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Archive for November, 2016

New Overtime Rules Suspended for Now

Posted on November 29th, 2016 by Shari Elias

Many employers have been wrestling with plans to comply with new U.S. Department of Labor (DOL) overtime rules since last May. That’s when the rules were finalized, with a December 1 compliance deadline. Those new rules included raising the minimum salary overtime exemption to $913 per week from $455. A little more than a week […]

 Get Ready Businesses: Some Filing Due Dates Are Changing

Posted on November 15th, 2016 by Shari Elias

Thanks to recent legislation, the due dates have been changed for some information returns and related statements and for some business tax returns. Here’s what you need to know. Earlier Due Dates for Forms 1099-MISC and W-2 When a business pays non–employee compensation aggregating to $600 or more to a single payee in a tax […]

Managing the Ups and Downs of Seasonal Businesses

Posted on November 3rd, 2016 by Shari Elias

What do pumpkin patches, ski resorts, ice cream shops and accounting firms have in common? They’re all seasonal businesses that experience a surge in revenues during their busy seasons that tapers off in the slow season. Seasonal peaks and troughs present challenges that require creative planning and fiscal prudence. Understand the Cash Flow Cycle Every […]