Author: communications

IACC – Miami > Blog Archives

EXHIBITORS DIRECTORY

Oro Exhibitors

Barovier&Toso

Barovier&Toso is the most ancient glass company in the world, established in 1295 and still based in Venice Murano, devoted to maintain and innovate the glass tradition with timeless masterpieces (lighting fixtures and decorative objects), unique for design, exquisite manufacture, technology fused with creativity, to inspire true emotions, positive feelings and special atmosphere.

www.barovier.com

Bruno Zampa

Bruno Zampa finds its origins in 1960 in Verona. Over the years, the company has expanded its portfolio including all type of furniture and furnishing accessories, now offering turnkey solutions, and managing the projects from the concept to the execution. In 2023 Bruno Zampa introduces MONOGRAPHY, a new taste experience.

www.brunozampa.it
www.monography.it

Eugenio Campo

Eugenio Campos RLS BISA Benefit Corporation specializes in producing custom wine cellars and cigar elements for yachts, private residences, and hospitality settings. They create fully tailored interior projects, with Eugenio Campos overseeing project management, production (made in Italy), assembly, and worldwide post-assembly support.

www.eugeniocampo.com

Minotti Miami

Established in 1948, Minotti is an Italian company with a solid reputation at an international level as an excellent expression of “Made in Italy” in the field of contemporary furniture design and ambassador of a classic-modern lifestyle in the residential and hospitality segments.

Over the years the company has conceived a specific “Minotti code”, that has become a constant feature of every collection, always following the key principle of “innovation in the spirit of continuity”. Deeply rooted in the company’s DNA, it is linked to the principles of aesthetic understatement, timeless elegance, continuity in the sign of tradition, artisan savoir-faire with great attention to sartorial details.

www.minotti.com

Moroso

Moroso Furniture, an Italian design brand, creates high-end, contemporary furniture with a focus on craftsmanship, bold aesthetics, and innovation. Collaborating with renowned designers, Moroso offers vibrant, sculptural pieces blending art and function. Known for unique shapes and luxurious materials, Moroso captures modern elegance with an avant-garde touch.

www.moroso.it

Nilma

Nilma Living is an Italian manufacturer of bespoke luxury furniture, leveraging expertise gained from working with top luxury brands and the finest Italian craftsmanship. We offer tailored solutions for the residential market, ensuring high-quality materials, exceptional finishes, and personalized service. Collaborating with international architects and developers, we deliver unique pieces that embody sophistication and attention to detail.

 www.nilmacontract.com

Snaidero America

Snaidero America is a group of experienced and skilled professionals with decades of experience in cabinetry, millwork, and multi-unit projects in the American market. Snaidero America provides turn-key service Nationwide. Design, field measurement, delivery, installation, and after-service. With Snaidero America, you will have a one-stop-shop experience.

www.snaideroamerica.com

Terzani

Terzani combines traditional Italian craftsmanship with innovative design to create luxurious lighting that transforms spaces with an artistic touch. Known for sculptural pieces that blend technology and materials like glass, metal, and crystals, Terzani lights serve as functional art installations. The brand’s unique, hand-crafted fixtures are inspired by nature, fluid shapes, and avant-garde aesthetics, offering a refined sense of style for high-end interiors worldwide.

www.terzani.com

Imperial Interiors

Imperial Interiors is the premier destination for ultra-luxury, high-end Italian furniture in the heart of Miami. Official distributor of the prestigious brands:

  • Roberto Cavalli Home Interiors: Elegance and sensuality: an evolution of luxury in a powerful mix with a wild and distinctive charm. Iconic prints of the fashion collections are most representative of the brand, expressed through a galaxy of vibrant colors, weaves, and patterns.
  • Etro Home Interiors: Infusing the brand with his aesthetics of poetry and modernity, Creative Director Marco De Vincenzo shapes the Etro Home Interiors collection rethinking the House’s heritage in the now, in which furnishings, accessories, and objects of the Etro world coexist.
  • Gianfranco Ferre’ Home: The unique character of the Gianfranco Ferré Home collections is in continuous evolution and is undergoing a transformation towards a contemporary style. The latest offerings is an expression of international, and metropolitan taste characterized by modern minimalism and signature elements.
www.imperialmiami.com

Argento Exhibitors

Solari

Solari di Udine S.p.A. is a company primarily operating in the field of public information display systems, with a historic connection to the industrial clockmaking sector. The company gained fame for inventing the split-flap clock and, more broadly, the split-flap display. Solari also specializes in workforce management solutions and access control systems, enhancing efficiency and security across industries.

