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
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?”
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…
