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Debit Card and Direct Deposit Regulations Revoked
The New York State Department of Labor’s (NYSDOL) new regulations on paying employees via debit cards or direct deposit were set to take effect on March 7, 2017. Last week, the New York Industrial Board of Appeals (NYIBA) revoked those regulations, explaining...
Deductions from Exempt Employee Pay?
Q: I have an exempt employee who only worked one day this week, but claims he needs to be paid for the whole week. Is that right? A: Under the Fair Labor Standards Act (FLSA), most exempt employees need to be paid their regular salary each pay period, regardless of...
New York Overtime Exemption Rule Published
On December 28, 2016, the proposed overtime exemption rule for employers in New York State was published by the New York Department of Labor, with the new rule taking effect on December 31, 2016. The following salary levels will now become the threshold for the...
Tax Rules for Personal Use of a Company Vehicle
Free use of a company car is one of the best perks an employee may be entitled to as part of a compensation package. But the benefit to the employee isn’t completely “free” under current tax law. Essentially, personal use of a company car is treated as a taxable...
