ACPEN: No Tax on Overtime: Payroll Compliance

Overview

This course provides tax and accounting professionals with a comprehensive overview of overtime requirements under the Fair Labor Standards Act (FLSA). Participants will examine the statutory framework governing overtime, including employee classification, the definition of a workweek, and the calculation of the regular rate of pay.
Through practical examples and compliance-based scenarios, the course focuses on the accurate application of overtime rules across various compensation structures. Emphasis is placed on identifying risk areas, avoiding common misclassification and calculation errors, and maintaining proper documentation to support compliance.

Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to terri.storer@acpen.com

Highlights

• Overview of FLSA overtime provisions
• Definition of a workweek and the 40-hour threshold
• Time-and-a-half requirements and exclusions from overtime pay
• Exempt vs. nonexempt employee classifications
• Components of the regular rate of pay
• Treatment of bonuses, commissions, and other compensation
• Step-by-step overtime calculation examples
• Common compliance pitfalls and audit risk
• Documentation and payroll system considerations
• Case studies involving misclassification and miscalculation

Prerequisites

None

Designed For

CPAs, payroll professionals, and accounting practitioners responsible for payroll compliance, employee classification, and wage and hour reporting.

Objectives

After completing this course, participants will be able to:

• Identify overtime requirements under the FLSA, including the 40-hour workweek threshold.
• Distinguish between exempt and nonexempt employee classifications based on applicable criteria.
• Calculate the regular rate of pay, incorporating nondiscretionary bonuses, commissions, and other compensation.
• Apply overtime rules to hourly, salaried, and commission-based employee scenarios.
• Evaluate payroll practices for compliance risks and determine appropriate corrective actions.

Preparation

None