Word to the wise: When OSHA comes knocking, take the visit seriously the first time around. Otherwise, the penalties can really pile up, as a boat manufacturer in Florida recently learned the hard way. Here’s what happened. Workplace Safety and…
Employment Law
The U.S. Supreme Court’s 2024-25 term opened this week – and several employment issues are already on the docket. Here are six cases to watch: On the Supreme Court’s Calendar Two cases have already been scheduled for oral arguments. One…
An employer in Florida has agreed to pay $47,480 in damages to resolve a pregnancy accommodation charge, the EEOC recently announced. The agreement represents the first-ever settlement resolving a Pregnant Workers Fairness Act (PWFA) complaint made to the EEOC. But…
Some of the biggest companies are ending their diversity, equity and inclusion (DEI) initiatives -- and doing so quickly. Brown-Forman, maker of Jack Daniel's whiskey, is ending its “quantitative workforce and supplier diversity ambitions ... [and its] participation in the…
The Federal Trade Commission (FTC) ban on non-compete agreements won't go into effect in early September and is doubtful to become the law of the land anytime soon. A federal district court judge in Texas granted summary judgment for a…
Twenty-six financial firms are on the hook for $392.75 million in fines for securities recordkeeping violations. Several of the brokers, dealers and investment advisers made themselves a target by not keeping records of their communications. "Off-channel" communication enforcement efforts are…
A North Texas company made a very expensive mistake. It misclassified workers as contractors and didn't pay them for overtime put in. The Department of Labor's (DOL) wage & hour division determined that 430 heating, ventilation and air-conditioning (HVAC) technicians…
The U.S. Supreme Court (SCOTUS) handed down enough precedent-breaking decisions this spring to make anyone's head spin. The upshot: Businesses can expect to see fewer costly rules from federal regulators over the next 10 years. ResourcefulFinancePro covered nearly all of…
The Financial Accounting Standards Board (FASB) is calling on publicly traded companies to report employee compensation. And that's not all. As we reported a few months back, FASB also wants public firms to report manufacturing and inventory expenses on their…
The Department of Labor's independent contractor (IC) rule that went into effect on March 11 is forcing many businesses to triple-check they're in full compliance. The rule helps to clarify gray areas in IC/employee determinations. Employers must follow a six-factor…
A federal ban on employee non-compete agreements may not go into effect in September after all. Two lawsuits scheduled to be decided in late July and the end of August may put the kibosh on the Federal Trade Commission's (FTC)…
Full disclosure: We never know for certain which topics will grab the attention of CFOs, controllers and other finance professionals. Often times we know, like when withholding tables for the following year are announced. But sometimes, we're surprised by how…
