OCTOBER 28, 2025 – As an equipment dealer, you may be wondering how the new One Big Beautiful Bill (OBBB) affects overtime pay and related tax deductions for your employees. Step 1: Does the Federal Overtime Law Apply to Your Employees? Before the OBBB comes into play, first determine whether your dealership is covered by...…
[2017; R-2017 | Keywords: Overtime Exemptions, Overtime, FLSA] The Fair Standards Act provides that employers subject to its provisions must pay its employees the specified minimum wage and overtime compensation. There are various exemptions from the Act, or portions of the Act, which are based on factors such as type of business activity, the amount...…
[Source: Bob Evnen, Woods & Aitken LLP, 07.2016 | Keywords: DOL, Employment Policies, Overtime] Recently, the U.S. Department of Labor Wage and Hour Division (DOL) released the highly anticipated final rule amending the Fair Labor Standards Act (FLSA) overtime pay regulations. The newly released rule consists of 496 pages of explanatory preambleÖand 12 pages of...…
Source: Bob Evnen, Woods & Aitken LLC, 09.2016 | Keywords: Policies, Overtime] The U.S. Department of Labor has issued a new rule raising the salary floor for white-collar overtime exemptions to $47,476 per year. The new salary floor becomes effective on December 1, 2016. The current salary floor is $23,600. This change will have no...…
