Archive for December 2024

Hi all – This newsletter is to clarify and give guidance on a subject that has been a topic of much importance with many of our clients in years past and will continue to be moving forward. Many business owners need guidance on who is and is not an EMPLOYEE (on payroll) vs. INDEPENDENT CONTRACTOR…

Hi all- We wanted to share an important update regarding the planned changes to the federal salary thresholds for white-collar exemptions under the Fair Labor Standards Act (FLSA). On November 15, 2024, the U.S. District Court for the Eastern District of Texas issued a ruling that blocks the U.S. Department of Labor’s (DOL) planned salary threshold…

Hello, You may have heard that on December 3, 2024, a federal court in Texas issued an injunction suspending the mandatory BOI reporting regulations on a going forward basis. If we have already completed your BOI report and it was filed before this injunction was issued, you were already in compliance with the rules. As for…

Hi all- As the year comes to a close, we want to remind you of an important deadline that could significantly impact your business: Beneficial Ownership Information (BOI) Reporting Forms are due to us by December 16, 2024. This reporting requirement, established under the Corporate Transparency Act (CTA), applies to many businesses, including corporations, LLCs, and…