‘Joint employers’ rules clarify FLSA responsibilities
New “joint employer” rules make it easier for franchise owners to understand their responsibilities under the federal Fair Labor Standards Act. The final rule from the Department of Labor limits situations in which franchisors and franchisees are considered “joint employers” of workers under the act. It modifies a policy, enacted under the Obama administration, that […]
5 Key Questions to Answer When Creating Your Will
If you don’t want important decisions to be left up to the state when you’re gone, you need a will. If the idea of creating a will feels like you’re tempting fate, think of it as a road map you’re leaving your family, so they don’t have to stress over making the right decisions on […]
Crisis Avoided: Connecting with Your Customers During an Emergency
Worldwide GPS technology giant Garmin became the latest high-profile business to get targeted by cyber criminals. It was widely reported that Garmin suffered a ransomware attack and ultimately paid a ransom of close to $10 million to the perpetrators. While Garmin immediately issued press releases notifying its customers and the public that it was experiencing […]
IRS Rolls Out Quicker Fix for Missing, Incorrect Stimulus Payments
Are you still waiting for your Economic Impact Payment? Did you get your payment but it was for the wrong amount? The IRS initially said you needed to wait until filing your 2020 tax return to resolve any issues with missing or incorrect Economic Impact Payments. Thanks to the prodding of the Taxpayer Advocate Service, […]
Find a Budget Method That Works
Which unique method of budgeting will work for you? You have your own unique personality, preferences and lifestyle. Likewise, how you manage and organize your finances can have its own personality, including how you budget. Here are five different methods of budgeting, each with a distinct way of helping you organize your spending and finances. […]
Great Tips to Improve Your Credit Score
You’re ready to take out a loan to buy a house, a car or get a credit card. You fill out the application and wait to hear back from your bank on its decision whether to loan you the money. And then you get the dreaded phone call. Your credit score wasn’t high enough to […]
IRS Announces Common Tax Scams
The IRS recently announced its 2020 edition of its annual Dirty Dozen list of tax scams with a special emphasis on aggressive and evolving schemes related to COVID-19 tax relief, including Economic Impact Payments. Here are six of the more common scams. Phishing. Phishing refers to potential fake emails or websites looking to steal your […]
September, 2020
This month: September 15 – Extension deadline for 2019 S corporation and partnership tax returns – 3rd quarter 2020 estimated income tax is due (individuals, corporations, trusts & estates)
How to Eliminate a Tax Surprise
What is normally a reliable estimate of your taxes – the amount of money withheld from your paychecks by your employer – may be an unreliable estimate this year thanks to the current pandemic. Even worse, using the safety net of paying in what you did last year may not be practical if your financial […]
High School Students! Here’s How You Can Make College More Affordable.
Students can earn college credits while still in high school With the cost of college rising rapidly, it can be overwhelming to think about how to pay your way through school for either yourself or your kids. Fortunately, saving hundreds, even thousands, is possible. Teenagers can help keep down the cost of their future college […]