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.

July 21, 2020

July 2020 Minimum Wage Changes Take Effect

Posted by Jenn McCabe

Minimum Wage

Despite COVID-19 disruption, scheduled July minimum wage rate increases were not postponed.  There was an average increase of just under $1/hour across all affected jurisdictions.  Check your records to ensure these increases, particularly the city/county increases, were processed.

Minimum wage increases will have an impact on your salaried staff, too.  Minimum salary (exempt) pay thresholds are a product of the minimum wage.

The following changes were effective July 1, 2020.

Statewide minimum wage increases in:

  • Maryland
  • Illinois
  • Oregon
  • Washington DC
  • Nevada

At least 38 city/county minimum wage increases, including:

  • Los Angeles
  • San Francisco
  • Chicago
  • Cook County, IL
  • Minneapolis
  • Saint Paul
  • Montgomery County, MD

Stay on your toes for future increases:  payroll changes can happen quarterly!   

Missed the July deadline? We can help. Don’t hesitate to reach out to our experts. And for more information on navigating the “new normal,” visit our COVID-19 resource center.

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