All employees are one of two types: exempt and non-exempt. As an employer or aspiring business owner, you need to know the difference between exempt vs. non-exempt employees. This knowledge can help ...

An exempt employee describes a salaried employee that is not covered by Fair Labor Standards Act (FLSA), which means they do not qualify for overtime pay. Non-exempt employees, on the other hand, are ...

Tax-exempt means not being required to pay taxes on certain types of income. Individuals can qualify for tax-exemptions. Entire organizations can be completely tax-exempt. Tax-exempt does not mean you ...

Non-exempt employees are hourly workers guaranteed a minimum wage and overtime pay of at least 1.5 times their normal, hourly rate for any hours worked over 40 per week by the FLSA. The Fair Labor ...

For various business reasons, an employer may determine that it needs to move a full-time employee to part-time status. Before an employer makes such a determination, it should pause and carefully ...

Taxes fund government programs and services. However, some income is tax-exempt. This means you don’t have to pay taxes on it. Check Out: What To Do If You Owe Back Taxes to the IRS But tax-exempt isn ...

Exempt positions, which are typically salaried and relatively high paying, are not subject to the minimum wage and overtime requirements outlined by the FLSA that govern hourly, non-exempt positions.

Sid Lewis is a partner at Jones Walker and leader of the firm’s labor and employment practice group. As a labor and employment law attorney, misclassification is by far the most common mistake I see ...