About Randy Philpott

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So far Randy Philpott has created 13 blog entries.

U.S. Department of Labor Changes to Overtime Laws Still Pending

On December 16, 2016 the US Department of Labor (USDOL) enacted changes to the Overtime laws. These changes increased the minimum weekly compensation for salary-exempt employees to $913.00 per week (previously $455.00 per week). Additional increases in these regulations would have been effective starting January 1, 2020. On November 22, 2016 a federal district judge [...]

By |November 21st, 2018|Uncategorized|0 Comments

Why is the State of Virginia Auditing my business? Don’t Panic!

  If your business has received notification of an audit from the Virginia Department of Taxation (VDT) it is not because your business has been targeted for non-compliance. Don’t panic! These are routine audits that the VDT perform randomly on all Virginia based businesses. The notification will state the time and date of the proposed [...]

By |November 21st, 2018|Uncategorized|0 Comments

2019 Social Security Wage Base increases from $128,400.00 in 2018 to $132,900.00 in 2019

The Social Security Administration (SSA) has set the 2019 Social Security taxable wage threshold to $132,900.00. The increase in the SSA Wage from 2018 is $4500.00 which equates to a potential annual tax increase of $344.25 ($4500.00 x 7.65%) for taxpayers that reach or exceed taxable wages of $132,900.00 in 2019. There continues to be [...]

By |November 21st, 2018|Uncategorized|0 Comments