On April 23, 2024, the U.S. Department of Labor (“DOL”) announced a new final rule through which it has significantly raised the bar for businesses to continue to classify their.
On Tuesday, the U.S. Department of Labor (DOL) released its highly anticipated final rule that makes approximately 4 million more employees across the country eligible for overtime pay.
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The Corporate Transparency Act (CTA) took effect January 1, 2024 as part of a broad antiterrorism and anti-money laundering effort of Congress. The CTA requires certain entities, known as "reporting companies,".