SULLIVAN & COMPANY
CERTIFIED PUBLIC ACCOUNTANTS

 

PAUL F. SULLIVAN, CPA                                                                                                RAJ GOENKA, CPA

MONIKA BENKOVIC, CPA                                                                                               BRIAN L. GOLDFARB, CPA

 

 

October 11, 2016
 

MEMO


To:      Our Clients

From:  Paul F. Sullivan, CPA,
           Raj Goenka, CPA

 

RE:     Montgomery County, Maryland Paid Sick and Safe Leave Law
           and Department of Labor Overtime Rule
 



We are sending you this memo to inform you that beginning October 1, 2016, employers in Montgomery County will have to provide earned sick and safe leave to employees. For more information go to www.montgomerycountymd.gov and search for Fact Sheet The Montgomery County Earned Sick and Safe Leave Law.

Also be aware of the updated overtime rule effective December 1, 2016. The limits were increased from $455/week ($23,600/year) to $913/week ($47,476/year). If your employees do not fall under the exemptions for executive, administrative and professional employee, and they work more than 40 hours per week, you will need to pay overtime at time plus 1/2. Check on the Department of Labor website www.dol.gov and search for Fact Sheet: Final Rule to Update the Regulations Defining and Delimiting the Exemption for Executive, Administrative, and Professional Employees.

Please review your policies related to the above changes.
 

 

 

4709 MONTGOMERY LANE, SUITE 201, BETHESDA, MD 20814 TEL (301) 657-8080 FAX (301) 657-9055
MEMBER AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS

 

 


 



4709 Montgomery Lane | Bethesda, MD 20814

Direct Dial (240) 316-3531 | Phone (301) 657-8080 Ext 102 | Fax (301) 657-9055
Website:
www.esullivan.net | E-mail: paul@esullivan.net
 

The opinions contained herein are not intended to be investment advice or a solicitation to buy or sell any securities. Information obtained from sources deemed to be reliable, but accuracy or completeness is not guaranteed. Past performance is not a guarantee of future results. Performance figures contained herin do not represent actual client portfolios or results. Actual results may significantly differ from the model portfolio returns presented. Archer Investment Corporation manages the Archer Funds. You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Funds before investing. The investment return and principle value of an investment in the Funds will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. The Fund prospectus contains this and other information about the Fund, and should be read carefully before investing. You may obtain a current copy of the prospectus by calling 800-581-1780.
 
 

Sullivan & Company | Certified Public Accountants | 4709 Montgomery Lane #201 | Bethesda, MD, 20814 | 301-657-8080