Is Your Business ERISA Compliant?

Gustave ByomDKA Notes

The following information is to advise you of a compliance issue you need to be aware of and possibly take action to ensure you avoid the risk of $110 per-day, per-employee penalties. There is an increase in the number of Department of Labor (DOL) rules regulating health and welfare plans, which is putting employers at an increased risk of significant …

IRS Telephone Scams Continue

Gustave ByomDKA Notes

The Internal Revenue Service issued a consumer alert providing taxpayers with additional tips to protect themselves from telephone scam artists calling and pretending to be with the IRS. These callers may demand money or may say you have a refund due and try to trick you into sharing private information. These con artists can sound convincing when they call. They …

Overtime Rules to Change

Gustave ByomDKA Notes

On May 18, 2016, President Obama announced the Department of Labor’s final rule updating the overtime regulations, which will automatically extend overtime protections to over 4 million workers considered “white collar.” This new rule will become effective December 1, 2016. The overtime rule changes employees classified as “white collar” to require wages of $913 per week, or $47,476 annually. The …