News
Blog Entries - 2015
![Department of Labor Set to Increase Exempt Employee Salary Level](https://www.stephensonwarnercpas.com/media/news/Melissa Hobson - BKGD - chin2.jpg)
Department of Labor Set to Increase Exempt Employee Salary Level
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
![Fastest way to get on the IRS's radar](https://www.stephensonwarnercpas.com/media/news/Larry Jr BKGD.jpg)
Fastest way to get on the IRS's radar
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
![Exempt Organizations and Key Employees](https://www.stephensonwarnercpas.com/media/news/Ritva Williamson BKGD.jpg)
Exempt Organizations and Key Employees
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
![Small Business Tax Benefit](https://www.stephensonwarnercpas.com/media/news/Dan Backus BKGD.jpg)
Small Business Tax Benefit
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
![Will the IRS agree that your S Corp owner wages are reasonable?](https://www.stephensonwarnercpas.com/media/news/Deb Kramer BKGD.jpg)
Will the IRS agree that your S Corp owner wages are reasonable?
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
![Lottery Winners Can Be BIG Losers!](https://www.stephensonwarnercpas.com/media/news/Larry Jr BKGD.jpg)
Lottery Winners Can Be BIG Losers!
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