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What Small Businesses Need to Know about New Overtime Rules
Manage episode 426612373 series 3436441
This episode of the Federal Tax Updates Podcast explores recent changes in employment law that impact small businesses. Hosts Roger and Annie discuss new overtime rules, including updated salary thresholds for exempt employees, as well as guidelines for hiring family members and the benefits of doing so. They also cover recent developments in non-compete agreements and offer advice on protecting client relationships. Throughout the episode, the hosts emphasize the importance of accountants providing comprehensive advisory services to small business clients beyond just tax advice.
Sponsors
Padgett - Contact Padgett or Email Jeff Phillips
- (00:00) - Welcome to Federal Tax Updates
- (01:49) - Small Business Issues Overview
- (03:11) - Employment Concerns for Small Businesses
- (05:59) - Fair Labor Standards Act (FLSA) Basics
- (08:46) - State vs. Federal Minimum Wage
- (12:41) - Overtime Rules and Exemptions
- (29:24) - Salary Adjustments and Overtime Considerations
- (29:58) - Impact of Political Changes on Labor Regulations
- (30:23) - Understanding Exemptions: Administrative, Executive, and Professional
- (31:18) - Outside Sales and Computer Employees Exemptions
- (33:31) - Joint Employer Standards and Franchisee Concerns
- (36:57) - Child Labor Laws and Hiring Your Own Children
- (42:54) - Non-Compete Agreements and Employee Retention
- (51:07) - Upcoming Podcast and Future Topics
Get NASBA Approved CPE or IRS Approved CE
Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.
Connect with the Hosts on LinkedIn
Roger Harris
Annie Schwab
Review
Leave a review on Apple Podcasts or Podchaser
Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!
This podcast is a production of the Earmark Media
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.
48 에피소드
Manage episode 426612373 series 3436441
This episode of the Federal Tax Updates Podcast explores recent changes in employment law that impact small businesses. Hosts Roger and Annie discuss new overtime rules, including updated salary thresholds for exempt employees, as well as guidelines for hiring family members and the benefits of doing so. They also cover recent developments in non-compete agreements and offer advice on protecting client relationships. Throughout the episode, the hosts emphasize the importance of accountants providing comprehensive advisory services to small business clients beyond just tax advice.
Sponsors
Padgett - Contact Padgett or Email Jeff Phillips
- (00:00) - Welcome to Federal Tax Updates
- (01:49) - Small Business Issues Overview
- (03:11) - Employment Concerns for Small Businesses
- (05:59) - Fair Labor Standards Act (FLSA) Basics
- (08:46) - State vs. Federal Minimum Wage
- (12:41) - Overtime Rules and Exemptions
- (29:24) - Salary Adjustments and Overtime Considerations
- (29:58) - Impact of Political Changes on Labor Regulations
- (30:23) - Understanding Exemptions: Administrative, Executive, and Professional
- (31:18) - Outside Sales and Computer Employees Exemptions
- (33:31) - Joint Employer Standards and Franchisee Concerns
- (36:57) - Child Labor Laws and Hiring Your Own Children
- (42:54) - Non-Compete Agreements and Employee Retention
- (51:07) - Upcoming Podcast and Future Topics
Get NASBA Approved CPE or IRS Approved CE
Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode.
Connect with the Hosts on LinkedIn
Roger Harris
Annie Schwab
Review
Leave a review on Apple Podcasts or Podchaser
Subscribe
Subscribe to the Federal Tax Updates podcast in your favorite podcast app!
This podcast is a production of the Earmark Media
The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
All content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.
48 에피소드
Semua episode
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