Calculating Overtime – Who Qualifies and How to Calculate Amounts Due

An employer must pay overtime wages to all employees considered non-exempt under the federal Fair Labor Standards Act (FLSA) and numerous state laws. Although the FLSA establishes federal guidelines on who qualifies for overtime, when overtime begins and how to calculate it, state laws often differ. The US Department of Labor is stepping up its enforcement efforts to make sure employees receive the overtime pay to which they are entitled. Audits by the DOL can be random or as a result of a complaint from a laid-off worker. Either way, you need to know the law and to be prepared.

Do you know who is exempt from overtime and who is not? Do you owe overtime after 8 hours work a day or over 40 hours work in a week? What time spent by your workers counts toward the limits for regular pay? How do you calculate overtime rates for salaried vs hourly workers? What non-wage payments apply toward the overtime rate of pay?

This 90-minute webinar by payroll consultant Mark Schwartz is designed to give you the answers to these questions and evaluate your current payroll system regarding overtime calculations. Mr. Schwartz will clarify the federal rules on overtime pay, inform you how to determine what your own state’s requirements are, and point out how federal and state laws may differ.

Areas Covered in the Session :
Who are exempt vs. non-exempt workers.
Differences between federal and state laws
When does state law apply
How to determine number of hours worked before overtime must be paid.
Determining regular rate of pay.
Computing back wages for overtime purposes
Hours that are exempt for overtime purposes
Rules regarding compensatory time off
The effect on overtime calculation of stock options, commissions, and retroactive pay increases.
Penalties for non-compliance with applicable law

Who Will Benefit:
Payroll Department
Accounting Department
HR Department
Small to Medium Sized Business Owners
Payroll Apprentices
Start up Entrepreneurs
Compensation Practitioners

Mark Schwartz

Mark Schwartz has over 15 years experience in State and Federal payroll tax audits, collections and payroll consulting. As an auditor, Mark prided himself on his ability to educate his auditees on State and Federal payroll tax requirements. Whatever issues he found in audits, he ensured the auditee knew how to comply in the future. He worked to minimize company disruptions in the audit process.

Mr. Schwartz provides consulting services encompassing payroll processing and payroll tax issues. These include payroll tax minimization, payroll tax compliance reviews, independent contractor studies, use of electronic transfers, deductions, benefits, etc. Mark has represented both clients and the State in front of the State Appeals Board. He understands the complexities of local wage laws, unemployment and disability claims, and other wage and benefit issues affecting employees.

In recent years Mark has helped many clients with back payroll tax returns for all 50 states and the IRS. He has reviewed payroll journals, time records, tax forms and other payroll documents for accuracy and completeness.

Mark is a participating member of the American Payroll Association. He earned his BA and MBA in Finance at Santa Clara University. He has held Certified Internal Auditor and Certified Investment and Derivatives Auditor Credentials. Mark is currently pursuing a Certified Payroll Fundamentals Credential with the American Payroll Association.

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  • Login Information with Password to join the session, 24 hours prior to the webinar
  • Presentation Handout in .pdf format
  • Presentation from the Speaker
  • Feedback form
  • Certificate of Attendance
  • Recording access Information with Password to view the webinar, will be sent 24 hours after the completion of the Live webinar.
  • Presentation Handout in .pdf format
  • Certificate of Attendance