This year, employers may be surprised to find the penalty for failing to file a Form 5500 jumped all the way to $2,063 per day (up from $1,100). But that’s just the tip of the iceberg. (more…)
Payroll
Right now, you're probably hyper-focused on how the DOL's new overtime salary threshold will impact your workforce -- and that's certainly understandable. But a recent Supreme Court ruling reminds employers that overtime eligibility is based on a lot more than…
In order for companies to running smoothly and efficiently, collaboration and trust between Finance and HR is absolutely critical. Unfortunately, the former doesn't seem to have much trust in the latter. (more…)
What’s keeping C-level execs up at night? Just a few small concerns like the new overtime rules, a likely increase in bias claims based on sexual orientation, the Affordable Care Act and the threat of workplace violence. (more…)
The Dept. of Labor (DOL) has checked off the new OT regs from its spring 2016 regulatory to-do list, but that’s not all the agency has in store for employers. (more…)
Everybody's running lean nowadays. But there’s a point where budget cuts can seriously compromise safety. The Philadelphia School District recently learned that lesson the hard way. (more…)
The DOL’s prediction about the new overtime reg’s impact on exempt employees: 4.2 million workers will become non-exempt on Dec. 1, 2016. That means most firms will be dealing with the challenge of transitioning exempt staffers to a non-exempt status.…
It might seem like 2015’s tax season just ended, but that doesn’t mean you don’t have to start thinking about 2016’s yet. (more…)
It’s one thing to call the DOL’s final fiduciary rule “arbitrary, capricious, and contrary to law,” but it’s another thing altogether to sue the federal agency for creating the rule in the first place. (more…)
Given the lean staffing trend of the last few years, it’s no surprise Finance pros are turning to benefits administration systems to ease day-to-day workloads. But with new software vendors popping up every day, how can you find the right system? …
The DOL’s new overtime rule will likely cause lots of currently exempt employees to begrudgingly begin punching a time clock. This may lead to two unintended consequences that could turn into big headaches for Finance. (more…)
Is the DOL’s new overtime rule going to be a burden for businesses? Yes. There’s no denying that. But compared to the original proposal, there are some things to be happy about. (more…)
