The self-employed saw 2016 end on a positive note when a federal judge indefinitely delayed enforcement of the Department of Labor’s new overtime rule. The rule would have required employers to begin paying overtime to certain employees earning less than $47,476 a year, a considerable increase from the current $23,660 threshold. The impact of this rule would be highly damaging to a large percentage of small business owners already struggling to manage their bottom lines. The court’s decision confirms that our elected officials, even in the aftermath of a toxic election cycle, are well aware of the need to protect the economic viability of small businesses.
Feb 28, 2017
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