LGT's Profit Sense

New FLSA Rules and Their Potential Impact on Nonprofit Payrolls

Posted by Alec Ellis on Aug 27, 2024
New FLSA Rules and Their Potential Impact on Nonprofit Payrolls

In September 2023, the Department of Labor (DOL) proposed new regulations under the Fair Labor Standards Act of 1938 (FLSA). The proposed changes will have far-reaching impacts on many businesses...

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Topics: Not-for-Profit, payroll

Latest with the IRS Guidance on Payroll Tax Deferral

Posted by Jon Wellington, J.D. on Sep 1, 2020
Latest with the IRS Guidance on Payroll Tax Deferral

On August 8, 2020, President Trump issued a memorandum authorizing the deferral of payroll taxes for certain employees from September 1, 2020 through December 31, 2020. On August 28th, the IRS...

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Topics: Tax, IRS, small business, LGT, COVID-19, payroll, deferral

What Does Trump’s Payroll Tax Deferral Plan Mean For You?

Posted by Jon Wellington, J.D. on Aug 19, 2020
What Does Trump’s Payroll Tax Deferral Plan Mean For You?

On August 8, 2020, President Trump issued a memorandum to the Secretary of the Treasury authorizing the deferral of payroll taxes for certain employees from September 1, 2020 through December 31,...

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Topics: Accounting Tips, Tax, COVID-19, payroll
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