08/11/2016
You’ve done your due diligence in response to the new regulations that substantially raise the weekly salary employees must earn to be exempt, now comes the hard part—training their managers in the finer points of the FLSA.
08/04/2016
If you administer payroll for a partnership, you have problems. Final regulations reiterate the IRS’ position on partners: You can be a partner or an employee, but you can’t be both. And, according to the regs, this remains true if a partnership owns a disregarded entity.