November was a busy month in the employee benefits world. President Trump nominated Alex Azar for Secretary of the U.S. Department of Health and Human Services (HHS). The Internal Revenue Service (IRS) updated its guidance on employer shared responsibility penalty assessments and released guidance on Qualified Small Employer Health Reimbursement Arrangement (QSE HRA) implementation and […]
Read moreTag: exemption
Salary Considerations under the New DOL Standards – Correction to blog post on 8/3/16
On August 3, 2016, the posted blog incorrectly stated the minimum compensation for exempt employees was raising to $47,003. Please accept our apologies. The correct information is listed below. On December 1, 2016, the Department of Labor (DOL) will implement changes raising the minimum compensation for exempt employees to $47,476 annually. While salary is […]
Read moreSeats are almost gone! Register now! – July Webinar
Bim is pleased to extend an invitation to attend our upcoming monthly compliance Webinar. In conjunction with our alliance with United Benefit Advisors, you have the opportunity to learn more about the latest compliance trends and regulations from one of the nation’s leading employment and benefit law firms, Jackson Lewis LLP. Best of all, you can take advantage […]
Read moreFederal Overtime Regulations for Thoroughbred Businesses
The following blog was originally posted on June 23, 2016, via Dean Dorton Allen Ford, PLLC. The U.S. Department of Labor recently released its final regulations, issuing changes to Part 541, which govern certain overtime exemptions under the Fair Labor Standards Act (FLSA) for executive, administrative, professional, computer, and outside sales employees. Under current law, certain […]
Read moreOvertime Exemption Rules Arrive
After a long wait, the Department of Labor (DOL) has released the revisions to the white collar overtime exemption rules in the Fair Labor Standards Act. The new rule becomes effective on December 1, 2016. Enterprises Generally speaking, the Fair Labor Standards Act applies to employees of “enterprises.” Enterprises are: A federal, state, or local […]
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