Businesses often assume that paying an employee a salary means they don’t have to worry about overtime. That’s a costly mistake. The Fair Labor Standards Act (FLSA) sets strict requirements for classifying employees as exempt from overtime pay, and salary is just one piece of the equation. A recent court decision on the Department of Labor’s (DOL) salary threshold changes has added another layer of confusion, making Read More
BAKER JENNER CLIENT ALERT! FIFTH CIRCUIT COURT DECISION CREATES UNCERTAINTY FOLLOWING CORPORATE TRANSPARENCY ACT REPORTING DEADLINE
The Fifth Circuit Court of Appeals recently issued a ruling that vacates the Corporate Transparency Act (CTA) reporting requirements as implemented by FinCEN. This decision has significant implications for businesses, particularly those located in the Fifth Circuit (Louisiana, Mississippi, and Texas), even though the January 13, 2025, compliance deadline has already passed. For background on the CTA’s reporting Read More
