|Duration: 90 minutes||Speaker: Patrick A. Haggerty, EA|
Employers face special challenges when calculating overtime for non-exempt employees, whether paid on an hourly, piece work, or salaried basis. Payroll professionals must take into consideration commissions, bonuses and other special wage payments, piece rates, shift differentials, multiple pay rates, and actual hours worked during a workweek when making their calculations.
Why Should You Attend?
Calculating overtime is not necessarily as simple as taking an employee’s hourly rate and multiplying by 1.5. Issues include determination of which employees are eligible for overtime, calculation of the regular rate of pay for overtime-eligible salaried employees, properly taking into account bonus, incentive and shift-differential payments. There is a lot more to overtime calculation than initially meets the eye. Mistakes, even honest ones, can be costly. State and federal labor departments regularly issue fines and back pay awards where employers have failed to properly compensate employees for overtime. It is important that payroll professionals know and properly apply the overtime rules.
Who Should Attend
Pat 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.
Compliance Prime is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: https://www.nasbaregistry.org.
Watch all live or recorded webinars (up to 120 minutes long). Get instant access to a library of more than 500 high quality courses presented by best-in-class presenters.
Fulfil your recertification requirements by earning CEUs from APA, CPE, SHRM and HRCI.
Each program comes with Additional Course Materials, which you can download and read anytime.
Get flat 20% discount on Premium Product Category like, Long Hour Webinars.