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Decoding FinCEN Reports: NJ’s Roadmap for CPAs and EAs

Recently, the New Jersey Supreme Court’s Committee on the Unauthorized Practice of Law issued a letter to the New Jersey Society of CPAs, providing some much-needed guidance on whether Certified Public Accountants (CPAs) and Enrolled Agents (EAs) in the state can prepare and file the FinCEN Beneficial Ownership Information Reports under Corporate Transparency Act. The…
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Just the FAQs (Frequently Asked Questions): DOL’s New Overtime Rule: Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales, and Computer Employees

The Federal Fair Labor Standards Act (“FLSA”) requires employers in the United States to pay all employees overtime pay of at least time and one-half the regular rate of pay for all hours worked over 40 hours in a workweek unless they are exempt from overtime pay.  The U.S. Department of Labor (“USDOL”) periodically reviews…
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