August 2016 Article Archives - Page 2
Final DOL Regulations Issued
In the December 2015 issue of Insights, I wrote about the Proposed DOL Amendments. Those Amendments have been modified and now finalized. What is important for you to know? These new regulations go into effect on December 1, 2016 but you and your clients need to be prepared and take potential action now. Any employee paid less than $47,476 on an annual basis must be classified as non-exempt and be paid overtime at the rate of 150% of ...
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A Chair's View
In Baltimore, I spoke to over 200 of you and thanked you for this great honor to lead our terrific organization and its great members. I can tell you that I wouldn’t have achieved the success that I have in my firm without the assistance of what I have learned at the National Practice Management Conference, from the CPAFMA and from the many great friends that I have met over the years. The Board of Directors could not contribute to ...
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Phishing and Compromised Passwords Top Causes for Last Year's Security Breaches
Verizon released their ninth annual Data Breach Investigations Report (2016DBIR) earlier this year, which reports on the major security breaches and methods used by hackers to compromise businesses and governmental organizations. When it comes to hacking, organized crime syndicates lead the way with phishing email schemes that are culpable in 89% of security breaches, followed by “state-affiliated actors” which accounted ...
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