This program offers 1 CPE Credit (CPE Awaiting)

Learning Objectives:

• Comprehensive understanding of methodologies for categorizing workers, including IRS guidelines.
• In-depth review of the new overtime rules proposed by the Department of Labor (DOL) in August 2023.
• Clarity on implementing the new overtime rules and addressing potential audit issues.
• Familiarization with IRS rules for categorizing employees and recent updates pertaining to independent contractors.

Program Description:

In August 2023, the Department of Labor proposed significant changes to overtime rules for nonexempt employees. This webinar aims to equip participants with the knowledge necessary to navigate these changes and ensure compliance with IRS and DOL regulations.

The session will commence with an exploration of methodologies for categorizing workers, delving into IRS guidelines and best practices. Participants will gain insights into the complexities of employee classification, including the distinction between employees and independent contractors.

Subsequently, the webinar will provide a detailed review of the new overtime rules proposed by the DOL. Attendees will have the opportunity to clarify any doubts and pose questions regarding the implementation of these rules within their respective organizations.

Moreover, the webinar will address common audit issues encountered by businesses concerning worker categorization. Participants will learn strategies to mitigate risks and ensure adherence to regulatory requirements.

This comprehensive course is tailored for a diverse audience, including CFOs, CEOs, business owners, managers, auditors, human resource professionals, accountants, and payroll personnel. Whether you’re a seasoned professional or new to the field, this webinar offers valuable insights to navigate the evolving landscape of worker classification and overtime regulations.