May 2016

From Now to December: Transitioning to the New Overtime Rules

On Tuesday, the White House announced the Department of Labor’s new rule updating the overtime regulations to cover an estimated 4.2 million newly eligible workers. As an employer, these changes affect your business — will you rethink your business model and hiring strategy to minimize your payroll costs? The Rule The update is the first in four decades, dating back to…

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Obama Extends Overtime Pay to Millions More Salaried Workers

On Tuesday, May 17th, 2016, the Obama administration passed a long-awaited rule that raises the cap for salaried workers owed overtime pay from $23,660 to $47,476. The cap, which has not been updated since 1975 (four decades), doubles the existing maximum annual income a salaried worker can earn and still be eligible for overtime pay. An estimated 4.2

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What’s a Payroll Reconciliation, and Why Do I Need One? Part II

In my first post on payroll reconciliation,  I suggested a good reconciliation for small payrolls (up to 150 employees).  For payrolls of a larger size, up to 3000 employees, you may want to use the “Compare” method. For this, you’ll need some reports, possibly custom, from your payroll system.  These reports will detail earnings by

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