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New Overtime Rule May Mean More of Your Employees Qualify for Overtime Pay

Mon, Sep 12th 2016
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 background. The Fair Labor Standards Act mandates the federal minimum hourly wage and time-and-one-half pay for hours worked beyond 40 in a week. The Act exempts certain "white collar" workers and... Read More »

Will You "Boomerang" After Graduating From College?

Tue, Sep 6th 2016
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 the position of having to "boomerang" – that is, having to return to your childhood home to live with your parents. Although boomeranging may feel like a... Read More »

Maximizing Your Firm's Bonding Capacity

Thu, Sep 1st 2016
The information you present in your company’s financial statements gives sureties a sense of your company’s operating results and financial strength. You are more likely to get the bonding you want at a competitive rate when sureties believe that your company is financially sound and carefully managed. Here are some steps you can take between now and year-end to highlight your company’s strengths and make it more attractive to sureties. Take Time To Plan: Take the time necessary to present your... Read More »

ACA and Employers: How Seasonal Workers Affect Your Workforce Size

Mon, Aug 29th 2016
For purposes of the Affordable Care Act, an employer’s size is determined by the number of its employees. Employer benefits, opportunities and requirements are dependent upon the employer’s size and the applicable rules. If an employer has at least 50 full-time employees, including full-time equivalent employees, on average during the prior year, the employer is an ALE for the current calendar year.  However, there is an exception for seasonal workers. If you have at least 50 full-time... Read More »

How a Summer Wedding Can Affect Your Taxes

Tue, Aug 23rd 2016
With all the planning and preparation that goes into a wedding, taxes may not be high on your summer wedding checklist. However, you should be aware of the tax issues that come along with marriage. Here are some basic tips to help with your planning: Name change. The names and Social Security numbers on your tax return must match your Social Security Administration records. If you change your name, report it to the SSA. To do that, file Form SS-5, Application for a Social Security Card. You can... Read More »