The Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) is the agency that enforces the Corporate Transparency Act (CTA). Recently, FinCEN sent out a notice indicating a new deadline of March 21 for small businesses to comply with its beneficial ownership information (BOI) reporting requirement. That said, if your reporting deadline is in April because you […]
Tag: small business compliance
Don’t Get Caught Short: Understand the New Overtime Regulations
There’s no limit on the number of hours employees age 16 and older may work in any workweek. The FLSA doesn’t require overtime pay for work on Saturdays, Sundays, holidays or regular days of rest, unless overtime is worked on such days. But what is a workweek? An employee’s workweek is a fixed and regularly […]