Bona fide administrative, executive, professional, and computer-related professional employees, as well as outside sales employees, are exempt "white collar" employees under the Fair Labor Standards Act (FLSA).
2020 has already proven to be a busy year for changes in the Fair Labor Standards Act (FLSA).This session will review the current Department of Labor (DOL) regulations as they apply to the white collar exemptions to the minimum wage and overtime requirement of the Fair Labour Standards Act (FLSA). The tests for exemption are the salary basis test, minimum salary requirement, and the duties tests.
Issued Guidelines as per 2020 includes:
New FLSA Salary Threshold
Joint Employer Final Rule
The new FLSA Regulations Regarding the “Regular Rate of Pay” for Purposes of Calculating Overtime.
Incentive payment from third parties.
Retail and service commission exemptions.
Emergency management coordinators administrative exemptions.
Both the federal Department of Labor and State Wage and Hour agencies are engaged in enforcement initiatives concerned with misclassification of employees as exempt from the Fair Labor Standards Act overtime requirements. Employers are often confused as to which exemptions may apply to a particular employee. Making sure that employees are properly classified as exempt or non-exempt can be a daunting task. Misclassification of employees as exempt can be costly in terms of penalties and back pay awards for overtime compensation.
Session Highlights:
In addition to information regarding the newly proposed rules for exempt employees, you will learn how to determine whether an employee qualifies for exemption from the FLSA minimum wage and overtime requirements. How to handle certain employee absences from work, including FLSA intermittent leave, use of paid time off for part day absences, and employer actions that can lead to disqualification.
In this session you will learn:
Distinguish between the various types of exemptions.
Identify whether specific work activities support exempt status or nonexempt status
Know the common misconceptions about exempt status, job titles, and salary basis
Understand proper application of the federal salary basis test.
Identify employer actions that defeat exemption
Identify exceptions to the salary basis rules
Explain why time records for exempt employees matter
Q& A Session – Approximately 10 minutes at the end of the session.
Speaker will accept emails of attendees for questions related to the presentation topic.
Why You Should Attend:
Making sure that employees are properly classified as exempt or non-exempt can be a daunting task. Misclassification of employees as exempt can be costly in terms of back pay awards for overtime compensation. This session will discuss the ways that employers can stay compliant as well as some of the ways employers have found themselves in trouble.
Who Should Attend:
Payroll Supervisors and Personnel
Payroll Consultants
Payroll Service Providers
Public Accountants
Internal Auditors
Tax Compliance Officers
Enrolled Agents
Officers and Managers with Payroll or Tax Compliance Oversight
Company / Business Owners
Managers/ Supervisors
Public Agency Managers
Audit and Compliance Personnel / Risk Managers
*You may ask your Question directly to our expert during the Q&A session.
** You can buy On-Demand and view it at your convenience.
Patrick Haggerty
Patrick Haggerty is a tax practitioner, author, and educator. His work experience includes non-profit organization management, banking, manufacturing accounting, and tax practice. He began teaching accounting at the college level in 1988. He is licensed as an Enrolled Agent by the U. S. Treasury to represent taxpayers at all administrative levels of the IRS and is a Certified Management Accountant. He has written numerous articles and a monthly question and answer column for payroll publications. In addition, he regularly develops and presents webinars and presentations on a variety of topics including Payroll tax issues, FLSA compliance, information returns, and accounting.
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