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From the Headlines to your Bottom Line

New Overtime Rules Suspended for Now

Although new overtime regulations were set to kick in on December 1, a federal district court has moved to block the changes, at least temporarily. What does this mean for employers and what should they do now? Whether businesses should immediately drop plans to comply with the new rules, or move forward anyway, may not be a simple question for employers to answer. Here's more.
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Year-End Reminder: Don’t Forget FSAs

November is benefits enrollment time for most companies. Do you know how health care Flexible Spending Accounts (FSAs), child care FSAs and Health Savings Accounts (HSAs) differ? Here, we explain the differences and provide year-end spending and budgeting strategies. Beware: Employees who don't spend the remaining funds in their FSAs before year end could forfeit what's left over, unless a special provision applies.
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It's Time for Individuals to Plan for Taxes in 2016 and Beyond

The election is finally over, and it's time to focus on the future. Republicans are calling for tax reform and when they take control of Congress and the White House in 2017, tax rates and other rules could change. Have you factored the election results into your year-end tax plans? Here are some tips for individual taxpayers to consider before December 31.
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How We Add Up

"Our clients rely on Fust Charles Chambers to provide innovative thinking by anticipating changes in tax laws, accounting methods and industry and economic trends. At other times, our clients depend on us to act as a sounding board for their ideas and concerns. We’re proud to be part of our clients’ team with the purpose of assisting them in attaining their goals and objectives."

- Joseph L. Charles, Partner