www.solarilineadesign.com

Cocktail Sponsors

Pininfarina Segno

Pininfarina is a world leading design house established in 1930 in Turin, Italy. Pininfarina has evolved from an artisan company to an international service group, representing the pinnacle of automotive style and a consolidated presence in product and experiential
design. Pininfarina Segno is the result of the collaboration between Pininfarina and Signature Srl, a project that evolved through a shared passion for creative talent, research into innovation, and a real concern for quality craftsmanship and the Made in Italy.

www.pininfarinasegno.it
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The Best of Italian Design – Art Week Edition – Visitors

WHEN  December 4,5,6 – 2024

WHERE  Istituto Marangoni Miami (3704 NE 2nd Ave, Miami, FL 33137)

RSVP on Eventbrite: DESIGN INDUSTRY PROFESSIONALS ONLY

(local industry professionals, architects, interior designers, and real estate developers) 

The Best of Italian Design is a unique event dedicated to celebrating and displaying Italian interior design brands and Made in Italy high-end products.

The event is created for those industry professionals (architects, interior designers, real estate developers) and design lovers interested in discovering high-end Italian interior design companies.

This year, the 5th edition of our signature event, “The Best of Italian Design,” will take place in the heart of the Miami Design District during Art Week Miami, which hosts over 20 international art fairs (including Art Basel and Art Miami), more than 1,200 exhibiting galleries, and tens of thousands of art and interior design lovers from all around the world: a unique opportunity to promote the Italian Design industry.

Within this context, the Italy-America Chamber of Commerce will present a 3-day event, including seminars, B2B meetings, workshops, and networking cocktails.

This is a unique opportunity to create business connections with cutting edge Italian design companies, listen to our keynote speakers and network with hundreds of design professionals in attendance.

THE EVENT AT A GLANCE

The 5th edition of The Best of Italian Design includes:

EVENT PROGRAM

4-6 December 2024, every day:

4:00pm-6:00pm | NETWORKING IN THE EXPO AREA including:

  • Business meetings
  • Introduction between exhibitors and design professionals
  • Promotion opportunities to an audience of design lovers

Click here to view the full exhibitors’ directory

6:00pm-7:00pm | TALKS including in the 3 days:

  • Distinguished Keynote Speakers
  • Open discussion with renowned architects, interior designers, and real estate developers
  • Furniture Dealers Round-Table

Click here to view the Talks Program

7:00pm-9:00pm | NETWORKING COCKTAIL including:

  • Second Round of Business Meetings
  • Drinks and bites

Click here to discover the tasting

VISITORS

The Italian design exhibition is open to the public every day from 4:00 PM to 6:00 PM. (No registration required)

From 6:00 PM to 9:00 PM, this event is exclusively reserved for architects, interior designers, general contractors, and real estate developers. (Please register below).

REGISTER HERE

Limited capacity. Please, make sure to submit your registration form on Eventbrite and select your preferences.

21+ TRADE ONLY EVENT | NO RSVP AT THE DOOR

EXHIBITORS

COCKTAIL SPONSOR

PARTNERS

TECHNICAL SERVICES

For Exhibiting Opportunities please contact: marketing@iacc-miami.com

Watch here the video of the 2023 edition of “The Best of Italian Design” in the Miami Design District

 
IACC – Miami > Blog Archives

Italian Business Community Night- Our Sponsors

GOLD SPONSORS

Clevertech

Clevertech North America based in Fort Myers, Florida, is a high-added value enterprise which allows the global Clevertech Group to directly support the US, Canadian and Mexican markets. Staff includes professional managers, mechanical, software and electrical technicians, as well as over fifty external technicians. Clevertech North America provides machine sales and systems design, testing, installation and commissioning of systems, after-sales and spare parts support.

www.clevertech.com

CMC Group Miami

CMC Group is a fully integrated real estate development company, focused on luxury residential, commercial, and retail properties, founded in 1986 by visionary developer Ugo Colombo.CMC has redefined luxury residential development and through its use of fine materials and quality construction continues to be recognized as one of South Florida’s premier luxury condominium developer.

