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Recent changes to federal labor laws are set to significantly impact the landscape of overtime eligibility for salaried employees across the United States. On April 23, 2024, the U.S. Department of Labor (DOL) released its final ruling on updating the minimum salary requirements for overtime exemptions under the Fair Labor Standards Act (FLSA). Key Takeaways: …

Continue reading “DOL Raises Salary Threshold for FLSA Exempt Employees”

What is the Retirement Savings Contributions Credit or the Saver’s Credit? The Retirement Savings Contributions Credit also known as the Saver’s Credit offers a benefit for low-to-moderate-income taxpayers making eligible retirement contributions, functioning as a nonrefundable credit to lower owed taxes potentially to zero.  The Saver’s Credit offers a financial incentive for individuals contributing up …

Continue reading “Retirement Savings Contributions Credit (The Saver’s Credit)”

The start of a new year presents an excellent chance to enhance your retirement savings. A 401k plan is a retirement savings plan provided by an employer to its eligible workers. This plan allows for payroll deductions to be made either before taxes, following the traditional 401k plan format, or after taxes, as seen in …

Continue reading “Secure Act 2.0 Explained: Transforming Your 401k & Retirement Planning”

Since the pandemic, companies have dealt with the complexities of employment law related to remote and hybrid workers. It’s estimated that as of 2022, 26% of employees in the United States work remotely, and it’s projected that the number will reach 36.2 million by 2025. During the pandemic, 40% of workers reported being more productive …

Continue reading “DOL guidance for remote workers under FLSA & FMLA”

The U.S. Department of Labor recently proposed a rule that clarifies how businesses of all sizes ought to classify workers. Whether a worker is treated as an employee or an independent contractor will have an outsized impact on the worker and also the business. Here’s what we all know up to now concerning the worker …

Continue reading “New Worker Classification Proposed by DOL”

For many people, the cost of borrowing for college is a lifelong burden that deprives them of that opportunity. Announced back in August 2022, President’s Biden student debt relief plan offers targeted debt relief as part of an effort to address the burden of increasing college costs and make the student loan system more manageable …

Continue reading “Student Loan Debt Relief Program – Info & Updates”

Employment laws and regulations are constantly changing, which means the struggle to stay compliant is never-ending. While many prospects can see the challenges of staying abreast of compliance regulations; the struggle is larger for employers. With a multitude of laws, rules, and regulations to comply with and employees that must be managed, staying on top …

Continue reading “Common Compliance Questions”

New Posting and Policy Creation Requirement In response to the COVID-19 pandemic, New York State passed the New York Health Essential Rights Act (HERO Act). This New York State Hero Act legislation applies to ALL NYS employers, regardless of size, with worksite employees located in New York State.

Is an Employer Still Required to Provide Paid Sick Leave Due to a COVID-19 Diagnosis?

The American Rescue Plan Act (ARPA) established a 100% COBRA premium subsidy for assistance eligible individuals (AEI) for the period April 1st, 2021 through September 30th, 2021.