Congress Votes to Change Overtime Laws

Allow Employers to Offer Comp Time Instead

Changes may be coming for the millions of American workers who receive overtime pay. And it may affect their paychecks.

A new bill passed by the U.S. House of Representatives would allow employers to offer hourly employees paid time off instead of overtime pay, when they reach over 40 hours in a workweek. So, for example, a worker who put in 45 hours one week, could be given seven and one-half hours off the next week (1.5 hours comp time for each hour of overtime), and paid for doing for working 40 hours but only having worked 32.5 hours.

Read More: http://www.cpapracticeadvisor.com/news/12331257/congress-votes-to-change-overtime-laws-allow-employers-to-offer-comp-time-instead

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President Trump's tax plan: Here's what it includes

President Trump’s top economic advisers laid out an ambitious tax plan Wednesday afternoon that the administration contends will simplify the process for average Americans and “stimulate” business investment.

Chief economic adviser Gary Cohn and Treasury Secretary Steve Mnuchin unveiled the first official details -- printed on a single sheet of paper -- of a plan Cohn called “the most significant tax reform legislation since 1986, and one of the biggest tax cuts in American history.”

Read More: http://www.foxnews.com/politics/2017/04/26/president-trumps-tax-plan-heres-what-it-includes.html

Questions: http://rehcpas.com