Congress passes tax extenders
Congress enacted the tax bill at the end of last year and it includes some big wins for the hospitality industry. FULL SUMMARY >>
Department of Labor proposes new overtime regulations
The U.S. Department of Labor has released new proposed regulations regarding salaried employees. Among the changes, the DOL has proposed guaranteeing overtime pay to salaried employees who earn less than $50,440 a year ($970 per week). That's up from the current threshold of $23,660. Under the proposal, the salary threshold would be automatically updated in the future based on inflation or wage growth. The agency did not propose a new "duties test" regarding the responsibilities of exempt managerial employees, but has solicited comments on whether changes are needed. It is expected the new rules will go into effect in 2016.
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OSHA awareness: Are you in compliance?
One of the most frequently cited violations for the hospitality industry is the Hazard Communication Standard (HCS). As of June 1, 2015, the HCS will require pictograms on labels to alert users to chemical hazards to which they may be exposed. Are you prepared for this change?
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