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I am a long-time and satisfied client of Parms + Company. When I first met John Parms and Ted Johnson, they were obviously very bright, aggressive and engaging. I knew then they would be a perfect fit for my accounting needs. Parms + Company have been an integral part of the growth and development of my law practice. They and their staff are always available to respond to their client’s needs. Not only do I utilize their services for my personal and business matters, I call upon them frequently to serve as an expert witness in forensic accounting. Their skill, reputation, and professionalism are assets in which I trust and rely. I highly recommend Parms + Company to anyone in need of skilled accounting services at an affordable price.

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Home > Resources + Tools > Blog > Minimum Wage To Increase January 1st

Minimum Wage To Increase January 1st

December 31, 2014

Beginning Friday, January 1, Ohio’s minimum wage will increase to $8.10 an hour.

The Federal Labor Standards Act (FLSA) contains minimum wage provisions which most employers in the U.S. are required to pay. Currently that rate is $7.25/hour. However, many states have adopted minimum wage rates higher than the federal rate, including Ohio.

When state rates and the federal rate are different, employers must pay their employees the higher rate. Employers should review their employees’ pay rates to ensure they are paying the correct minimum wage. Also, update minimum wage poster notices if necessary to be in compliance with wage and hour regulations.

I bring my taxes to Parms + Company every year, and they are finished timely and professionally. They are true experts in what they do and are very proactive. I trust Parms. - Marco Sommerville Akron, Ohio