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Blog Entries - 2015

Department of Labor Set to Increase Exempt Employee Salary Level

Department of Labor Set to Increase Exempt Employee Salary Level

November 2, 2015

Written by: Melissa Hobson The US Department of Labor (DOL) currently allows businesses who employ executive, administrative, and professional positions to pay them a salary as opposed to an hourly wage plus overtime

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Fastest way to get on the IRS's radar
Larry Warner Jr.

Fastest way to get on the IRS's radar

August 3, 2015

written by: Larry Warner Jr. Unpaid Business Payroll Taxes…the Ultimate Red Flag   Nearly every business faces cash flow problems at some point in its life cycle.  It’s tempting to use employee

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Exempt Organizations and Key Employees
Ritva Williamson

Exempt Organizations and Key Employees

July 1, 2015

Our clientele includes a multitude of tax exempt clients. We do their audits and tax work and one of the often asked questions is the definition of a key employee. Who is and who isn’t? The exempt organizations

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Small Business Tax Benefit
Dan Backus

Small Business Tax Benefit

May 4, 2015

Are you tired of giving your kids allowance for little to no housework? Need a way to lower taxes on your business? Fortunately, Congress put has a law in place that benefits the small business owner that will

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Will the IRS agree that your S Corp owner wages are reasonable?
Deb Kramer

Will the IRS agree that your S Corp owner wages are reasonable?

April 2, 2015

Over the past five years, S Corporation compensation has become a key issue with the IRS.  So much so that with the discussion of comprehensive tax reform, the IRS is considering making S Corporation profits

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Lottery Winners Can Be BIG Losers!
Larry Warner Jr.

Lottery Winners Can Be BIG Losers!

March 16, 2015

Occasionally we encounter clients that hit it big at the casino, win the lottery or perhaps even a sweepstakes.  Often times, in their excitement of winning, they begin spending their fortune on items they normally

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