LEGISLATIVE SESSION STARTS TUESDAY, JANUARY 8
82ST ANNUAL SCADA CONVENTION TO BE HELD AT THE RITZ-CARLTON LAKE OCONEE, GA.
The 2019 Convention will take place Friday, May 17- Sunday, May 19. Please mark you calendars NOW for our event. Registration will be done online, but please keep an eye out as it is not yet available.
SOUTH CAROLINA INTERNATIONAL AUTO SHOW & CAREER FAIR
Check out the 2018 SC International Auto Show at the Greenville Convention Center, located at One Exposition Drive, in Greenville, January 11-13. Show times are 10am-9pm Friday and Saturday, and 10am-5pm on Sunday. Ticket prices are as follows:
Adults (13 & over) $8
Senior Citizens (62+) $5
Military (with any DOD ID) $5
Children (12 & under) FREE
New this year is the Career Fair hosted by SCADA. Our goal is to help our Dealers fill open job positions and build relationships with Automotive Tech schools in the State. The Career Fair will take place Friday, January 11, 2019 from 9AM-1PM. If you would like to register for a booth, click HERE.
SCADA DEALER PAC
It is time again for SCADA to support the campaigns of our friends in Legislature. To do so, we need Dealers to contribute to the State PAC. Last year we had over 50% of our membership contribute. Let’s beat that number this year! Click here to fill out the form and send back to SCADA as soon as you can. We greatly appreciate your support.
NADA ANNUAL CONVENTION JANUARY 24-27 IN SAN FRANCISCO, CA
Make your reservations now by clicking the image in the footer below. Don’t miss an opportunity to congratulate our 2019 TIME Dealer of the Year, Graham Eubank.
The age for receiving full retirement benefits in 2019 is 66 for persons born from January 2, 1943 to January 1, 1955. The full retirement age for persons born in 1955 is 66 years and 2 months. The full retirement age will increase by two additional months each successive year until reaching 67 years for those born in 1960 or later.
Persons receiving early retirement benefits who are at least 62 years of age, but are under the full retirement age, can earn $17,640.00 per year ($1,470.00 per month) in 2019 without losing benefits. One dollar ($1.00) in benefits will be withheld for every two dollars ($2.00) earned above the limit.
Persons who reach full retirement age in 2019 may earn $46,920.00 per year ($3,910.00 per month) in the months prior to reaching full retirement age. The penalty for earnings in excess of $46,920.00 is $1.00 for every $3.00 earned over the limit. There is no earnings limit beginning the month a person reaches full retirement age.
The 2019 earnings base for Social Security (old-age, survivors, and disability insurance – OASDI) tax will increase to $132,900.00, and the base for the Medicare part of the Federal Insurance Contributions Act (FICA) tax will have no limit. As always, employers must match the tax payments withheld.
The maximum monthly Social Security benefit for an employee retiring at full retirement age is $2,788.00.
MILEAGE REIMBURSEMENT RATE FOR BUSINESS USE OF PERSONAL VEHICLE
The mileage rate an employer may reimburse an employee for business use of a personal vehicle will increase from 54.5 to 58 cents per mile in 2019. The mileage allowance is intended to cover fuel, taxes, depreciation, insurance, and maintenance associated with operating a personal vehicle for business purposes.
The 2019 rate for miles driven for medical or moving purposes is 20 cents and 14 cents per mile for miles driven in service of charitable organizations.
FEDERAL UNEMPLOYMENT TAX ACT (FUTA)
The federal tax rate remains at 6.0% on the first $7,000.00 of wages earned for 2019. However, with a federal credit of 5.4% for businesses that pay their state unemployment taxes on time and in full, this results in a net tax rate of 0.6%. This equates to $42.00 per employee who earns at least $7,000.00.
SOUTH CAROLINA UNEMPLOYMENT INSURANCE
For 2019, unemployment tax rates will decrease for all but the lowest and highest tax classes. The lowest rate will remain at $8.40 while the highest will be $764.40 for each employee who earns the full base wage of $14,000.00. New accounts will initially be assigned a rate of $121.80.
The current maximum weekly unemployment benefit is $326.00 and claimants who are eligible without disqualification will receive benefits chargeable to a liable employer for up to 20 weeks.
OSHA FORM 300 MUST BE POSTED BY FEBRUARY 1, 2019
The revised OSHA Form 300 and instructions are available at OSHA’s website www.osha.gov. Illnesses and accidents which occurred in the workplace in 2018 must be recorded and posted on the OSHA Form 300. This summary should be posted by February 1, 2019, and should remain in place until April 30, 2019. The form should then be kept on file for five (5) years.
Companies with 10 or less full or part-time employees at any one time in the previous calendar year are normally exempt from OSHA recordkeeping requirements. Several industry groups, including automobile dealerships and lumber and building supply dealers, were previously exempt from these requirements but are subject to the recordkeeping requirements as of 2015. A complete listing of companies that are subject to or exempt from the recordkeeping requirements can be found at www.osha.gov/recordkeeping.
HARASSMENT/DISCRIMINATION TRAINING AVAILABLE FOR MANAGERS AND EMPLOYEES
Over the past year, many of our clients have scheduled Harassment and Discrimination awareness training sessions for employees as well as prevention and response training for managers and supervisors. Although not mandatory in the Carolinas or Georgia at this time, such state level training requirements are becoming more common. In addition, the EEOC and the federal courts have made it clear that employers who provide periodic training will be viewed more favorably when a claim of harassment or discrimination is filed.
The consultants at Sloan Montgomery have been conducting this training with clients for years. Contact our office for additional details and to obtain a quote on this service, which will be based on the number of sessions and locations involved. You may contact our firm, Sloan, Montgomery, Gregory & Hall, Inc., at (803) 782-9246.
CLOSING FEE REGISTRATION
Dealers must file their proposed closing fee and pay the registration fee before January 31 of each year.
Click here for the Closing Fee Filing Form.
LEGISLATIVE SESSION STARTS TUESDAY, JANUARY 8