www.cmcgroupmiami.com

Valdo USA

Valdo is a family-owned winery located in Valdobbiadene, a UNESCO World Heritage Site. Founded in 1926, Valdo is one of the most historic and trusted brands specialized in premium Prosecco and Italian sparkling wines, blending tradition with innovation. Passion for quality and strong commitment to sustainability are the key company values driving Valdo into the future.

www.valdo.com

SILVER SPONSORS

Barakat & Bossa

Barakat + Bossa is an international firm which has been protecting business and their owners in litigation and arbitration since 2004. The company focus on business matters such as partnership disputes, non-competes, corporate litigation, real estate, breach of contract and financial fraud. In 2020, the firm was renamed Barakat + Bossa after a merger between Brian Barakat & Giacomo Bossa.

www.b2b.legal

Florense

Founded in 1953, Florense is a Brazilian Company with an Italian heritage. At Florense state of the art technology and craftsmanship operate hand in hand to produce furniture of impeccable quality. Florense has mastered industrial fabrication and yet is able to customize each project as if made by an artisanal cabinetmaker. It offers flexibility in dimensions, materials and hundreds of finishes.

www.florenseusa.com

Giro d’Italia – Ride Like a Pro

Giro d’Italia – Ride Like a Pro is a premier cycling event and training initiative inspired by the iconic Giro d’Italia race. Their mission is to empower cyclists of all levels to participate in a memorable event, “riding like a pro” and to enhance their skills, fitness, and enjoyment of the sport through immersive experiences and expert guidance.

www.giroridelikeapro.com

JAS USA

JAS is a premier “go-to” company for those wishing to move cargo from anywhere in the world to anywhere else in the world. Through the use of advanced tracking technologies, sophisticated global communications, and a large team of experts across a broad spectrum of specialties, JAS is able to cost effectively handle the shipping of everything from tiny camera parts up to the massive components required to build an oil rig.

www.jas.com

NDM Racing

NDM Racing is a motorsport communication company. We specialize in the creation and implementation of tailor-made marketing, advertising and branding campaigns for companies who want to establish a presence in the American and Italian markets through the exciting world of car racing.

www.ndmracing.com

O Munaciello

O Munaciello is a traditional Neapolitan pizza restaurant that opened in Miami in January 2017. Bringing the essence of Florence to the area, it reinterprets classic Neapolitan dishes using local ingredients and high-quality imports. The pizzas are baked in a custom-made brick oven from Naples, offering a unique culinary experience in South Florida.

www.munaciello.com

Robert Allen Law

Founded in 1993 by Robert N. Allen, Jr., Robert Allen Law is an international boutique law firm located in Miami’s financial district. With over 25 years of legal expertise, the firm specializes in both domestic and international matters, serving a diverse clientele including Fortune 500 companies and foreign investors. Robert Allen Law offers personalized legal services that rival larger firms, ensuring clients receive dedicated attention from a cohesive team of experienced professionals.

www.robertallenlaw.com

Stemal Srl

Founded in Rome in 1992, Stemal specializes in Artist Management, TV Production, Theater, Music, and Advertising. The agency handles events, conventions, social media, and TV commercials, and manages celebrities in entertainment and sports. It also develops new TV formats and collaborates with TV channels, while protecting authors’ rights through SIAE.Additionally, Stemal is an independent record label and music publisher, planning productions and tours for emerging and established artists..

www.stemal.it
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Welcome Cocktail and Dinner Menu

The Italian Business Community Night will be held on the picturesque pool deck, situated on a terrace in the heart of Brickell, surrounded by the unparalleled views of the city lights.

Beverage Sponsors

Valdo USA

Valdo is a family-owned winery located in Valdobbiadene, a UNESCO World Heritage Site. Founded in 1926, Valdo is one of the most historic and trusted brands specialized in premium Prosecco and Italian sparkling wines, blending tradition with innovation. Passion for quality and strong commitment to sustainability are the key company values driving Valdo into the future.

www.valdo.com

Ruffino 1877

Ruffino is a multifaceted business centered on the production of quality Italian wines, whose mission incorporates the key requirements of contemporary agriculture. An established producer of top Tuscan wines with over a hundred years of history, which continues to provide the basis of its popularity, more recently the company extended its vision beyond these historic Tuscan estates with wines that achieve their highest expression in Veneto, whose terrain is especially suited to the production of quality Prosecco and white wines.

www.ruffino.it

Acqua Panna & S. Pellegrino

Acqua Panna is a water that’s worth savoring. Crafted by nature for an unmistakable taste, filtered drop-by-drop through the sun drenched hills of Tuscany since 1654. The balanced and unmistakable taste of Acqua Panna makes it the finest water to savor at the best tables. Acqua Panna is Tuscany captured in a bottle.

