This course provides tax and accounting professionals with a comprehensive overview of overtime requirements under the Fair Labor Standards Act (FLSA). Participants will explore the statutory definition of overtime, exemptions, and the calculation of the “regular rate of pay.” Through practical examples and compliance-focused scenarios, learners will gain the skills to identify risks, properly compute overtime pay, and advise clients or employers on best practices. The course emphasizes regulatory compliance, accurate application of rules, and strategies to avoid common pitfalls in wage and hour audits.

Learning Objectives
• Define overtime requirements under the FLSA, including the 40-hour workweek threshold.
• Identify categories of employees exempt from overtime provisions.
• Calculate the regular rate of pay, incorporating nondiscretionary bonuses, commissions, and other compensation.
• Apply overtime rules to practical scenarios involving hourly, salaried, and commission-based employees.
• Evaluate compliance risks and recommend corrective measures to mitigate exposure during wage and hour audits.

Major Topics
• Overview of the Fair Labor Standards Act (FLSA) overtime provisions
• Definition of a “workweek” and the 40-hour threshold
• Time-and-a-half requirement and exclusions from overtime pay
• Exempt vs. nonexempt employee classifications (executive, administrative, professional, and industry-specific exemptions)
• Step-by-step calculation examples for different compensation structures
• Best practices for documentation and payroll systems
• Case studies illustrating misclassification and miscalculation issues

To complete this course participants need to: Answer polling questions to meet NASBA / IRS / State Board of Accountancies requirements for attendance verification.

Upon course completion a course evaluation form is provided for your feedback.

Participants have 1 year from the date of purchase/enrollment to complete this course

CPE Prime is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.  Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org

Our Refund Policy can be found at: https://cpeprime.com/cancellation-and-refund/