In January, the U.S. Department of Labor (DOL) issued a final rule that rescinded the rule in effect since 2021 and replaced it with a new rule. The new rule applies a 6-factor test. This rule applies for the purpose of determining whether a worker is subject to minimum wage and overtime pay rules. It does not apply for purposes of federal employment taxes. There’s a small entity compliance guide on the new rule. #IdeaoftheDay
Barbara Weltman
Big Ideas for Small Business, Inc.
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