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Claim Your Free Copy of Overtime Primer: Highlights from the New Regulations

The federal DOL overtime regulations go into effect this year. Are you ready?

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This report includes a summary of key changes, including the salary level test and salary basis test.

As a bonus, we've included a handy flowchart to help you determine exemption status under the FLSA.

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May 18, 2010
IRS Releases Guidance on Small Business Health Care Tax Credit
The Internal Revenue Service (IRS) released detailed guidance to help small employers understand the new health care tax credit under the Affordable Care Act. The information is meant to help small employers determine if they qualify for the new tax credit and estimate the amount of the credit they will receive.

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The guidance, Notice 2010-44, also makes a few clarifications. Small employers can:

  • Receive state health care tax credits can still qualify for the full federal tax credit
  • Receive the credit not only for regular health insurance but also for add-on dental and vision coverage

The credit, which goes in to effect this year, is meant to encourage small employers to begin offering health insurance coverage to employees or maintain coverage they already have. The IRS has issued information on the credit as it applies for 2010-2013, including information on transition relief for 2010. An enhanced version of the credit takes effect in 2014.

For more information on the healthcare reform, visit BLR's Healthcare Reform Resource Center for Employers.

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Top 100 FLSA Overtime Q&As
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