New overtime rules could inflate payroll expenses

A proposed rule, issued by the U.S. Department of Labor (DOL), would update the overtime exemptions for so-called white-collar workers under the Fair Labor Standards Act. If finalized, the new rule could lead to higher compensation and payroll tax expenses for employers, including nonprofits. What are the current rules? Under the existing regulations, an employer […]

Why it’s worth going above and beyond OSHA compliance

Every contractor is aware of the importance of complying with safety rules set forth by the Occupational Safety and Health Administration (OSHA). There are heavy penalties and fines associated with noncompliance. And most construction businesses take steps to at least meet the minimum qualifications. But why be satisfied with the bare minimum? There are several […]

Think about licenses before working out of state

Construction markets can turn on a dime. One new manufacturing plant or infrastructure project can transform a sluggish region into a booming economy. Problem is, these hot markets often ignite across state lines. In such cases, you may rush to commit valuable time and resources to preparing a bid. Among the many small details that […]

Should you pay board members?

Contrary to what many believe, it’s legal — and in some cases, necessary — to compensate nonprofit board members. For example, paying compensation can help attract well-known business leaders or people with specialized expertise. It might also be appropriate if board members are expected to invest significant time and effort in the role, or if […]

What the New Overtime Rule Could Mean for your Nonprofit Organization

Under the Fair Labor Standards Act (FLSA) employers must pay their employees a minimum of time-and-a-half for hours worked over the standard 40-hour work week. Traditionally, most white-collar employees were exempt from this rule. But that’s about to change. On May 18, the federal Department of Labor (DOL) issued its final rule updating overtime regulations. […]