Final Updates on Exempt vs Nonexempt Classifications and More

Why Should You Attend:

Starting in 2017, the Wage and Hour Division, Department of Labor (WHD) and the IRS will be very interested in your payroll – who’s on it and who isn’t – and, who should be. They have, in fact, escalated their past efforts.

As the December 1, 2016 new rules take effect, it will change who is to receive over time. What should you be concentrating on in 2017 with regard to your payroll? This webinar will ensure you understand the new regulation and clarify any key questions you may have.

Areas Covered in the Webinar:

• Comprehend new 2016 rules regarding exempt vs nonexempt classifications starting December 1, 2016
• Learn how the automatic updates starting in 2020 will affect companies
• Learn how WHD defines “primary duties” and “suffer or permit”
• Learn how discretionary payments versus non-discretionary payments work in the salary requirement effective December 1, 2016
• Understand the difference between discretionary payments versus non-discretionary payments in calculating overtime
• Identify "working time" and “compensable hours”
• Calculate overtime by DOL standards
• Learn the differences between fluctuating workweek and Belo Plans
• Understanding predictable scheduling (what is it, how does it work)
• What's on you wages statement (new requirements)
• Learn final Fair Pay and Safe Workplace rules (DOL and FAR)

Who Will Benefit:

• Payroll Department Personnel
• HR Professionals and Staff
• Employee Benefits Professionals
• Business Owners
• Department Managers
• Supervisors
• Personnel Managers
• Anyone who wishes to increase or refresh their knowledge of these areas

David Sanders
President, Sanders and Sullivan Consulting

David Sanders is considered one of the world’s leading experts in accounting, finance, business consulting, payroll, budgeting, collections, personal income taxes, business taxes, business set up, sales and use taxes, internal controls, inventory management, cycle counting, record keeping and vendor/supplier management. He has conducted approximately 10,100 training sessions, including public seminars, on-sites, company training, chambers of commerce trainings, colleges, videos, CDs and webinars worldwide.

Mr. Sanders is called upon nationally and internationally for his SOX training abilities and to perform, walk through interim testing for core financial processes such as internal controls, fraud detection, internal controls, financial reporting, revenue, inventory, and expenditure testing.

The author of four acclaimed books and over 28 seminar workbooks and numerous webinars, he has a talent for breaking things down into easy to understand steps that can be implemented immediately. He was an endorsed local provider for the Dave Ramsey Show covering the greater Cincinnati and Northern KY area.

Mr. Sanders has a wealth of experience to share that is supported by impeccable financial credentials including over 38 years’ experience in the financial industry. He holds numerous degrees including accounting, business administration and finance. His experience includes accounting manager, corporate controller, CFO, government tax auditor, business consultant, and senior partner with various accounting/ tax/ auditing firms nationally.

Topic Background:

Can your company afford to make a million-dollar mistake? Case in point: Recently a US employer was assessed an $18.3 million dollar fine by the U. S. Department of Labor (DOL September 29, 2015).

WHD has hired hundreds of inspectors to take a good look at organizations just like yours. Plus 27 states have partnered with WHD and IRS to combat employee misclassification (e.g., employees misclassified as independent contractors; nonexempt workers classified as being exempt). They do this through information sharing and coordinated enforcement. These enforcement efforts led them to collect more than $79 million in back wages in fiscal 2014.

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