Categorize Workers & the New Overtime & New Independent Contractor Rules 2024
Author: Robert K Minniti
| CPE Credit: |
2 hours for CPAs |
Updated for new laws in 2024
The US Department of Labor finalized new overtime rules on April 23, 2024. The FTC published new rules on noncompete agreements on April 23, 2024. The Department of Labor finalized new rules on independent contractors on March 11, 2024. 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 and new Department of Labor rules for how to categorize an employee? This course will review the IRS and Department of Labor rules for categorizing workers and ensuring they are paid properly.
Publication Date: July 2024
Designed For
This course would be appropriate 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 other individuals involved in the payroll process.
Topics Covered
- New US Department of Labor overtime rules on April 23, 2024
- New FTC noncompete agreements rule on April 23, 2024
- New DOL independent contractors on March 11, 2024
- Categorizing Workers
- Minimum Wage and Overtime
Learning Objectives
- Explain how to categorize workers
- Explain the rules for providing overtime
- Explain the new laws and rules for 2024
- Recognize the IRS requirements for paying workers
- Recognize the DOL requirements for paying workers
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Accounting (2 hours)
Program Prerequisites
Basic understanding of payroll processes
Advance Preparation
None
