2019 | Albin, Randall and Bennett

DOL Announced Final Rule on Overtime

Which employees of your business qualify for time and a half? It’s time to reevaluate that question, namely at the executive, administrative, and professional levels. The threshold for exemption has changed. On September 24, 2019, the U.S. Department of Labor (DOL) announced a final rule on overtime. Effective January 1, 2020, the DOL estimates 1.3


Lease Accounting for Manufacturing Companies

In 2016, the Financial Accounting Standards Board (FASB) issued new guidelines for the way businesses of all sizes and industry types handle lease accounting to increase transparency and disclosure of lease transactions. The new accounting standard update, ASU 2016-02, Leases (Topic 842), (ASU) affects any businesses that lease assets. As leasing is critical to success