Making your business more valuable.
The U.S. Department of Labor (DOL)'s new overtime rules go into effect on December 1, 2016. Employees that you now have on salary may need to be converted to hourly if they’re under the new pay threshold amount. These employees must be paid overtime … [Continue reading]
There are just four ways to grow your business. It may sound a bit simplistic; however, there really are only four fundamental ways to successfully grow your business – in other words make it more valuable: 1. Increase the number of customers … [Continue reading]
In late December 2015, Congress passed the Protecting Americans from Tax Hikes, or PATH, act. The act extends many popular tax breaks to the 2015 tax year. In previous years most of these tax breaks only got a one year extension. This time Congress … [Continue reading]
Providing their usual timely and efficient service, Congress has finally moved to extend several tax provisions which expired at the beginning of the year. H.R.5771 was passed by the House on December 3, 2014, and was just approved by the Senate on … [Continue reading]
Small business owners face tax threats and opportunities in many areas. Here are two to consider: depreciation and fixed asset purchases, and health reimbursement accounts (HRAs). Section 179 deduction In December many small business owners who had … [Continue reading]
Just because you’re a tax-exempt organization doesn't mean that you don’t have to file a tax return. But, the IRS does try to make compliance easy for smaller organizations. Who needs to file When most people think of tax-exempt organizations, … [Continue reading]