How the Department of Labor Final Overtime Regulations Impact Your Clients and Your Business (OREG)

Jeremy M. Brenner, Esq., Jennifer H. Elder, CPA, CMA, CIA, CFF, CGMA, MS, Michael J. Tucker, CPA
  • 2
  • Basic
  • Taxes

3-hr. course: $89; 4-hr. course: $129
Volume Discounts:Click here for details.

Overview

The Department of Labor (DOL) has issued final regulations that extend overtime pay to nearly 5 million additional white collar workers starting December 1, 2016. This special All-Star Tax program will review in detail how these new rules impact your firm and your clients, including your not-for-profit clients. It is critical that business owners do not run afoul of these new rules and understand when and if they will be required to provide overtime pay to their employees. No tax professional can completely advise clients without knowing how these new rules work.  Get prepared now by attending this practical, informative program. 

Major Topics:

  • Introduction to The Fair Labor Standards Act (FLSA)
  • The one and one-half time regular pay rate rule as set forth in the new final regulations
  • Impact of the new regulations on not-for-profit employers
  • Exemptions from the one and one-half times regular pay rate
  • The “EAP” or “white collar” exemption from minimum wage and overtime pay
  • The exemption for a highly compensated employee
  • Treatment of comp time under the new rules
  • Common misunderstandings about overtime pay

Learning Objectives

  • Understand the final  Fair Labor Standard Act changes relating to overtime pay for white collar employees

Practitioners who may have clients that are impacted by the changes in the rules relating to required overtime pay for white collar employees

A basic understanding of the tax rules relating to the federal income tax  

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