Asian Journal- The Filipino-American Community Newspaper

Monday
Mar 22nd
Text size
  • Increase font size
  • Default font size
  • Decrease font size
Home General Interest Atty. Conrado "Joe" Sayas Accountants without CPA licenses are entitled to overtime pay

Accountants without CPA licenses are entitled to overtime pay

E-mail Print PDF
(0 votes, average: 0 out of 5)
Article Index
Accountants without CPA licenses are entitled to overtime pay
Page 2
All Pages

Q: I HAVE worked as a staff accountant for a company in downtown Los Angeles for the last 5 years. I am a Certified Public Accountant in the Philippines but not licensed here in California. I have prepared billing statements and invoices for the company’s clients, including additional clerical, bookkeeping, data entry and general law office tasks. I have consistently worked between 9-10 hours a day and occasionally work on a weekend. I have received a monthly salary but had not been receiving any compensation for overtime. Am I entitled to overtime payment from my employer?

A: It appears you are entitled to overtime payments for those days you worked in excess of 8 hours per day or times that you worked in excess of 40 hours per week.

There are two types of employees – the exempt and the non – exempt employees. The distinction is important because the former is "exempt" from the payment of overtime while the latter is entitled to these payments. In order to be truly exempt from overtime payments, the employees must be correctly classified under the Professional, Administrative or Executive exemptions.

Employees exempt under the professional exemption must be: (1) licensed or certified by the State and engaged in the practice of law, medicine, dentistry, pharmacy, optometry, architecture, engineering, teaching, or accounting, or engaged in a learned or artistic professions; (2) engaged in work which is primarily intellectual, artistic, creative or requiring advanced knowledge; (3) assigned a job that requires the exercise of discretion and independent judgment. (4) paid at least twice the state’s minimum wage for full time employment.

To fall under the administrative exemption, an employee must be: (1) paid at least twice the state’s minimum wage for full time employment; (2) charged with the performance of office or non-manual work directly related to management policies or general business operations; (3) regularly exercising discretionary and independent judgment; (4) regularly assisting a proprietor or an executive or administrative employee; and (5) working only under general supervision special assignments and tasks.

For executive exemption to apply, an employee must be: (1) paid at least twice the state’s minimum wage for full time employment; (2) assigned as primary function the management of the business; (3) responsible for regularly directing the work of 2 or more subordinates; (4) has the authority to hire, fire, give pay treatment or recommend such actions; (5) regularly and customarily exercises discretionary powers; and (6) devoting less than 50% of work time to non-managerial duties.



Comments
Add New Search RSS
+/-
Write comment
Name:
Email:
 
Title:
UBBCode:
[b] [i] [u] [url] [quote] [code] [img] 
 
 
:angry::0:confused::cheer:B):evil::silly::dry::lol::kiss::D:pinch:
:(:shock::X:side::):P:unsure::woohoo::huh::whistle:;):s
:!::?::idea::arrow:
 
Please input the anti-spam code that you can read in the image.
Powered by AJPress

3.26 Copyright (C) 2008 Compojoom.com / Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved."

 

Charter Filipino

Post this!

Add to: JBookmarks Add to: Facebook Add to: Windows Live Add to: Digg Add to: Del.icoi.us Add to: Reddit Add to: StumbleUpon Add to: Slashdot Add to: Netscape Add to: Furl Add to: Yahoo Add to: Blogmarks Add to: Newsvine Add to: Google Information
All About Alfie...
I SINCERELY thank my readers for their responses, positive and otherwise, to this column. It has been a humbling experience for me. To clear the air,...
The importance of budgeting
Budgeting is the systematic allocation of one's limited resources (income) to a potentially unlimited number of needs and wants (expenses). Budgeting...
Creditors threaten MGM with involuntary bankruptcy
METRO-Goldwyn Mayer (MGM) is teetering on the edge of bankruptcy. The New York Post reports that some creditors were threatening to force the movie...
Who Are You and Why Are You Here? Part 3 – Birth Charts and Business
One of the most useful aspects of the Zi Wei Do Shu birth chart is its ability to offer guidance in your career and confirm where your true passion...
Bankruptcy: Plan your own financial recovery now
ARE you worried about how the worsening economy may personally affect you and your family? Worried about your job and your dwindling income? If your...
The Benefits of Providing Life Insurance for Key Employees
Most people can appreciate why an individual should purchase life insurance: to help provide important financial protection for loved ones. What many...
Should I save my property or let it go into foreclosure?
A LOT of homeowners who are behind on their mortgage payments are asking me: Is it better to lose your house to foreclosure or file for bankruptcy...
When bumpers meet antler
WHEN people get ready to walk across a public road, they usually look both ways first to see if any motor vehicles are coming. Unfortunately, this...
Work-related activities that employees should be paid for
THERE are work-related tasks that employees do for the employer’s benefit but for which they are not paid. If these activities fall within "work...
Be alert to the dangers of drowsy driving
DRIVING while drowsy is an unnecessary risk you shouldn’t take. Sleep deprivation has become widespread in North America as people try to squeeze...
Luck, moxie and the good life
"The harder I work, the luckier I get." – UnknownDo you believe in luck? And if you do, have you got the moxie to be lucky?On its face value, being...
How to be the fairest of them all
Beauty is in the eys of the beholder ...yes its true but it doesnt mean that we dont have to take care of ourselves especially our skin..when we are...
Holiday wishes and birthday greetings
Making memories togetherOn December 12, despite the downpour and really wild weather, my friend Sonny Madera and Junior Gutierrez headed to Anqi...
Simmons to seek bankruptcy relief
ON September 25, 2009, SIMMONS made a press release saying that it had $1.0 billion of debt requiring a restructuring plan that includes a Chapter 11...
Dental breakthroughs and you
Traditionally, pregnancy has been time when women have been forced to delay even badly need dental treatment. But now, thanks to a new dental...
Survey finds young adults are optimistic about their financial future
HOW confident are you about your financial future? A recent report detailing the State of America’s Financial Education (SAFE) shows two-thirds of...
Understanding medicare
AS Americans live longer than ever, Medicare is probably the most popular of all health insurance programs. Medicare is a health insurance program...

The Balanced Legal Group

Click Here 

Hamer Toyota Scion

South Forbes Golf City

Metro PCS Unlimited Talk, Text, Web

Click to view FASO's December 6, 2009 Playbill

Balikbayan Magazine Issue 11 Vol. 1 February

AJTV