Assess the potential impact on your company now by determining how many
exempt employee salaries would fall below the proposed rate and how many hours they typically work per week.
Exempt, non-exempt, and salaried employees: what you don't know could cost you
You can set up a trust for them, which will be
exempt from attachment by creditors.
Protecting your assets: your life is complicated enough. Here are some ways to put your mind at ease
It is an employer's obligation to establish that an employee meets the criteria for
exempt status when the employer classifies an employee as
exempt from minimum wage and overtime.
Exempt employees may get bonuses, but know the rules
For example, some Member States treat the entire amount of a lease payment as subject to VAT whereas other Member States treat the capital portion of the lease payment as taxable and the financing element as
exempt. Suppliers are then required to allocate input tax to the respective elements to determine the deductible amount of VAT.
TEI files comments with the European Commission on modernizing the VAT obligations of financial services and insurances
Interest paid on certain private purpose bonds (such as industrial development bonds and private activity bonds) and arbitrage bonds issued by or on behalf of state or local governments is not tax
exempt. For tax purposes, such nonexempt issues are government bonds taxed like Treasury bonds.
Chapter 5 Municipal bonds
"Contrary to some concerns from organized Labor that changes would result from employees being
exempt from overtime pay, it looks like the actual impact of the rule may have been to enlarge the number of people who are eligible for overtime," he explains.
Schools cope with federal Overtime: regulation changes have increased the number of employees eligible for overtime pay
However, regardless of the type, joint ventures between tax-exempt organizations and for-profit entities are highly scrutinized by the IRS because of the concern that such ventures will not contribute to one or more of the
exempt organization's purposes.
Tax-exempt and commercial organization joint ventures
At the other end of the scale, any reporter or editor earning more than $100,000 is
exempt (almost) automatically.
New overtime regulations--are newsletter reporters and editors really exempt?
Not paying
exempt employees on a "salary basis." In order for most executive, administrative and professional employees to be considered
exempt from the overtime pay requirements, they must satisfy all of the criteria for their classification and be paid on a salary basis.
Legal update: overtime rules
John Breaux (D-La.), the ranking member on the Senate's Special Committee on Aging, to force all
exempt employees into Social Security.
Forced payment
The Wage and Hour Regulations spell out specific salary requirements, as well as tests based on the nature of the work performed, for employees to qualify for
exempt status.
Are you in compliance with the FLSA?
There are only four classifications of
exempt employees under the FLSA.
Overtime: to pay or not to pay
The proposed ruling is helpful to understand whether a recruitment initiative will cause a hospital that is
exempt from taxation pursuant to section 501(c)(3) of the Internal Revenue Code to violate the organizational and operational requirements necessary for continued tax exemption.
IRS proposed "physician recruitment" revenue ruling offers few kernels in search for
Federal courts interpreting the salaried basis test under the Fair Labor Standards Act have consistently found that seemingly innocent pay practices justify treating otherwise
exempt employees as nonexempt hourly employees, entitled to three years of overtime back pay.
Six reasons for updating your employee handbook
TAX BENEFIT RECAPTURE FOR DONATED PROPERTY NOT USED FOR AN
EXEMPT PURPOSE
Charitable donations: new Pension law affects charitable donors and donees