Back in late July, Governor Malloy signed legislation to increase Connecticut’s hourly minimum wage over two years by $.75 to $9.00 by January 1, 2015. Since this has not been in the news for a while, I want to remind everyone that now is the time to prepare for the change and to be informed on how the increases in minimum wage will take place.
Under the new law—effective January 1, 2014, the Connecticut minimum wage will increase to $8.70 from the previous minimum wage of $8.25. A second increase will be effective January 1, 2015 raising the minimum wage from $8.70 to $9.00.
If you own a restaurant, the employer’s tip credit percentages will be adjusted to maintain the employer’s share of tipped employees’ wages, for hotel & restaurant tipped employees as well as Bartenders, at the current levels despite the increases in the overall hourly minimum wages rates. Please call if you have questions on the tipped employees.
If we prepare your payroll, we will adjust any minimum wage employees to the new rate effective with the first payroll check date of 2014. If you prepare your own payroll or have another payroll provider, this is a reminder to make certain that all of your employees’ pay rates are set to the new minimum wage effective with the first pay check date of 2014—this could mean that some work for the end of December could be at the higher rates depending on your payroll cycle and check date.
If we can be of any assistance or answer any questions please feel free to contact me.
Carl H. Sanders, Jr., EA | OwnerPADGETT BUSINESS SERVICES® of Eastern Connecticut
387-F Tuckie Road
North Windham | CT | 06256
Phone: 860.942.8315 | Cell: 860.455.8067 | Fax: 860.942.8317