Proposal to Change Overtime Exemptions

No data was found

The U.S. Department of Labor recently announced a proposal that could extend overtime protections to nearly five million white collar workers within the first year of the new rule’s implementation.

The argument for the proposed changes stems from the gradual application of exemptions. The most notable changes that extended exemptions took effect in August 2004 under the direction of the Bush administration. While overtime exemptions were originally intended to be applied only to highly compensated executives and professionals, there are now many cases of workers earning as little as $23,660 per year being classified as exempt. Some examples being cited include managers in convenience stores and fast food restaurants who are often expected to work at least 50-60 hours per week without overtime pay.

The Notice of Proposed Rulemaking (NPRM) was published on July 6, 2015 in the Federal Register (80 FR 38515). Comments on the proposal can be made on or before September 4, 2015 at

The professionals at Daszkal Bolton are monitoring these developments closely and will continue to offer updates as they occur.

For questions on how these overtime exemption changes could impact your business, contact Teri M. Kaye, CPA, Tax Partner, at [email protected].

No data was found

Latest Blog Posts

Person using credit card for online shopping

The Wayfair Decision Impacts More Than Sales Tax

The ripple effect of the landmark Wayfair decision (“South Dakota vs. Wayfair”) continues to confound CFO’s, accountants, and financial analysts throughout the US. In Part One of our series on the evolution of multi-state tax

Read More
Person using calculator

Year-End Tax Planning for Calendar Year 2021

Executive Summary Year-end tax planning not only provides an estimate of your 2021 tax liability, it can also reveal opportunities to lower your overall tax liabilities!  For cash basis taxpayers, defer income and accelerate expenses,

Read More

We are pleased to announce that the Daszkal Bolton team has joined CohnReznick, effective March 1.