New Overtime Rules for 2024 & Worker Categorization
Author: Robert K Minniti
| CPE Credit: |
2 hours for CPAs |
In August of 2023 the Department of Labor released a proposal for new rules for paying overtime to nonexempt employees. 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? Are you familiar with the new rules for independent contractors?
Publication Date: January 2024
Topics Covered
- 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
- Identify the government agency that proposed new rules banning noncompete clauses
- Identify an IRS behavioral factor for determining if an employee is an independent contractor
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Accounting (2 hours)
Program Prerequisites
None
Advance Preparation
None
