Finance News & Insights

The ‘common’ Payroll mistake that cost this company $165-plus

Even if the DOL acknowledges a company made a minor, “common” mistake regarding overtime calculations, it doesn’t mean the agency will let that company off the hook. [Read more…]

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No joke: If you violate FLSA, feds could stop your product shipments

CFOs are well aware of the common DOL actions for wage-and-hour violations: costly fines, penalties and extra work in the form of policy revisions, added training and compliance checks. But finance chiefs may be surprised to find some of the other tactics the feds can employ. [Read more…]

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Why this company is out $5M over a missing Oxford comma

CFOs everywhere will likely want to double- or triple-check their job descriptions and classifications after hearing this company’s unfortunate story. [Read more…]

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DOL’s new test makes it easier for you to offer unpaid internships

The feds just gave employers more incentive to offer internship programs. [Read more…]

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The ‘willful’ FLSA violation that catches many companies off guard

Granted, any time the DOL tosses an FLSA violation accusation on your company, it’s a major headache. But when the mistake is clearly unintentional and the feds slap you with a “willful” FLSA violation, it’s a different type of headache altogether. [Read more…]

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How much can improper rounding cost? For this firm, nearly $300K

If your company subscribes to the pay practice of rounding nonexempt employees’ hours to a set time, you’re certainly not alone. [Read more…]

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CFOs get ‘new’ weapon to avoid compliance problems, courtesy of the feds

Finance chiefs will once again have one of the most useful DOL resources at their disposal to help with an array of tricky compliance issues — and avoid costly penalties and lawsuits. [Read more…]

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FLSA ruling could make employers reconsider this pay option

A new court ruling could change the way some organizations handle the cost-sharing structure of their benefit plans.    [Read more…]

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Got to be a record: 4 investigations, a judgment of $2.1M for OT violations

Occasionally, employers try some sneaky tactics to avoid paying employees the overtime they’re entitled to. This is the most egregious case of this kind of skullduggery we’ve ever come across.   [Read more…]

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What Trump’s freeze on new regs means for the DOL new OT rule

There are a lot of Finance professionals who’d like the DOL’s new overtime rule to just die already. Well, they just got two pieces of good news from the Trump administration.  [Read more…]

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