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443-522-0256

J Barry Berman Income Tax & Acct

Established in 1986
Serving The Villages, FL

New Overtime Regulations

The Overtime Rule

In 2014, President Obama directed the Secretary of Labor to update the overtime regulations to reflect the original intent of the Fair Labor Standards Act, and to simplify  and modernize the rules so they’re easier for workers and businesses to understand an apply. The department has issued a final rule that will put more money in the pockets of middle class workers – or give them more free time.
The final rule will:
  • Raise the salary threshold indicating eligibility form 455/week to $ 913 (47,476 per year), ensuring protections to 4.2 million worker.
  • Automatically update the salary threshold every three years, based on wage growth over time, increasing predictability.
  • Strengthen overtime protections for salaried workers already entitled to overtime.
  • Provide greater clarity for workers and employers.
DOL’s Final FLSA Overtime Regulations
You have until December 1 to comply with new Department of Labor (DOL) regulations concerning employee classification and overtime pay – the biggest wage and hour complication of the past decade.
That’s the date you’re required to begin paying overtime to workers who earn less than $47,476 a year – up from $23,660 – even if they’re classified as manager or professional.
Here’s the tough choice you face:  Either you’ll need to increase a currently exempt worker’s salary so the worker remains exempt or reclassify the worker as nonexempt – and begin paying overtime if he or she works more than 40 hours per week.
To make things even tougher, responsibility for tracking a newly non-salaried worker’s hours falls on you, the employer, not the employee.
The new rule will apply to business of all sizes, and will have major consequences for an estimated 4.2 million employees nationwide. What’s important to you, however, is the significant impact the change will have on your company’s bottom line, personnel costs, record keeping and employee morale.
reviews
  • Very knowelgable, helpful, considerate and they were able to answer my tax question in less than 10 minutes during a phone consultation. Awesome!
    - D Bland. 2/12/2018
  • I have been having my taxes done by Barry for multiple years. I have referred friends and coworkers to him for several years. He is Very Thorough, Reliable, Honest. He is "Up" on the latest Tax News and Deductions that one can take. I would Highly Recommend J. Barry Berman for personal and business tax preparations! He's your guy!
    - Katie Kelly. 10/28/2016
  • Personable and friendly as well as professional and efficient. I feel I am in good hands with Barry Berman.
    - L CM. 10/28/2016
  • J Barry is without a doubt the best CPA on the market. His clients come first, and his attention to detail is second to NONE !
    - Carmelo Cortez. 10/24/2016
  • These people have been great to work with, and I'll always go back.
    - elizabeth kim. 10/23/2016
  • I have used Mr. Berman's tax preparation service since I moved to Florida. He is excellent. He keeps up with all the latest IRS changes and has a thorough knowledge of the tax code.His office / staff are well organized and able to complete tax returns in a timely ,efficient manner. He is readily available in person or by phone to answer any and all questions. I recommend his services to everyone.
    - Norm Stahlheber. 10/23/2016
  • Barry is very accurate and it is also like seeing an old fried.
    - Joseph Negley. 10/22/2016
  • Great service, I will go to Barry from now on!
    - STEPHEN MACEK. 10/22/2016
  • Barry has been taking care of my family for at least 25 years. I would not use anyone else. He is always available to answer questions that might come up through the year.
    - Jodi Feinstein. 10/22/2016
  • I've been using J Berry Berman's services for years now. Very professional! He's very thorough and he is 100%% looking for my best interest. I highly recommend anyone to use his services! Honestly he gives off a family feel every time I go to see him.
    - Barry Wilson. 10/22/2016
  • I've been using Barry for almost 20 years, fast, honest, and reliable service. Highly recommended for anyone in need of accounting services.
    - Terrance Peacock. 10/17/2016
  • Barry has been doing my taxes for over 20 years. I highly recommend him to anyone!
    - Wendy Henderson. 10/17/2016
  • J Berry Berman has been doing my parents and my taxes for many, many years. I wouldn't even think of going elsewhere! Whether in person or via electronic communication, the process is seamless and the turn-around time excellent. Barry makes tax time easy!
    - Suzanne Canavan. 10/17/2016
  • I have been working with Barry for over 9 years. To say that he is efficient would be an understatement. It's been wonderful to have an accountant that always has my best interest at heart.
    - Delfina Kelly. 10/17/2016
  • Mr. Berman and his wife always take very good care of us. We couldn't be happier with how we are treated.
    - Jesse bitzer. 10/17/2016
  • Working with Barry over the years has been very easy and enjoyable.My taxes are always filled out and filed in a timely manner. Very professional
    - Eddie Marriott. 10/16/2016
18 Reviews
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Contact
J Barry Berman Income Tax & Acct
2437 Tatum Terrace
The Villages, FL 32162
443-522-0256
Get Directions
Hours
Mon - Fri: 9:00am - 9:00pm
Sat: 9:00am - 5:00pm
Sun: By appointment
Qualifications
Angie's List Super Service Award
Languages
English
© J Barry Berman Income Tax & Acct. All rights reserved.
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