Categorizing Workers and Overtime Rules (Sold Out)

Author: Robert K Minniti

The US Department of Labor has implemented new overtime rules that are effective as of December 15, 2016. Are you familiar with the new rules, do you have any questions about implementing the rules? Businesses are also having audit issues with the way workers are categorized. Do you know all the IRS rules for how to categorize an employee? This course will review the IRS and Department of Labor rules.

Publication Date: January 2020

Designed For
CFOs, CEOs, business owners, business managers, internal auditors, human resource employees, human resource managers, external auditors, corporate accountants, government accountants, CPAs, CMA, CIAs and risk management personnel.

Topics Covered

• Categorizing Workers
• Cases
• 4 Options for Categorizing Workers
• Behavioral Control Factors
• Types of Instructions Given
• Evaluation System
• Training
• Financial Control Factors
• Written Contracts
• Employee Benefits
• Services Provided as Key Activity of the Business
• Penalties for Noncompliance
• Penalties for Fraud
• Minimum Wage & Overtime
• Federal Labor Standards Act (FLSA)
• New Forms

Learning Objectives

• Identify how to categorize workers
• Identify the rules for providing overtime
• Describe the three categories of statutory nonemployees
• Recognize the three rules to determine if someone is an independent contractor
• Recognize the criminal fraud penalty if a company misclassifies a worker
• Differentiate the categories of employees
• Identify the behavioral control factors to determine if someone is an independent contractor
• Identify the financial control factors to determine if someone is an independent contractor
• Recognize exempt employees
• Describe the fixed and regularly recurring period for an employee's workweek

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Accounting (1 hour), Taxes (1 hour)

Program Prerequisites
A basic understanding of payroll.

Advance Preparation
None