Meeting Minutes July 7, 2016

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Meeting Minutes – Bullet Points July 7, 2016

  • Melissa Barton opened the meeting today and was the facilitator.
  • ADP provided representatives from their office, including Megan Johnson, to present an overview of the recently enacted Fair Labor Standards Act (FLSA) overtime rules.
  • In general, employees who meet the administrative, professional, and executive exemptions must be paid a minimum weekly salary of $913 in order to be exempt from the FLSA’s minimum wage and overtime requirements. This is an increase of $458 from the previous minimum salary requirement.  The new rules become effective on December 1, 2016.
  • For those employees affected, there are two options – either increase wages to meet the salary minimum or classify the employee as nonexempt and start paying overtime when applicable.
  • You may visit ADP’s website for more information on FSLA matters. You may also wish to contact Megan Johnson at a.johnson@adp.com
  • Kim Boaz shared the results of the most recent ASAP board meeting. The website is in process and we have a fillable membership application for new members.
  • November will be our traditional planning meeting.
  • We are officially an IRS 501(c)(6) organization.
  • Everyone who wants to be listed in the directory on our website should provide a headshot for the directory. Kevin Minkoff will reach out to those who have yet to provide a headshot and you will not be included on the directory until we receive the headshot. The directory will breakout members by category – CPAs, bookkeepers, payroll specialists and consultants.
  • We currently have an All Star Accounting presence on Linked-In and Facebook.
  • We have meetings once a month on the first Thursday of the month. The Eastside location will be changing very soon to 12508 Halsey Street, Portland. Our next meeting will be August 4 from 11:30 – 1:00 PM.

FULL TEXT

Melissa Barton opened the meeting today and was the facilitator.  Each participant introduced themselves and mentioned whether they were a member or guest.  ADP provided a couple of representatives from their office, including Megan Johnson, to present an overview of the recently enacted Fair Labor Standards Act (FLSA) overtime rules.  Handouts were provided by ADP on the new rules as well.  In general, employees who meet the administrative, professional, and executive exemptions must be paid a minimum weekly salary of $913 in order to be exempt from the FLSA’s minimum wage and overtime requirements.  This is an increase of $458 from the previous minimum salary requirement.  The new rules become effective on December 1, 2016 and an estimated 4.2 million workers are affected.  For those employees affected, there are two options – either increase wages to meet the salary minimum or classify the employee as nonexempt and start paying overtime when applicable.  The restaurant and retail industries are impacted more than most other industries.  Per the presentation, approximately 70% of employers are not in compliance with current FLSA laws and 90% of wage and hour cases result in payment of back wages and overtime.  Members and guests were invited to visit ADP’s website for more information on FSLA matters.  You may also wish to contact Megan Johnson at megan.a.johnson@adp.com.  A question was asked about the ADP revenue sharing program.  ADP will share 50% of the revenues when 5 clients are referred, then 10% for several years thereafter.  ADP also offers human resource services with three levels of service.  At the self-service portal level, you have access to an ADP representative, forms, a manual, document vault and interview questions.  At the middle level, an ADP representative comes on site to help set up HR systems.  At the high level, the employees come under the employer identification number of ADP which allows access to employee benefits at a discount due to the purchasing power of a larger employer.  There is also a telephone number to call for help in resolving payroll related questions 1-800-ADP-4CPA.

After the presentation, Kim Boaz shared the results of the most recent ASAP board meeting.  The website is in process and we have a fillable membership application for new members.  Once a new member application is submitted, Renee Trump is the first contact.  Diana and Melinda also are copied on the new applications.  Renee approves the application and Linda Lagraff will email an invoice for the annual dues.  Our group also has All Star Accounting Professionals business cards with space on the back for inclusion of the person who referred the guest.  November will be our traditional planning meeting.  We are officially an IRS 501(c)(6) organization and have been averaging 2 new members a month.  Interestingly, half of the current members are bookkeepers and half CPAs.

Kim met with a graphic designer for the website.  It was mentioned that everyone who wants to be listed in the directory on the website should provide a headshot for the directory.  Kevin Minkoff will reach out to those who have yet to provide a headshot and you will not be included on the directory until we receive the headshot. The directory will breakout members by category – CPAs, bookkeepers, payroll specialists and consultants.

We currently have an All Star Accounting presence on Linked-In and Facebook.  The ASAPPDX Facebook is a closed group while the All Star Bookkeeping Group is an open group.  We plan to have a forum for discussion of various topics within the ASAPPDX.com site.