Update on FTC’s Rule on Non-Compete Agreements Earlier this year, the Federal Trade Commission (“FTC”) issued a rule that largely prohibited employers from requiring employees to sign non-compete agreements (the “Non-Compete Rule”). The rule was set to take effect on September 4, 2024. However, on August 20, 2024, the United States District Court for the […]
Category Archives: Regulatory Compliance
Businesses face challenges with classifying employees correctly
Employee classifications are based on job duties and responsibilities. The classifications impact compensation, benefits and work hours; they are also used by employers to maintain compliance with labor laws. Ensuring compliance with DOL regulations is important for small business owners and the best way to navigate these challenges is to join a Professional Employer Organization […]
Overtime Pay Rule Changes for Employers
Navigate the DOL regulatory changes by joining a PEO.
New Department of Labor Rules for Business Owners
Business owners who join a PEO will get an advantage January 2024, The Biden administration issued a new rule Tuesday intended to put more contractors on company payrolls, a change that could reverberate across a range of industries, including healthcare, restaurants, construction and transportation. The rule, which will go into effect in March 2024, would […]
June 2023 Regulatory Compliance Changes for Employers
Form I-9 updated employer procedures and requirements. On May 5, 2023, the U.S. Department of Homeland Security and U.S. Immigration and Customs Enforcement released an announcement stating employers had 30 days to comply with Form I-9 requirements after the COVID-19 flexibilities sunset on July ’31, 2023. Employers must ensure that all required physical inspection of […]
California Makes Retirement Plans Mandatory for Employers
The State of California is implementing a phased in mandatory retirement program to improve workers access to retirement savings tools. Employers with five or more employees in California must either offer a qualified employer-sponsored retirement plan or participate in the state’s Individual Retirement Account (IRA) program known as CalSavers, effective June 30, 2022. Qualified Employer-Sponsored […]
Payroll Tax Deferral Confusion for Business Owners
On August 8, 2020 President Trump issued an Executive Memorandum allowing employees who make less than $104,000 per year to defer their payroll tax withholding starting September 1 through the end of 2020. The intent was to keep more money flowing through the economy to counteract the economic impact of the coronavirus pandemic and to […]
Corona Virus Causes Chaos for Small Employers
For small businesses, navigating employment related laws and regulations has long been a challenge. The COVID-19 outbreak has produced a double whammy for many companies. Many employers are dealing with a loss of revenue combined with increasing employer related costs due to newly expanded rules related to sick leave, paid family leave and expansion of […]
SSA Announces Higher 2020 Wage Cap
In order to fund Social Security benefits for millions of American citizens, employee wages are taxed up to a specified earnings limit, known as the taxable wage cap. The Social Security Administration recently announced changes to the maximum limit on earnings subject to the tax. In October 2019, the SSA announced that the taxable wage […]
New Overtime Rule Coming for Employers
New Overtime rules for employers effective January 1, 2020.