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Posts from: July 2016

ARE YOU READY FOR THE NEW DOL AUDIT!

Author: Jan Fernandez    Posted: July 28, 2016

The Department of Labor is out in force and you can’t stop the rampage. After all, they have to subsidize the exchange tax credits somehow, right?! The penalties associated with being out of compliance with the ACA can cause a company to go out of business. The penalty for non-compliance is generally $110 per day, per individual, per violation. But don’t worry, there is a cap – $500,000. According to a Seattle Business Magazine article, […]

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Terminating employees in a small company can be tough

Author: Venus Dean-Bullinger    Posted: July 18, 2016

I’ve been talking to many of my friends and colleagues that are small business owners.  Many of them are the Owner, CFO, CEO and HR all rolled into one. That can be a difficult position for one person to be in; especially in a small company.  Many small business owners have a difficult time when it comes to terminating employees.  So I did some research and found some helpful steps that may make it a […]

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From The Blog - Are you ready to start paying your salaried employees overtime?

A Department of Labor (DOL) final rule is getting ready to increase the salary threshold for overtime exemptions to $47,476, with is almost double what it currently is today. The House of Representative passed a H.R. 6094 which would delay this but it would also need to be passed by the Senate and approved by the president before it becomes las and the President has threatened to veto the bill. What does that mean to […]

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