3 min read
How to Recession-Proof Your Business
We’ve got an overheated economy and a bear market. IF we reach a recession this year, is your business ready? No one wants a recession, especially...
Meetings and trainings are an essential part of employee growth and success. Meetings, programs, lectures, seminars, webinars, etc. can all help with an employee’s career development. According to the Fair Labor Standards Act (FLSA), employers are required to compensate employees for all hours worked. However, employers don’t always follow those rules and quickly can find themselves in a heap of trouble.
According to the FLSA, time employees spend in trainings, meetings or lectures is only considered noncompensable if it meets four requirements:
Employees must be paid for their time if these criteria aren’t met.
We highly recommend consistently evaluating your policies and practices regarding your meeting and training sessions to ensure you are compliant with FLSA rules.
If you are uncertain whether meeting, lecture, or training time should be compensated, it may be worth consulting with an attorney who specializes in employment law to avoid or limit liability.
3 min read
We’ve got an overheated economy and a bear market. IF we reach a recession this year, is your business ready? No one wants a recession, especially...
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As a small business owner, you probably already do quite a bit of accounting, and you know how hard that work can be. When it starts to become a...
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Now that the year is coming to an end, we would like to revisit the new repair regulations. The IRS has decided that we need to determine whether to...