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Monthly Archives: June 2016

The New Overtime Rule: Q&A

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by Kendall Tyson

If you are an employer, you should get ready for the new overtime and worker classification changes to the Fair Labor Standards Act (FLSA) that was recently published by the Department of Labor (DOL).  According the DOL, the rule, which goes into effect December 1st 2016, will:

  • Raise the salary threshold indicating eligibility from $455/week to $913 ($47,476 per year), ensuring protections to 4.2 million workers.
  • Automatically update the salary threshold every three years, based on wage growth over time, increasing predictability.
  • Strengthen overtime protections for salaried workers already entitled to overtime.
  • Provide greater clarity for workers and employers.

Please visit the DOL’s Question and Answers section of their website for more detailed information.

Langdon & Company LLP is also available to assist business owners and help determine the impacts for their businesses.

Kendall ([email protected]) is a Manager in our tax practice.  She works with various types of clients according to professional standards and tax laws.

Two NC Budgets Passed!

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by Rachel Owens

It’s the beginning of summer in NC.  That means that the two chambers of our General Assembly are hard at work trying to agree on a state-wide budget.

The House of Representatives passed the Health and Human ServicesNC health news budget a few weeks ago.  The Senate just passed theirs.  As always there are similarities and differences in each department; each of which, have very “hot topics” that are addressed.  Thanks to NC Health News for a comparison chart to show the differences between the two.

If you have additional questions about the budget decisions and how they affect your organization, contact our office.  We’ll be happy to give you some insight on what these choices mean for you.

Rachel ([email protected]) is a Senior in the Cost Report department at Langdon & Company LLP.  She works with various healthcare companies, several of which, from the audit all the way through their state reporting compliance.

Stress Relieving Tips

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by Brittany Spraginsrelaxing

As a mom and accountant, I sometimes come home from work tired only to find more work at home in the form of a rambunctious child, loads of unwashed laundry, and a hungry husband.  So I use some of these stress relieving tricks.  I hope you find these helpful too.

  1. For a limited amount of time, talk about your day. When I get home, I often want to talk with my husband about the highs and lows of my day.  This helps to release the burden I feel like I am under and allows me to feel appreciated by him for my efforts.  This being said, we have a time limit for “work talk” and after that I am not allowed to talk about it again.  This allows you to say what you need or want to, but prevents you from focusing your whole life on work.
  2. Enjoy the company of those around you. If you walk in from work only to see the undone chores around your house, then you are missing the best part.  When I come home, I make it a point to greet my husband and son.  The greatest stress reliever that I have experienced is the love that they have to offer.
  3. Go exercise. Exercise does not have to be a 3 mile run, just a stroll around the block will work.  The important thing to remember is that when you exercise, your body releases endorphins, which is a neurotransmitter from your brain that helps to decrease stress and increase happiness.  This is where the “runner’s high” comes from.  A little bit of movement can go a long way in stress reduction.
  4. Think of some corny jokes or turn on your favorite radio comedian and just laugh for a few minutes.
  5. Take a few minutes for yourself. Sometimes I have to put myself into time out.  It may be a bad time for you to step out, but sometimes it will be worse if you stay put, so remove yourself from a stressful situation for a few minutes so you do not say something you will regret later.
  6. Take a bath. Soaking in water provides you with that weightless and relaxed feeling.  This may help you refocus on the important priorities in your life.
  7. Finally, if all else fails… eat dark chocolate! It’s delicious!

Langdon & Company LLP may not be able to draw your bath, however, we will do what we can to take the stress off of you.  Call our office to get additional information about ways in which, we can help.

Brittany [email protected] is a staff member of the tax department working on various projects from individuals to organizations’ tax return preparation.