Activating new Department of Labor’s Fair Labor Standards Act changes
October 29 @ 1:00 pm – 2:00 pm EDT
Free
1 CPE credit
The Department of Labor (DOL) has updated the Fair Labor Standards Act (FLSA) Salary Threshold Test and the classification of independent contractors. Join us as we’ll review compliance timelines, implementation considerations, and the impact of guidance from the IRS that introduced a new approach to worker classification in 2020. We will also outline how Deloitte can assist companies during this transition. In this session, we’ll discuss:
- DOL’s changes to the FLSA guidelines
- Tax considerations in the utilization of independent contractors
- Considerations for implementation and potential operational, reputational, and financial risks from improper classification
