No Tax on Overtime: Payroll Compliance
Online
2.00 Credits
Member Price $89.00
Non-Member Price $124.00
Overview
This course provides tax and accounting professionals with a comprehensive overview of overtime requirements under the Fair Labor Standards Act (FLSA). Participants will explore the statutory definition of overtime, exemptions, and the calculation of the “regular rate of pay.” Through practical examples and compliance-focused scenarios learners will gain the skills to identify risks, properly compute overtime pay, and advise clients or employers on best practices. The course emphasizes regulatory compliance, accurate application of rules, and strategies to avoid common pitfalls in wage and hour audits.
This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Objectives
After attending this presentation, you will be able to...
- Identify overtime requirements under the FLSA, including the 40-hour workweek threshold
- Identify categories of employees exempt from overtime provisions
- Calculate the regular rate of pay, incorporating nondiscretionary bonuses, commissions, and other compensation
- Apply overtime rules to practical scenarios involving hourly, salaried, and commission-based employees
- Evaluate compliance risks and recommend corrective measures to mitigate exposure during wage and hour audits
Highlights
The major topics that will be covered in this course include:
- Overview of the Fair Labor Standards Act (FLSA) overtime provisions
- Definition of a “workweek” and the 40-hour threshold
- Time-and-a-half requirement and exclusions from overtime pay
- Exempt vs. nonexempt employee classifications (executive, administrative, professional, and industry-specific exemptions)
- Excluded payments (discretionary bonuses, reimbursements, retirement contributions)
- Step-by-step calculation examples for different compensation structures
- Best practices for documentation and payroll systems
- Case studies illustrating misclassification and miscalculation issues
Designed For
Enrolled Agent, CPA, Attorney, Tax Practitioner
Prerequisites
None
Preparation
None
Notice
You will receive an email from CPA Crossings via Webex with instructions to access the webinar.
Leader(s):
Leader Bios
Mary Jane Hourani, MM, EA, NTPI Fellow, Hourani & Associates, Inc.
Mary Jane Hourani, MM, EA, NTPI Fellow, Tax Accountant
Mary Jane has been practicing since 1993, working for a couple larger Tax, Accounting, & Audit Firms before transitioning to her own practice in 2005.
Mary Jane has a Master of Management from Walsh College of Accountancy and Business Administration as well as a Bachelor of Science from Eastern Michigan University in Public Administration with a focus in Organizational Development and Governmental Accounting.
She is credentialed as an Internal Revenue Service Enrolled Agent, allowing her to practice before the IRS. With this credential, she has direct oversite by the IRS Office of Professional Responsibility. She is also a National Association of Enrolled Agents NTPI Fellow.
Mary Jane has been an Instructor of Tax for Michigan State University Tax School since 2014 as well as a speaker for several trade organizations since 2010.
Mary Jane has been a Contributing Editor and/or Contributing Author of the National Tax Workbook for the Land Grand University Tax Education Foundation since 2015. She writes and compiles tax course packs used by Michigan State University Tax School. Mary Jane is an author/speaker for several national trade organizations and national CPE providers. She is a former H&R Block Instructor/Trainer.
Mary Jane is a member of the National Association of Enrolled Agents, Michigan Association of Certified Public Accountants, National Association of Tax Professionals, American Institute of Professional Bookkeepers, and is a QuickBooks ProAdvisor.
Non-Member Price $124.00
Member Price $89.00