250 employees worldwide. Covered employers must post employees’ work schedules 10 days in advance of the workweek. Covered employees include all non-exempt employees under either federal or state law.
If an employer requests to change an employee’s posted work schedule, it is considered an employer-initiated change in which predictability pay must be provided. Employer-initiated changes include when an employer:
Reduces an employee’s hours;