Lump Sum Nondiscretionary Bonuses Must Be Included in Regular Rate

The U.S. Department of Labor (DOL) has asserted once again that employers must include nondiscretionary bonuses in their employee’s regular wage rate calculations. In a new opinion letter, the DOL outlines how employers may go about allocating lump sum nondiscretionary bonuses that cover more than one workweek. The issue of bonus allocation is important because …

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IRS Announces 2020 Standard Mileage Rates

Overview On Dec. 31. 2019, the Internal Revenue Service (IRS) issued the 2020 optional standard mileage rates, which are used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. The 2020 standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: …

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IRS Announces Employee Benefit Plan Limits for 2020

Overview Many employee benefits are subject to annual dollar limits that are periodically increased for inflation. The Internal Revenue Service (IRS) recently announced cost-of-living adjustments to the annual dollar limits for various welfare and retirement plan limits for 2020. Although some of the limits will remain the same, most of the limits will increase for …

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CDC Urges Consumers to Stop Vaping After More Than 215 Hospitalized

On Friday, Aug. 31, 2019, the Centers for Disease Control and Prevention (CDC) issued an advisory warning consumers of the dangers of vaping after over 215 cases of mysterious lung disease have occurred. The advisory also urges consumers to refrain from purchasing cannabis and e-cigarette products off the street, and stop modifying vaping devices. Vaping-related …

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Performance Reviews: Best Practices

Performance Management is an important part of a company’s quality assurance and employee engagement strategies. Many companies formally evaluate an employee’s performance and progress after an initial introductory period and then again on an annual or semi-annual basis. Although performance evaluations can improve productivity and employee morale, many employers do not make them a high …

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Exemption Rule Changes: Here We Go Again!

You may recall the U.S. Department of Labor proposed changes to the white-collar exemption rule in 2015 that had employers scrambling to implement the proposed increase to the minimum salary requirement for exempt workers. That proposal was blocked by a federal court in Texas in late 2016. However, there were benefits from that exercise. Many …

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Ollis/Akers/Arney announces new location; Paul Long to lead the local market

BOLIVAR, MO – The renovation of the First National Bank building brings new and existing businesses to the Bolivar Square. One such business is the insurance conglomerate of Ollis/Akers/Arney Insurance & Business Advisors. Formerly The Paul Long Agency, Ollis/Akers/Arney acquired Long’s business in July 2018 which included offices in Bolivar and El Dorado Springs. Ollis/Akers/Arney …

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Follow the Leader: How to Find Success

What defines success? Some would say the title or position they hold in their company. Others, the level of respect they are given from their colleagues. Still, others find success not in where or how they work, but in how they live. To put it simply, there is not and cannot be one definition of …

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Protecting Technology with Cyber Insurance

Technology has some obvious benefits. The computers in our pockets provide instant access to entertainment, information and work anytime we feel the urge; the applications we use everyday make it easier for us to get work done, manage our social lives and take care of our families; and social networks connect us to the people …

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Press Release - Ollis/Akers/Arney announces new location; Paul Long to lead the local market

Ann McDowell Appointed as New Board Member for Ollis/Akers/Arney

Ollis/Akers/Arney is pleased to announce the appointment of Ann McDowell as its newest Board of Directors Member effective December 12, 2017. McDowell comes to Ollis/Akers/Arney with a wealth of knowledge and an extensive background in management, marketing and community service. She brings more than three decades of experience to the organization including roles with Silver …

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