November 16, 2016
This article first appeared in Inside INdiana Business’ “Perspectives”
Benjamin Franklin once wrote that nothing is certain “except death and taxes.” For modern-day corporate employers, however, compliance with the Fair Labor Standards Act’s new overtime regulations is just as mandatory – and perhaps just as difficult to comprehend. With an eye toward the December 1, 2016 effective date for these new Department of Labor rules, many business owners across the nation are scrambling to first figure out what’s included in the regulations, and then how to comply and reduce the likelihood of a federal audit. They might also discover unforeseen opportunities.