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March 2018 Archives

Gap time not covered in Fair Labor Standards Act (FLSA)

Human resources professionals often refer to gap time in the employment setting. However, this term cannot be found in the Fair Labor Standards Act (FLSA). Still, it is an important term that impacts how employees are paid in New York and elsewhere.

What if I took time off during the week I worked overtime?

If you took time off during the week you worked over 40 hours, you may be doubting whether or not you actually deserve overtime. Your employer may even attempt to convince you that you do not deserve overtime because you took time away from your job. However, leave time does not affect your right to overtime wages.

Fair Labor Standards Act (FLSA) covers several enterprises

The employees of certain enterprises in New York and elsewhere receive protection from the federal government when it comes to matters such as their minimum wages as well as their eligibility for overtime pay. This protection comes in the form of the Fair Labor Standards Act (FLSA). Here is a glimpse at what types of enterprises are covered by this federal law.

Some real estate transactions not worthwhile due to home flaws

Purchasing a home can understandably be an exciting process in New York. This is true whether one has been through the process before or is experiencing home buying for the first time. However, residential real estate transactions can be tricky for those who do not know what to look for in the houses they are interested in buying. There are a couple of problems to watch out for during the home shopping process.

Homes involved in real estate transactions dropping in price

According to government officials, the number of new houses sold so far in 2018 in the United States, including in New York, is relatively low. Around 593,000 newly built homes were sold this past January. The number of completed real estate transactions is down almost 8 percent from Dec. 2017.

New York real estate transactions costly on Billionaire's Row

Michael Dell, a technology billionaire, purchased the costliest house ever sold in New York City. It was recently reported that he purchased a condo valued at $100 million. The purchase is one of the most noteworthy residential real estate transactions to have taken place on what is called Billionaire's Row.

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