New Overtime Regulation Effective December 1, 2016
This morning, the U.S. Department of Labor released the greatly anticipated new overtime regulation which becomes effective on December 1, 2016. The new regulation deals primarily with the “white collar exemption” from the Fair Labor Standards Act’s overtime requirements. Currently, … Continue reading
Repeal of TEFRA: Planning for Changes to IRS Partnership Audits
In November 2015 Congress passed the Protecting American from Tax Hikes Act of 2015 also known as the 2015 Bipartisan Budget Act (commonly referred to either as PATH 2015 or BBA) repealing the current procedure for partnership audits. Rules and … Continue reading