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Archive for July, 2014

Be Careful When Suspending an Exempt Employee without Pay

In a question posed to readers on the CalChamber of Commerce website HR expert Gary Hermann tackles the issue that does not have a whole lot of legal clarity… Ques: Can an employer suspend an exempt employee without pay for disciplinary reasons? Ans: Perhaps! (Maybe yes, maybe no) If an employer suspends an exempt employee […]

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Virtual Currency Contributions coming soon to Your Organization?

A growing number of businesses (Apple, Sacramento Kings, to name just a couple high profile organizations) and individuals (Richard Sherman of the Seattle Seahawks) are now accepting virtual currencies as a payment method for their sales and services. One Kentucky town has even announced they will soon pay their sheriff’s salary using bitcoins. Virtual currencies […]

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Fiduciary Responsibilities of the Board of Directors

One of the main responsibilities of board members is to maintain financial accountability of the organization. Board members act as trustees of the organization’s assets and must exercise due diligence to oversee that the organization is well-managed and that its financial situation remains sound. What does fiduciary mean? Fiduciary duty requires board members to stay […]

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Employment Corner

Legislation recently approved by the Governor’s office increases the California personal income tax withholding penalties for late filing and late deposits from 10% to 15% of the amount due. In addition, penalties charged for not reporting employee wage information will increase from $10 to $20 per employee. These changes apply beginning with the third quarter […]

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Posted in: Employment Law, News

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