June 2015: Implementing the New MA Earned Sick Leave regulations

June 2015 Meeting:

Implementing the New MA Earned Sick Leave regulations

Saleha Walsh from Insource Services, Inc. gave a presentation about implementing the new MA Earned Sick Leave regulations.  Saleha is a seasoned human resources and general operational management professional with 20 years of experience as a troubleshooter. Insource Services Inc. offers: full department outsourcing; generally part-time and long term; “a la carte” services including recruiting; assessments; trainings; and project/Interim assignments.
Under the new Massachusetts Sick Leave law, organizations must offer the following sick leave provisions: paid sick leave where there are 11 or more FTEs; carry-over of at least 5 days required; mandatory notice requirements; and earned sick leave that runs concurrently with other leaves (FMLA, etc.).

The new law applies to any person who performs services for wages, including the following categories: full-time or part-time; seasonal; employees paid on a fee-for-service or piece work will accrue sick time based on a reasonable measure of the time employees work (for example, adjunct faculty compensated on a fee-for-service or “per-course” basis shall be deemed to work 3 hours for each “classroom hour” worked); temporary employees; and paid interns. The important dates to keep in mind for implementing this new law are: July 1, 2015 – compliance with basic provisions required by all organizations; and December 31, 2015 – Safe Harbor policy development extension date for organizations with existing paid sick leave policies. Read More

May 2015: Capitalization and Fixed Assets: What You Don’t Know but Should

May 28, 2015 Meeting:

Capitalization and Fixed Assets: What You Don’t Know but Should

Capitalization and depreciation may not seem like an exciting topic but it is important. What is your capitalization threshold, and why? Do you group all new purchases together and depreciate them or expense them if they are under the threshold? What non-physical items, such as website development, databases and equipment installation can be capitalized? What are best practices for capital budgeting and how do you fund capital purchases and allocate their expense? What about upcoming changes to fixed assets by FASB? This session will be practical information about this topic and an opportunity to ask questions.

The presenter was Alexandria Regan, an audit partner at KAF (Kirkland, Albrecht and Fredrickson), specializing in not-for-profit clients.