•Employees acting as
advisors or consultants to clients or customers
•
•
Financial Services
Enterprise
Tax Expert
Financial Consultant
Client #1
Client #3
Client #2
Advises Client #1 on
tax laws for a start-up enterprise
Advises Client #2 on
tax consequences
of a corporate merger
Advises Client #3 on
investment options
Advises Client #2 on obtaining
financing for building a new
manufacturing plant
An exempt
administrative employee’s primary duty must be the performance of work
directly related to the management or general business operations of the
employer or the employer’s customers.The regulations explain that the term “employer’s customers” means
that employees who are acting as advisors or consultants to their employer’s
clients or customers also may be exempt.This would include, for example, those working as tax experts or
financial consultants.