Investment Interest Expenses Deductions Might Not Be Worth Taking
Investment interest, the interest on debt used to buy assets held for investment, such as margin debt used to buy securities, can generally be deducted [...]
U.S. Employers Are Required to Be Form I-9 Compliant
Effective January 22, 2017, employers must use the revised form I-9, Employment Eligibility Verification Form. The I-9 is the form that all U. S. employers [...]
On the Road to Increasing the Recovery of Travel Expenses
Travel expenses, while they may not be one of your largest costs, depending on your contractual requirements, could easily be one of the most scrutinized [...]
New Year’s Resolution: Create a Financial Plan
It seems that every year goes by more quickly than the one before. And each year we make a few promises to ourselves that for a variety of reasons never come to fruition. So perhaps we should make a resolution to keep at least one resolution this coming year.
Watch Your SALT!
While technology has made it much easier to provide services to customers all over the country or the world, it is also easy for business owners to find themselves in a tax quagmire. SALT in tax circles refers to State and Local Taxation and includes all taxes legislated and administered by state and local tax authorities including income, franchise, sales and use, property, real estate, payroll, business licenses, among others.
DOL Overtime Rule Blocked
U.S. District Judge Amos Mazzant, a federal judge in Texas, granted a preliminary injunction blocking the U.S. Department of Labor (DOL) from implementing a controversial [...]
A Look at President-Elect Trump’s Tax Plan
President-elect Donald Trump’s tax reform plan was released earlier this year. The affects on businesses include: Reducing the top corporate income tax rate from 35% [...]
Employers: January 2017 Is Busier Than Ever with New Due Dates
December and January are undoubtedly busy times for businesses with closing out their calendar years, gathering documentation for their accountants, tax preparers, and auditors, and [...]
The New DOL Fiduciary Rule – What Plan Sponsors Need to Know!
The U.S. Department of Labor (DOL) published its long awaited and highly controversial final rule on April 6, 2016, which addresses when a person is considered a fiduciary under the Employee Retirement Income Security Act of 1974 (ERISA), when providing investment advice to a Plan, its participants and beneficiaries.
Explaining the New FLSA Overtime Rule
The Labor Department has issued a rule that doubles the salary threshold for overtime exemption, effective Dec. 1. This is a big change for business [...]