The Department of Labor (DOL) has made significant changes to the Fair Labor Standards Act (FLSA), the federal law that controls overtime pay. Under the current law, employees are exempt from overtime pay if they are paid $455 per week ($23,660 per year).  More>

September 22, 2016 | 11:30 am to 2:00 pm Arlington International Racecourse | 2200 West Euclid Avenue | Arlington Heights IL 60006 Calibre CPA Group’s experienced professionals have been trained to understand the special regulatory and reporting requirements under which labor organizations like yours operate. Please plan to join fellow labor union officials/employees at this FREE More >

On July 22, 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2015-11, Inventory (Topic 330): Simplifying the Measurement of Inventory. The standard changes the measurement principle for inventory from the “lower of cost or market” to “lower of cost and net realizable value (NRV)”.  The new principle is part of FASB’s More >

On July 11, 2016 the Department of Labor (DOL), in coordination with the Internal Revenue Service (IRS) and the Pension Benefit Guaranty Corporation (PBGC) (together called the Agencies) announced their proposed revisions to the Form 5500 Annual Return/Report series.  More>

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