Payroll

Ohio's 330,000 minimum wage workers will see their pay climb 10 cents to $7.95 an hour beginning Jan. 1 when the automatic hike takes effect. Minimum wages for tipped workers will get a 5 cent bump to $3.98 an hour.

The IRS surprised employers a few weeks back with a rule change that allows flexible spending account participants to roll over up to $500 of their unused account balances into the next year.

It's no secret that information technology has changed the way we work. From tablets and smartphones to cloud-based processes, change has come at a shocking pace for firms and their clients.

For the third year in a row, nearly 70 percent of North American employees do not plan to use all of their annual vacation time.

A "Boomer flight" is coming, as the currently retiring generation of Americans are leaving New York City en masse, carrying with them tens of billions in retirement dollars and lost money to the local economy every year.

After years on the job and endless family responsibilities, baby boomers are ready to redefine what it means to be retired. A composite of Del Webb Baby Boomer surveys completed throughout 2013 found that boomers plan to use retirement to revamp their social lives and focus on their overall physical well-being.

Private-sector employment increased by 215,000 from October to November, on a seasonally adjusted basis. - See more at: http://www.adpemploymentreport.com/2013/November/NER/NER-November-2013.aspx#sthash.wsbOAXOE.dpuf

There are a couple of different ways to calculate payroll deductions, with the first being to find out what local rates are for deductions through taxes. Find out about software programs for calculating payroll deductions with help from a business professor in this free video on running an office. Expert: John Niemira Bio: John Niemira is a business professional who has been in the business industry for many years. Filmmaker: Michael Burton