“Tastefully Italian” is how San Pellegrino describes itself. Two words to introduce a dimension full of taste: of course, the unmistakable taste of S.Pellegrino, with its gentle bubbles and fine mineral balance. But from a wider perspective, it’s the idea of living life in good taste, seen as the Italian sense of style and quality.

www.acuqapanna.com
www.sanpellegrino.com
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IACC – Miami > Blog Archives

Online Sales into the U.S. – Are Businesses Virtually Tax-Free?

By Mowery & Schoenfeld, LLC

Michael Szewc, Director of State & Local Tax Services and Diksha Bhatt, International Tax Manager

Considering the global nature of businesses and the large and diversified U.S. market, foreign businesses have successfully penetrated the U.S. market with their goods and services. A fair amount of these successful foreign businesses sell to U.S. customers through digital means without any physical location or presence in the U.S.   

Most U.S. income tax treaties with other countries provide U.S. federal tax exemption for a foreign business’ U.S. profits as long as the foreign entity does not have a U.S. permanent establishment (i.e., a U.S. taxable presence). Depending on the relevant state where customers are located, the particular state may or may not follow the federal income tax rules.  

This article briefly discusses certain U.S. federal and state tax rules relevant to inbound sales of goods and services in the U.S.  

U.S. Permanent Establishment   

In simple terms, a U.S. permanent establishment (“PE”) generally refers to a fixed place of business through which a foreign entity carries on business in the U.S.  Permanency of the U.S. business location and its discretionary availability to the foreign business is primary. Other aspects, such as ownership of the place or type of place, may not necessarily be always relevant.   

Relevance of Treaty Permanent Establishment Rules for State Income Tax and State Sales Tax  

Some U.S. states may honor the provisions of tax treaties and preclude foreign entities from income tax when such entities do not have a permanent establishment in the U.S. However, these protections do not extend to other measures of tax. A business only needs a sufficient connection (“nexus”) with a state or local jurisdiction to be subject to sales and use tax and often other state-imposed taxes. 

For foreign and domestic businesses, sales tax nexus was historically triggered if a business established physical presence in a state. Examples of physical presence include offices, inventory, salespeople, or employees. The U.S. Supreme Court abolished this decades-long requirement in its 2018 decision, South Dakota v. Wayfair, Inc. As a result of the ruling, states could impose sales and use tax on remote sellers based solely on their economic presence, prompting states with a sales tax regime to enact thresholds based on total sales or number of transactions. 

Although these thresholds vary by state, the most widely adopted has been $100,000 in sales or 200 separate transactions within a twelve-month period. Foreign businesses approaching or exceeding this level of economic activity should be aware of the potential requirements to register, collect, and remit sales and use taxes. 

Even in a post-Wayfair landscape, foreign businesses should consider the ramifications of having a physical presence in the U.S.  

State Tax Implications: When a Foreign Business Serves the U.S. Market Using U.S. Servers or Other Computer Equipment in the U.S. 

A server is typically used to host websites. A foreign entity may have its own website through which it sells goods or services in the U.S. By itself, a website is not considered tangible property and usually does not result in a PE for the foreign entity in the U.S.  In many cases, the server on which the website is hosted, even though located in the U.S., may be rented by the foreign entity from a third-party internet service provider.  In this case, usually, such a server may not constitute a PE of the foreign entity because it may not be considered to be at the disposal of the foreign entity. In other words, in the absence of controlling rights over the server, the server may not constitute a PE in the U.S. for the foreign entity.  

On the other hand, a server owned or rented explicitly by the foreign entity exclusively for its own use to host its website may constitute a PE of such entity in the U.S. Taxpayers also need to consider other aspects for determining whether there is a U.S. PE through a server, including: (1) permanency of the server at the location, i.e., the duration of time for which that server is located in the U.S. so as to be considered a fixed place PE in the U.S.; (2) whether the taxpayer’s main business activities can be considered to be carried on in the U.S. through that server or whether the server is only utilized to carry on ancillary business activities so as not to constitute a PE.  

From a state perspective, a common misconception is that sales and use tax is only applicable to tangible personal property. Many states have broadened their tax bases to include digital products and services. In particular, the taxation of software-as-a-service has expanded to over 20 states. Foreign businesses may need to collect sales tax from customers in the U.S., regardless of the server’s location where the software is housed. 

