2/23/2021 UPDATE: President Biden’s administration has enacted a regulatory freeze that impacts the DOL’s ruling employment classifications. We do not expect the new employees vs. contractors rule described in this…
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President Trump signed the Families First Coronavirus Response Act, the first national legislation to offer Americans relief from the coronavirus’ impact on the economy, on March 18th. Its provisions will…
The new overtime regulations for full-time workers have passed. Employers will now be required to pay time and a half for overtime if a full-time worker makes less than $47,476…
The US Department of Labor has proposed a rule change for 2016 that will affect potentially two thirds of all businesses. The Department of Labor overtime proposal will affect businesses…
The Federal Labor Department has offered some new guidance on the difference between contractors and employees. The Labor Department has authority to do so under the Fair Labor Standards Act,…
We have received the SCOTUS ruling on the Obamacare subsidies. The Supreme Court handed down a 6-3 ruling in favor of the Affordable Care Act in the King v. Burwell…
There is no shortage of ways a taxpayer can run afoul of federal tax reporting requirements and find themselves in an audit. After all, the Internal Revenue Code (Federal Tax Law)…
The 2014 income tax filing season is almost in the books. The corporate extension deadline has passed and the individual extension deadline is nearly here. Of course, this means it’s…
In a recent tax court case, the IRS has successfully denied a “pizza deduction” for wages paid out in, well, pizza (Ross, TC Summ. Op. 2014-68). In this case, a small business…
The recent ACA update is poised to affect QuickBooks users in several ways. If you are one of many QuickBooks users who runs payroll through QuickBooks, there are some additional…
