Here is the answer you‘ve been waiting for to one of the most common questions asked of CPAs post-tax season. Which tax documents and financial papers out of the seemingly endless piles of information, do folks need to keep? Generally, keep records that support an item of income, a deduction, or a credit shown on...
Since Mother’s Day is almost here and Father’s Day is right around the corner, we wanted to remind clients about the tax benefits which exist for adult children taking care of their elderly parents. The Bureau of Labor says that over 37 million people in the U.S.A. are involved in eldercare. According to AARP, 78%...
Tax refunds are on the way! While you may be tempted to spend it and get the “fun” out of your refund, remember you also have a great opportunity to a nice chunk of change and invest it. In that spirit, we have compiled a list of suggestions on how to use that refund check...
Buying a home can be difficult and expensive. Thankfully, there are tax breaks that can help you in your quest to become a homeowner, and also assist you with the mortgage and maintenance. Our tax experts have put together a list which can provide great savings for those who qualify. Using 401(k) or IRA funds...
THE BASICS The FLSA stipulates that most employers are required to pay most employees the federal minimum wage for each hour worked, as well as overtime pay for all hours worked in excess of 40 hours in one workweek. The FLSA allows for exemptions from the overtime and minimum wage requirements for certain executive, administrative...
