For many industries, 'tis the season to discuss overtime in the run up to Christmas. It is important for any company with employees to understand its responsibilities for paying overtime. This includes knowing who is and who is not eligible for overtime pay, and what eligible employees are entitled to receive.
Here’s a brief overview of what you need to know.
There are two categories of workers for under the Fair Labor Standards Act (FLSA): exempt and nonexempt. Exempt employees are not...
Certified Public Accountants and tax attorneys are both professionals who can help you resolve your tax issues in compliance with federal and/or state laws. However, there is a big difference between when to hire one versus the other.
Below we explore the qualifications and responsibilities of CPAs and tax attorneys, and in which situations you may need their expertise.
How a Certified Public Accountant can help you
A Certified Public Accountant, or CPA, is a financial advisor who has earned his or...
Congress passed the contentious Tax Cuts and Jobs Act in December 2017. The most recent taxes this spring are the first since the law went into effect, and represent the biggest tax reform overhaul in 30 years. Businesses have seen major changes in how they completed their tax returns this past spring.
While we’re well into 2019 and a year-and-a-half removed from the bill’s passing, we’re still learning what effects the bill is having on businesses.
Corporate tax rate and corporate alternative min...
Deductions are a smart way to offset the costs of managing your small business. These financial breaks are an opportunity to reclaim some of the money you’ve invested in your company over the year; in fact, not taking the deductions is like leaving money on the table.
While tax season is several months out, keeping deductions in mind reminds you to track your receipts year-round, allowing you to be ready for next year. Below we explore some of the most common business tax deductions that will hel...
If you’re a business owner, you rely on a lot of experts for help. You have a lawyer helping you form a corporation, a developer creating your website and a contractor improving your office. Your finances deserve the same level of expertise and attention. The right financial adviser can become like a partner in your business, aligning with you to create and grow your company.
Let’s explore some of the benefits a seasoned financial planner can bring to your business.