Salaried Exempt Threshold Change: What You Need to Know About Extending Overtime Protection
The Federal Department of Labor (DOL) has introduced a significant change to the Salaried Exempt Threshold, which will impact many employers and employees. This ruling aims to ensure fair compensation for workers who put in extra hours, by raising the minimum salary required for an employee to be considered exempt from overtime pay. Here’s what […]
The Federal Trade Commission’s Final Non-Compete Rule: What It Means for Your Business
The Federal Trade Commission (FTC) has recently introduced a significant change to employment law that could have far-reaching implications for businesses across the United States. The final non-compete rule, announced by the FTC, aims to limit the use of non-compete clauses in employment contracts. This development is designed to promote fair competition, enhance worker mobility, […]
What is a 1099 form? A Comprehensive Guide for Small Business Owners
As a small business owner, you’re likely to encounter various tax forms and regulations that are crucial for compliance and financial management. One such important document is the 1099 form. This guide will walk you through everything you need to know about 1099 forms, from their definition to the filing process. What is a 1099 […]
Top 5 Compliance Challenges Faced by Small to Midsize Businesses and How to Overcome
As a bookkeeping, HR, and payroll compliance services firm, our mission is to help small to midsize businesses overcome the numerous challenges they face in maintaining compliance with legal and regulatory requirements. In today’s ever-evolving business landscape, ensuring adherence to various rules and regulations is crucial for the success and sustainability of any organization. This blog […]