Resources

To calculate overtime pay for non-exempt hourly employees correctly, one should first determine a few things.

Last week, the U.S. Department of Labor published its new proposed rule raising the Fair Labor Standards Act (FLSA) “white collar” exemption to $35,308/year or $679/week from $23,660/yr. or $455/week.

Unlike a C corporation, which itself pays the tax on its taxable income, an S corporation does not directly pay taxes on its income; instead, its income, losses, deductions, and credits are distributed across its shareholders’ individual tax returns on a pro rata basis.

Prepare now for the following payroll changes that will take effect on January 1, 2019, and also consider some actions to take before year-end.

Calculating time worked for non-exempt employees who travel for their job is a challenge for many employers.  

We’ve discussed impending changes in the way salaries are approached in today’s market. 

When an employee’s workweek fluctuates above and below 40 hours, employers need to understand what they can and cannot do when it comes to payment of wages and overtime. 

Having a market-based compensation program is one way to ensure that a company remains competitive.