Nonprofits across the nation have been working to prepare for the new federal overtime rules that were scheduled to take effect December 1, 2016. A survey conducted by the National Council of Nonprofits earlier this year found, among other things, that while nonprofits have expressed moral support for the policy of raising the minimum salary level of white-collar employees, they’re also experiencing operational anxiety over how to pay the additional costs in tight — or even declining — revenue environments. Of the 1,094 respondents, 34% predict their organizations will reduce staff. And 33% expect their organizations will be forced to reduce the level of services. If you have any questions, please don’t hesitate to give us a call. We are here to help.
Posted on Gilbert CPAs Education, Nonprofit and Association Comments Off on Concern Over New Overtime Rules