Tag Fair Labor Standards Act
The Fair Labor Standards Act (FLSA or Act) requires covered employers to pay employees a minimum wage and, for employees who work more than 40 hours in a week, overtime premium pay of at least 1.5 times the employee’s regular… Continue Reading →
Classification of an employee as an independent contractor can make employers liable for employment taxes. https://www.irs.gov/newsroom/understanding-employee-vs-contractor-designation. Generally, an employer must withhold income taxes, withhold and pay Social Security and Medicare taxes and pay unemployment tax on wages paid to an employee…. Continue Reading →
As readers may recall, the Obama administration issued new Fair Labor Standards Act (“FLSA”) overtime rules that required employers to pay overtime to employees earning less than $913 per week, which amounts to $47,476 annually. This new rule, scheduled to… Continue Reading →