As a business owner or manager, it’s important to understand the Fair Labor
Standards Act (FLSA) and how it affects your business.

The FLSA is a federal law that sets minimum wage, overtime pay, record-keeping, and youth employment standards for public and private sector employers. At our tax company, we understand the intricacies of the FLSA and can provide professional help to ensure your business is compliant with this important legislation.

One of the most important aspects of the FLSA is the minimum wage requirement. Currently, the federal minimum wage is $7.25 per hour. However, some states and municipalities have set their own minimum wage rates that are higher than the federal rate. It is important to ensure that your company pays employees at least the applicable minimum wage.

Another key provision of the FLSA is the requirement to pay overtime for hours worked over 40 in a workweek. Overtime pay must be at least one and one-half times the employee’s regular rate of pay. There are some exceptions to this requirement, such as for certain executive, administrative, and professional employees. Our tax professionals can help you determine whether or not your
employees are exempt under the FLSA.

Record keeping is another important aspect of the FLSA. Employers must keep accurate records of hours worked, wages paid, and other employment-related information. Failure to maintain proper records can lead to penalties and legal disputes. Our professional help can ensure that your business maintains the necessary records in compliance with the FLSA. In addition to our FLSA services, we also offer private professional tax courses with some of the best tax professionals in the industry. Our courses are designed to help business owners and managers gain a deeper understanding of the tax system and stay current with the latest changes. Whether you’re looking to improve your knowledge or train your team, our courses can give you the experience you need to succeed.

Don’t let the complexities of the FLSA overwhelm you. Contact us today to schedule
an appointment with one of our tax professionals and take the first step toward FLSA
compliance. And don’t forget to ask about our private tax professional courses to
improve your knowledge and confidence in the tax system