Webcast: Understanding FLSA Compliance (XSOVR317)
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The Fair Labor Standards Act (FLSA) establishes minimum wage, overtime pay, recordkeeping, and child labor standards affecting full-time and part-time workers in the private sector and in federal, state, and local governments. Exemptions from both minimum wage and overtime pay include executive, administrative, and professional employees (including teachers and academic administrative personnel in elementary and secondary schools), outside sales employees, and employees in certain computer-relat

12/12/2017
When: 12/12/2017
8:00 AM until 11:00 AM
Where: Webcast
SURGENT
OVR3-2017-01-WEBNR-346-114
United States
Presenter: Mike Tucker, Ph.D., LL.M., J.D., CPA


Online registration is closed.
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Acronym XSOVR317
CPE 3 hours
Vendor Surgent
Category
Taxation
Level Basic
Prerequisite None
Adv Prep None
Yellow Book? No
Designed for Practitioners who wish to know which employees are subject to overtime and which are not under the FLSA
Registration
Member $149
CPA Non-Member $199

The Member rate applies to LCPA members, other state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Course Description

The Fair Labor Standards Act (FLSA) establishes minimum wage, overtime pay, recordkeeping, and child labor standards affecting full-time and part-time workers in the private sector and in federal, state, and local governments. Exemptions from both minimum wage and overtime pay include executive, administrative, and professional employees (including teachers and academic administrative personnel in elementary and secondary schools), outside sales employees, and employees in certain computer-related occupations. This program is a survey of the highlights of the FLSA, including coverage of the proposed regulations that, if enacted, would raise the salary thresholds for exempt categories of individuals.

Objectives

  • Understand the distinctions between exempt vs. non-exempt employees
  • Be aware of the current status of the proposed overtime regulations
  • Know the categories of and requirements for exempt employees
  • Understand proper compensation methods, employee classifications, and timekeeping and recordkeeping practice

Topics

  • Overview of The Fair Labor Standards Act (FLSA)
  • Overview of the new regulations
  • The District Court Injunction, basis and impact
  • Considerations for employers regarding compliance steps taken before the injunction
  • Weighing ROI and risk in retracting salary adjustments
  • 2017 FLSA compliance overview and update