No matter your plans for your life after college graduation, the high cost of living, limited job opportunities, and considerable debt can become significant barriers to your success in achieving your goals. Other circumstances, such as a divorce or job loss, can make living independently a challenge. As a result, you may find yourself in [...]
A new overtime rule takes effect on December 1, 2016, and the Department of Labor estimates that over 4 million workers will become entitled to overtime in the first year of the change. If your employees are included in that number, now is the time to begin preparing. Here's what you need to know. The [...]
Are you a new business owner? You may be wondering how to pay yourself from your business. The answer depends on the way your business is set up. Here are common methods for making payments to business owners. Corporations If you own a traditional C corporation, your salary is subject to income and payroll taxes. [...]
When it comes to fraud, the old adage about a small amount of prevention being worth a large amount of cure is spot on. Investing in fraud prevention methods can be more cost-effective than spending time and money on clean-up after a fraud has been detected. Here are suggestions to help prevent fraud in two [...]
A good employee is a valuable company asset, and no doubt you want your employees to be as productive as possible – which is why a suggestion to boost productivity with time off might sound counterintuitive. Paid time off (PTO) can be a critical component of your employee benefits package. Besides the obvious perk to [...]
Regardless of the current economic outlook or the size of your organization, as an astute business manager, you're always searching for ways to reduce expenses and increase the bottom line. Here are suggestions for using your computer to reduce marketing and operational expenses and help achieve that goal. Take advantage of free advertising. Consider listing [...]
If you're an employer, what you have to do to comply with Affordable Care Act (ACA) rules depends on the size of your workforce. When you have 50 or more full-time employees – a total that can include seasonal workers – you have to deal with additional reporting and coverage requirements known as the "employer [...]
Are you deciding whether to make your business an S corporation for 2016? Here are tax considerations to review before the March 15 due date of the election. When you make an S election, you’re opting to have your business’s income or loss “passed through” to you and other shareholders. That means you’ll report the [...]
When you acquire tangible property to use in your business, you have to determine whether the costs should be expensed or capitalized. You probably prefer expensing so you can deduct the entire cost in the year of purchase. Otherwise, you’d need to capitalize the costs, meaning you’d get a partial deduction in the first year, [...]
