Financial Advisory Blog

Armanino’s Financial Advisory blog is your source for thought leadership around cloud ERP and accounting solutions and integrations. Supported by the Cloud Accounting Institute and numerous experts in cloud, finance, reporting, integration, compliance, and technology, Armanino’s Financial Advisory blog features must-read content on what’s happening in the finance industry, case studies, white papers, and much more.

December 19, 2016

California Minimum Wage Increases – News You Should Know

Posted by David Miller

California Minimum Wage IncreaseDid you know? The California minimum wage law has been modified so that the wages will gradually increase to $15.00 by 2022. Also, for the first time, the increases are grouped by employer size.

The schedule for the California minimum wage increases for large employers is as follows:

Large employers (26 or more employees)
January 1, 2017 $10.50
January 1, 2018 $11.00
January 1, 2019 $12.00
January 1, 2020 $13.00
January 1, 2021 $14.00
January 1, 2022 $15.00

The schedule for the California minimum wage increases for small employers is as follows:

Small employers – (25 or fewer employees)
January 1, 2018 $10.50
January 1, 2019 $11.00
January 1, 2020 $12.00
January 1, 2021 $13.00
January 1, 2022 $14.00
January 1, 2023 $15.00

For more information on the California Minimum Wage changes, visit the online version of Senate Bill No. 3 to learn about the changes.

Want to learn how the upcoming changes could affect your business and how to plan? Consider contacting the Armanino Outsourced Finance and Accounting team to discuss the options for your company.

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