State Tax Implications: Where a Foreign Business Has a U.S. Agent or Warehouse   

Foreign entities making online sales in the U.S. may have a warehouse in the U.S. to ship the actual goods to the customers.  These entities may also have agents in the U.S. to support their business operations.  

Generally, a warehouse utilized only to store and display goods does not constitute a U.S. PE. Agents with the authority to habitually conclude contracts or habitually play the principal role leading to the conclusion of contracts may constitute a U.S. PE. For foreign entities selling online directly to customers, the role of agents, if any, may not be substantial to create a U.S. PE.  

However, when it comes to sales tax considerations, the results may be very different. Maintaining inventory with a third-party logistics provider can create nexus, and therefore collection and remittance responsibilities, long before the economic thresholds are met. Some of these services (e.g., Fulfilled by Amazon) can even create these requirements in numerous states as property is moved and stored across the country. 

Other Sales and Use Tax Considerations  

Drop shipping can pose unique burdens on foreign businesses making remote sales into the U.S. The transaction between a wholesaler and distributor should qualify under the resale exemption; however, exempt sales are only exempt if the proper documentation is presented. If a retailer isn’t registered in the ship to state, they may not be able to issue a valid resale certificate and will be subject to sales tax themselves.  Retailers generally can’t pass along the tax charged by the supplier unless they are registered to collect that state’s tax. 

Digital Services Taxes  

The lack of taxing rights around online businesses has prompted several countries to introduce taxes on digital services and/or goods. These taxes are commonly referred to as Digital Services Taxes (“DSTs”). Each country may have its defined set of online activities on which a DST is levied. 

While the U.S. does not have any DSTs at a federal level, certain U.S. states have introduced proposals to levy these unique taxes. The constitutionality of these state taxes is currently under dispute, but it is important for taxpayers to be on the lookout for future changes. 

Inbound Businesses Need to Proactively Evaluate Their Tax Obligations  

In summary, at a state level, foreign businesses with no U.S. presence may consider themselves beyond the legal jurisdiction of state and local taxing authorities. However, foreign businesses may be subject to sales and use taxes in various U.S. states, and failure to register, collect, and remit sales tax may have long-term consequences for the business. The liability for sales and use taxes can transfer to a successor entity or individual, which may limit the desirability of the business, especially to U.S.-based investors. Therefore, inbound businesses should proactively evaluate their state and local sales and use tax obligations. 

Connect with Our M&S International & SALT Teams  

Our dedicated state tax and international tax service line experts can assist with customized and comprehensive assessments and efficient solutions for your businesses. We assist with the analysis stage and support you with related U.S. federal and state compliance.   

IACC – Miami > Blog Archives

“U.S BATHROOM FIXTURES DISTRIBUTORS MISSION IN ITALY”

The Italy-America Chamber of Commerce Southeast in collaboration with Piemonte Agency (https://www.centroestero.org/en/) the official trade agency of Piedmont region is organizing a trade mission to the industrial district of Borgomanero (between Milan and Turin) to discover the new collections of famous Italian bathroom fixtures manufacturers. The mission is a unique opportunity for international buyers to get in touch and doing business with a selection of Italian top-class suppliers showing their craftsmanship and high-quality products like faucets, taps, fittings, shower heads, shower arms, showers columns etc. during a two-day program of B2B meetings and visits to companies’ factories .

The IACCSE will offer this opportunity to five selected US buyers, including distributors and interior designers. 

The organizer will offer an ALL-INCLUSIVE BUYERS’ HOSPITALITY PROGRAM that includes:   

  • Round-trip flight from a US airport to Milano Malpensa airport 
  • Private airport/hotel transportation 
  • Accommodation for 3-nights in the beautiful town of Arona on the shores of scenic Lake Maggiore 

If you are an importer/distributor/retailer of plumbing supplies, we are inviting you to consider this great opportunity to meet new Italian producers and explore potential partnerships for the future. 

Should you be interested in participating, please contact us at trade@iacc-miami.com no later than Monday August 26th 2024. 

IACC – Miami > Blog Archives

Agreement with Cruise Ship Interiors Americas

Cruise Ship Interiors Design Expo Americas (CSI) is the world’s only exhibition and conference exclusively dedicated to connecting the buyers and suppliers of the cruise design industry. Taking place annually at the Miami Beach Convention Center, the next edition is scheduled for June 3-4, 2025. This prestigious event will feature over 250 exhibitors specializing in furniture and furnishing materials for the cruise ship market.

