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If you own a business, chances are, you’re dealing with payroll. A lot of companies outsource this service to other businesses or accountants to handle for them. Whether you run payroll yourself or hire someone to do the foot work for you, there are a variety of basic principles you must know to ensure you…
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There are Changes to the New Overtime Rule. On September 24, 2019, the Department of Labor announced the new overtime rule which goes into effect January 1, 2020. This will be the first time in 15 years that the salary cutoff has been increased and we can probably expect more in the future. Currently, the…
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In early 2016, the Department of Labor announced an update to overtime regulations that will make some currently exempt employees eligible for overtime pay later this year. The new Fair Labor Standards Act overtime rules state: Workers who do not earn at least $47,476 a year ($913 a week) will have to be paid overtime,…
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