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Hey all, not sure if you have seen the new overtime law that will go into affect this December so I thought I would share it here!
https://www.dol.gov/featured/overtime
This is just a brief description from the department of labor, but every news article is biased one way or the other.
I find this change interesting, assuming that it isn’t struck down as unconstitutional before it is actually enacted. I know some accountants that live in my area that are salaried making $30,000.00 doing tax prep and this will definitely hurt the CPA firms that refuse to give them raises.
$30,000 isn’t a lot for accountants, but in my area that is a decent salary.
What do you all think about this change?
REG: 80 (02/19/16)
AUD: 83 (04/11/16)
BEC: 78 (05/28/16)
FAR: ?
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