New FLSA Overtime Rules Are Published: Salary Threshold Amount and Timetable for Compliance Different Than Expected

The U.S. Department of Labor published the final overtime regulations on Tuesday, May 17. The regulations are different than anticipated in several respects, including the new salary threshold amount and the deadline for compliance. Although the changes are less drastic than expected, they are still significant. The exempt status of millions of wor…

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New FLSA Overtime Rules Could Be Effective As Early As Mid-June 2016: Employers Should Take Steps to Prepare Now

On March 15, 2016, the U.S. Department of Labor (DOL) sent the proposed final overtime regulations to the Office of Management and Budget (OMB) for review, marking the final step in the process before the new regulations are published. The OMB review can take anywhere from 30 to 60 days, with an estimated publication date in April or May. Based on …

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FLSA Flapjack Flop: Michigan Pancake House to Pay $245K for Noncompliance

Last month, a Michigan pancake house with restaurants in Kalamazoo and Benton Harbor was ordered to pay $245,000 in back wages and damages to 118 employees and retrain all of its managers to comply with the Fair Labor Standards Act (the FLSA). The court order was entered after the Department of Labor investigators found that the owners were violati…

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IRS Notice 2015-87: Additional Guidance on HRAs, ACA Reporting, Health FSA Carryovers and More

In December of 2015, the IRS issued IRS Notice 2015-87 (Notice) which provides employers clarifying guidance on Affordable Care Act (ACA) topics ranging from health reimbursement arrangements (HRAs), employer shared responsibility clarifications, information reporting, and additional guidance regarding the health FSA carryover rules. This client al…

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IRS Extends Deadlines for 2015 ACA Reporting

On December 28, 2015 the IRS released IRS Notice 2016-4, extending the due dates for the 2015 ACA information reporting on forms 1094-B, 1095-B, 1094-C and 1095-C and providing guidance for individual taxpayers affected by these extensions. These ACA reporting forms provide information to the IRS and individuals regarding information required under…

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