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11 articles for “DOL”
The 4% Rule and Exit Planning: Will Your Business Sale Fund the Retirement You Want?
For many business owners, their business is their largest asset and a substantial portion of both their current income and future retirement plan. That makes...
Employee Classifications – The Salary Test
In last months issue of Mind Your Business: PA School Bus Edition, we discussed the job duties test as a component of determining whether an employee is exem...
Employee Classifications – The Duties Test
The Fair Labor Standards Act (“FLSA”) establishes the minimum wage, currently $7.25 per hour, and overtime requirements for employees working over forty (40)...
Understanding “Working Capital” in a Buy/Sell Transaction
“Working Capital” is an important part of business buy/sell transactions, but it is not a term commonly used or known by most business owners. Working capita...
DOL Publishes New Final Rule on Independent Contractors
On January 10, 2024, the United States Department of Labor (the “DOL”) published it’s highly anticipated final rule on employee and independent contractor cl...
Legal Update for School Bus Contractors
Despite the National Highway Traffic Safety Administration’s (NHTSA) continued position that “the school bus is the safest vehicle on the road”, in 2019 the ...
FLSA Overtime Ruling Update
After two years of anticipation, the Department of Labor (DOL) published its Final Rule updating the threshold for overtime pay effective January 1, 2020. Th...
Overtime and Minimum Wage Changes Propoosed by U.S. Department of Labor
Many remember the 2016 Obama era rule from the U.S. Dept. of Labor (US DOL) that sought to more than double the threshold for overtime pay by employers. That...
Legal Updates for School Bus Contractors - The Year 2016 in Review
The legal environment for the school bus industry was active in 2016. For a summary of the most talked about legal topics of the past year, contact RC Kelly ...
Proposed Changes to the Fair Labor Standards Act Salary Threshold
Who is hourly and who is salary in your organization? That could all change soon. In July, 2015 the Department of Labor (DOL) gave notice of a proposed rule ...
Are your DQ Files Audit Ready?
While a school bus operation can be audited by many regulatory agencies in regards to their employee files, Department of Transportation (DOT), Federal Motor...