Recently, the US Department of Labor released new rules that increased the white-collar overtime threshold from $455 to $913 per week, an increase from $23,660 to $47,476 on an annual basis. To million of employees, the new rule is welcome news. With a broad new class of workers becoming eligible for overtime, many small businesses are scrambling to figure out how to factor the regulations into their bottom line. Is the new rule affecting you? How can you overcome these challenges? If you need assistance, we recommend you call us today and take advantage of our first 30-minute business consultation for FREE. If you feel that a friend or someone you know may face similar challenges, please allow us to help your friend by forwarding this email to your friend. Thank you!
Charlene X. Quah, CPA, Certified Tax Coach