The Department of Labor has officially changed overtime rules for employers starting on July 1, 2024
The new rule, effective July 1, 2024, allows any employees who make $43,888 or less a year to qualify for overtime pay. As of January 1, 2025, the salary amount will go up to $58,656. As a small business owner myself, I offer advice for what employers need to know, and how they can run their business based on this new rule.
Columnist on smallbiz, economy, public policy, tech for The Guardian, The Hill, Philly Inquirer, Wash Times, Forbes, Entrepreneur. Small Business owner and CPA
