Legislative Update on FLSA Overtime Regulations

By Keiter CPAs

Legislative Update on FLSA Overtime Regulations

On Tuesday, November 22, 2016, a Texas judge issued a preliminary injunction that effectively halts/delays the implementation of the Department of Labor (DOL) regulation that would change the way that employers have to start paying overtime to salaried workers.  President-Elect Trump has also threatened to roll back this regulation.

The ruling was set to go into effect on December 1, 2016. We will continue to monitor this issue and keep you updated.

For a summary of the ruling on changes to the overtime exemptions, read our article:

DEPT. OF LABOR ISSUES FINAL RULE ON FLSA OVERTIME REGULATIONS

 

Questions on this topic?  Contact your Keiter representative or Email | 804.747.000

 

Source:
www.wsj.com

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Keiter CPAs

Keiter CPAs

Keiter CPAs is a certified public accounting firm serving the audittax, accounting and consulting needs of businesses and their owners located in Richmond and across Virginia. We focus on serving emerging growth businesses and companies in the financial servicesconstructionreal estatemanufacturingretail & distribution industries and nonprofits. We also provide business valuations and forensic accounting servicesfamily office services, and inbound international services.

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