In an atmosphere of rising employee costs, companies, both large and small, have looked to independent contractors to cut employee-related expenses. Hiring an independent contractor can reduce costs in expenses and payroll, as well as benefits such as employer provided health benefits. An independent contractor relationship can mean that a company does not need to […]
What does President Obama’s direction to the Department of Labor to change the FLSA’s “salary-level test” for exempt employees mean for employers? If enacted as proposed, it means that if (after the amendment goes into effect) an employee is not being paid at least $50,440 annually, the employee will lose the exempt status even though […]
The growing marijuana industry is ripe for lenders, and the Department of Justice and the U.S. Treasury Department have issued recent guidance to help smooth the transition for lenders entering this growing industry. On January 1, 2014, Deputy U.S. Attorney General James Cole issued a memo, now commonly known as the “Cole Memo,” setting forth the […]
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