Category
Payroll
Minimum Salary Not Increasing, 2024 Overtime Rule Overturned
A federal judge in the U.S. District Court in Texas has blocked the Department of Labor (DOL) rule that increased the salary thresholds for the new overtime pay regulations under the Fair Labor Standards Act (FLSA). Bottom line – the proposed increase in salary required to qualify for a salaried exempt position will not take......
Employee Name Change Checklist for Human Resources
If your employee has reported that they have legally changed their name, here are the items you will want to review and make sure are updated. Request that the employee complete a name change form, or complete an HR employee change form, or maintain the email request from the employee about their name change. Request......
Checklist of HR and Payroll Updates for 2023
Happy new year! It’s now time to review and update your company’s HR and payroll practices and documents for 2023. As we close out 2022, and begin 2023, it’s time for human resources and payroll to take some important January actions. Here is Consultstu’s 10 point HR checklist to help you get up to date......
Salary Reduction for an Exempt Employee: What are the rules?
At Consultstu, this is probably the most common question we receive from employers. The federal Department of Labor (and the Fair Labor Standards Act) states that exempt employees must be paid a fixed salary that cannot be reduced based on the quality and quantity of the employee’s work. To qualify for an exemption, employees must......
What is Trump’s Employee Payroll Tax Deferral program?
Is your head spinning yet? There have been a dizzying array of federal, state and local financial programs launched to help employers and give economic stimulus to the struggling American economy. The latest program is the Employee Payroll Tax Deferral program, and it has generated a good number of questions to our office from companies......
What are the basic rules for PPP Loan Forgiveness?
In April, small/mid businesses all over Florida jumped at the chance to obtain SBA loans to help stay in business and fund payroll. The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) Paycheck Protection Program (PPP) authorized billions for qualifying businesses to obtain loans for payroll, benefits, rent and other costs, and the ke...
Treasury, IRS and Labor announce plan to implement Coronavirus-related paid leave
On Friday (March 20), the U.S. Treasury Department, Internal Revenue Service (IRS), and the U.S. Department of Labor (Labor) announced that small and midsize employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-rel...
New Overtime Law Took Effect January 1, 2020
In case you missed it over the holidays, the newest Department of Labor regulation went into effect on January 1, 2020. Why does it matter? If your company pays employees on a salary basis (i.e. employee is exempt from minimum wage and overtime as an executive, administrative, or professional employee) then the minimum salary threshold necess...
New Overtime Rule: Exempt Threshold To Increase from $23,660 to $35,568 January 1, 2020
WHAT HAPPENED? This Tuesday (September 24, 2019), the Department of Labor announced the following changes to the FLSA’s white-collar overtime exemptions, to become effective January 1, 2020: The minimum salary threshold for exempt status will be $684 per week, annualized to $35,568 per year. The highly compensated employee exemption’s total...
Checklist for Leaving your PEO in Florida
If your small to mid-size business has decided to leave your Professional Employer Organization (PEO), you may be wondering about the various action items you must do (and consider) to get out. There are financial and staffing issues to consider so that your exit is as smooth as possible. When using a PEO, you are......
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