Course Details

New Overtime Rule’s Impact On Payroll: Strategies For Ensuring Proper Calculation Of Wages Ahead Of December 1, 2016 Effective Date

Webinar: ID# 1023241
Recorded On-Demand
About This Course:
It’s estimated that more than 4 million salaried workers will become newly eligible for overtime when the Department of Labor’s final overtime rule goes into effect on December 1—with another 100,000 or so getting a salary bump to put them over the OT threshold.

Are you ready for these changes? Perhaps even more importantly, is your payroll system ready?

Join us for a can’t-miss webinar when Mark Schwartz of MS Payroll will help you ensure that your payroll system is equipped to manage the proper recording and calculation of wages owed to your workforce in light of the DOL’s final overtime rule.

Learning Objectives:
  • How the DOL’s final rule affects overtime compensation for your workers
  • When state vs. federal wage and hour rules apply
  • How to ensure your payroll system accurately calculates all hours and payments eligible for overtime
  • What constitutes a worker’s “regular wage” upon which the overtime premium is based
  • How to determine number of hours worked before overtime must be paid
  • How to determine the regular rate of pay
  • How to compute back wages for overtime purposes
  • Hours that may be exempt from overtime
  • The low-down on compensatory time
  • The effect on overtime calculation of stock options, commissions, and retroactive pay increases
  • Penalties for non-compliance
About Your Presenter:

Mark Schwartz
Employment Tax Specialist
MS Payroll

Mark Schwartz is an employment tax specialist with more than 10 years of employment tax experience as an independent consultant and as a payroll tax auditor with the State of California. He has managed an audit caseload of 20 ongoing audits, from small home-based businesses to large multi-national corporations. He is expert at defining regulatory and statutory requirements from local, state and federal government agencies; and helping the average businessperson understand what that mean to their business. He has processed weekly and bi-weekly payroll checks plus tax forms for businesses with hourly as well as exempt workers, multistate operations and a wide variety of benefits.

Mr. Schwartz provides consulting services encompassing payroll processing and payroll tax issues. These include payroll tax minimization, payroll tax compliance reviews, independent contractor studies, use of electronic transfers, deductions, benefits, etc. He has represented both clients and the State in front of the State Appeals Board. He understands the complexities of local wage laws, unemployment and disability claims, and other wage and benefit issues affecting your employees.

Mr. Schwartz prides himself on his outstanding customer service skills. He listens attentively to his clientele, helping them bridge the gap between the small business world and Government bureaucracy. He eagerly assists with clients needs, and feels that educating clients toward faster, accurate and more complete payroll processes provides the most value.

Mr. Schwartz is a participating member of the American Payroll Association. He earned his BA and MBA in Finance at Santa Clara University. He has held Certified Internal Auditor and Certified Investment and Derivatives Auditor Credentials. He is currently pursuing a Certified Payroll Fundamentals Credential with the American Payroll Association.
New Overtime Rule’s Impact On Payroll: Strategies For Ensuring Proper Calculation Of Wages Ahead Of December 1, 2016 Effective Date
or via On-Demand
Course Details
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