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Words From KBS

Are you ready for GDPR?

On April 27, 2018, Posted by , In Blog, With Comments Off on Are you ready for GDPR?

The European Union’s new General Data Protection Regulation (“GDPR”) protects the online data of European citizens. It enacts a strict set of requirements, imposes severe penalties, and becomes effective May 25, 2018. GDPR applies to all businesses handling personal data of individuals in the EU — even when no transaction…

New DOL Wage and Hour Regulations

On June 27, 2016, Posted by , In Blog, By ,, , With Comments Off on New DOL Wage and Hour Regulations

The U.S. Department of Labor recently published updated overtime regulations (on 5/18/2016). This ruling will increase the salary level test from the current salary threshold of $455 per week ($23,660 per year) to $913 per week or $47,476 per year. This new salary level test is effective 12/1/2016. Commissions /…

“Employee” or “Independent Contractor?”

On November 8, 2015, Posted by , In Blog, By ,,, , With Comments Off on “Employee” or “Independent Contractor?”

Early stage businesses have need for a wide range of services, but not always on a full-time or continuous basis. Using an independent contractor to outsource these services is perfectly legitimate. My services as part-time outsourced CFO is a case in point. However the decision to hire and classify a…