Comments on: QuickBooks Tips Payroll Mistakes – It’s Not As Easy As 1-2-3! Part 1 http://blog.sunburstsoftwaresolutions.com/2010/05/24/quickbooks-tips-payroll-mistakes-%e2%80%93-it%e2%80%99s-not-as-easy-as-1-2-3-part-1/ by Sunburst Software Solutions, Inc. Tue, 07 Feb 2012 20:06:51 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Nancy Smyth http://blog.sunburstsoftwaresolutions.com/2010/05/24/quickbooks-tips-payroll-mistakes-%e2%80%93-it%e2%80%99s-not-as-easy-as-1-2-3-part-1/comment-page-1/#comment-5559 Nancy Smyth Wed, 26 May 2010 13:46:08 +0000 http://blog.sunburstsoftwaresolutions.com/?p=588#comment-5559 Patrick This is a great addition to this post! Thank you so much for taking the time to stop in and respond. Patrick
This is a great addition to this post! Thank you so much for taking the time to stop in and respond.

]]> By: Patrick Haggerty http://blog.sunburstsoftwaresolutions.com/2010/05/24/quickbooks-tips-payroll-mistakes-%e2%80%93-it%e2%80%99s-not-as-easy-as-1-2-3-part-1/comment-page-1/#comment-5553 Patrick Haggerty Wed, 26 May 2010 01:54:27 +0000 http://blog.sunburstsoftwaresolutions.com/?p=588#comment-5553 Hi Nancy There is a myth in the business world that Salary = exempt (from the minimum wage and overtime requirements of the FLSA - Fair Labor Standards Act and state wage and hour laws). In truth - in most (but not all) cases, the employee must be paid on a salary basis in order to be exempt. However, exempt is based on what the employee does, not how the employee is paid. So salary basis does not = exempt. There are a number of regulations dealing with how to determine the overtime pay of non-exempt salaried employees - notably 778.113 & 778.114 but also a number regs in 778 subparts D and E. One of the MAJOR mistakes employers make is to assume that people on salary do not have to be paid overtime - that is true only for exempt employees - whether paid hourly (certain IT professionals), salary, or commission. Hi Nancy
There is a myth in the business world that Salary = exempt (from the minimum wage and overtime requirements of the FLSA – Fair Labor Standards Act and state wage and hour laws).

In truth – in most (but not all) cases, the employee must be paid on a salary basis in order to be exempt. However, exempt is based on what the employee does, not how the employee is paid. So salary basis does not = exempt.

There are a number of regulations dealing with how to determine the overtime pay of non-exempt salaried employees – notably 778.113 & 778.114 but also a number regs in 778 subparts D and E.

One of the MAJOR mistakes employers make is to assume that people on salary do not have to be paid overtime – that is true only for exempt employees – whether paid hourly (certain IT professionals), salary, or commission.

]]> By: Tweets that mention QuickBooks Tips Payroll Mistakes – It’s Not As Easy As 1-2-3! Part 1 | QuickBooks for Contractors blog -- Topsy.com http://blog.sunburstsoftwaresolutions.com/2010/05/24/quickbooks-tips-payroll-mistakes-%e2%80%93-it%e2%80%99s-not-as-easy-as-1-2-3-part-1/comment-page-1/#comment-5541 Tweets that mention QuickBooks Tips Payroll Mistakes – It’s Not As Easy As 1-2-3! Part 1 | QuickBooks for Contractors blog -- Topsy.com Tue, 25 May 2010 07:20:18 +0000 http://blog.sunburstsoftwaresolutions.com/?p=588#comment-5541 [...] This post was mentioned on Twitter by Charlene Buchanan, Les Murphy. Les Murphy said: #quickbooks QuickBooks Tips Payroll Mistakes – It's Not As Easy As 1-2-1! Part ... http://ow.ly/17u0NR [...] [...] This post was mentioned on Twitter by Charlene Buchanan, Les Murphy. Les Murphy said: #quickbooks QuickBooks Tips Payroll Mistakes – It's Not As Easy As 1-2-1! Part … http://ow.ly/17u0NR [...]

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