CSI attracts a diverse audience of 3000 professionals, including interior designers, architects specializing in the naval sector, and interior design managers from major international cruise lines. Leading cruise brands such as Carnival Cruise Line, Royal Caribbean, Virgin Voyages, and MSC Cruises will be present, making it an unmissable event for those in the industry.

CSI also offers attendees the opportunity to discover the latest products and services from. The expertly curated Conference & Workshop Program will cover key topics such as upcoming trends and sustainability, featuring insights from industry leaders.

Thanks to an agreement signed with Cruise Ship Interiors, the Italy-America Chamber of Commerce Southeast will organize an Italian pavilion at the 2025 edition. This pavilion will include a pre-assembled stand and a series of networking activities, conferences, and seminars, providing valuable visibility to the participating Italian companies. The participation cost for a 10×10 feet stand starts at $8400. For more information and to register, please contact trade@iacc-miami.com and address your inquiries to Francesca Lodi.

Don’t miss this extraordinary opportunity to be part of the most important event in the cruise design industry. Join us at the Miami Beach Convention Center on June 3-4, 2025, for an event that promises to be both informative and inspiring.

IACC – Miami > Blog Archives

Elevate Your Brand at the Italian Business Community Night (October 18, 2024)

Join us on October 18th, 2024, from 6 pm to 11 pm, for a fantastic night that will include a networking cocktail, live music, keynote speakers’ presentations, a delightful 4-course dinner presenting selected Italian food & wines, and an afterparty at the JW Marriott Miami, in the vibrant neighborhood of Brickell.

During the night the Chamber will recognize with the Pillar Award, its longstanding members.

In particular:

20 years of membership

  • Beghelli USA
  • Chamber of Commerce of Genova (Italy)
  • Robert Allen Law

25 years of membership

  • Prime Line Distributors

Over 200 business leaders are expected to join this year’s event.

Keynote speakers will talk about the rise of Miami as a sport capital of the world and how big sporting events, like the FIFA World Cup or the recurring Miami Open and Miami Grand Prix, will transform the city landscape and economy and what the opportunities are for Italian companies in this context.

This event is also an excellent opportunity for your company to have a wider exposure by becoming a sponsor. 

Sponsors receive exclusive benefits, such as 1 table for 8 guests, an exhibition space for marketing material and high-visibility recognition before and during the event, including a company presentation from the stage.

To download the official presentation of the event, click here: IBCN_presentation

To become a sponsor, download the sponsorship package here: IBCN_Sponsors_Package

Single tickets will be available starting from the end of August on Eventbrite

Priority will be given to event sponsors and their guests.

We look forward to seeing you on October 18th at the JW Marriott Miami in Brickell!

IACC – Miami > Blog Archives

New Overtime Exemption Rule: Evaluating Your Options for Compliance

By ADP

The U.S. Department of Labor (DOL) recently released a final rule that will increase the minimum salary required for administrative, professional and executive employees to be exempt from overtime. The final rule increases the minimum salary requirements first on July 1, 2024 and then again on January 1, 2025. With the first change less than two months away, now is the time to evaluate your options. Here are some guidelines for doing so.

Overview of changes

Effective July 1, 2024, the minimum salary for the administrative, professional and executive exemptions will increase from $684 per week to $844 per week (equivalent to $43,888 per year). 

Effective January 1, 2025, the minimum salary required for these exemptions will increase from $844 per week to $1,128 per week (equivalent to $58,656 per year).

Employers continue to be permitted to use non discretionary bonuses, incentive payments and commissions to satisfy up to 10 percent of the minimum salary requirement for the administrative, professional and executive exemptions, as long as these forms of compensation are paid at least annually.

Note:  Employees must also satisfy certain duties tests to be classified as exempt from overtime. The final rule didn’t change these duties tests.

Two options

If your exempt administrative, professional and executive employees’ salaries fall below the new federal salary requirement, you will generally either have to:

  • Raise their salaries to the new requirement (if you elect this option, review employees’ job duties to ensure they continue to qualify for the applicable exemption); or
  • Reclassify the affected employees as non-exempt and pay them overtime whenever they work more than 40 hours in a workweek.

Continue to read at the following link: www.iaccse.com/wp-admin/post.php?post=18179&action=edit

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