State Senator James Skoufis introduced a bill that would require vendors in New York to round cash purchases to the nearest five-cent denomination, in order to smooth the transition as the U.S.

For more than a half-century, Department of Labor regulations issued under the Fair Labor Standards Act have allowed employers to adopt an administrative rounding policy to prevent situations where ...

(The Center Square) – State governments are left holding the bag on the U.S. government's halt to the production of a penny, ...

For accountants and auditors, the elimination of the penny will affect reconciliation, system configuration and compliance reporting.

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We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

In AHMC Healthcare, Inc. v. Superior Court, the California Court of Appeal, Second Appellate District, Division Four, extended a prior line of California cases holding that California law follows ...

The Fair Labor Standards Act sets the rules that most employers must follow on issues related to workers' hours, wages and overtime. The law requires that employers pay their workers for every hour ...