Insights

A recent ruling by U.S. District Judge Mazzant has put a nationwide hold on the Department of Labor’s new overtime rule, which was supposed to go into effect on December 1, 2016. The overtime rule was challenged by 21 states and more than 50 business groups. Those contesting the new rule were concerned that businesses…

Fixed asset management is not something that companies generally have at the top of their priority list; however, having effective fixed asset management provides numerous benefits that should not be overlooked. It is understandable that companies may fall short in this area since fixed asset management is something that not only takes considerable effort to…

The IRS is getting stricter on filing deadlines for information returns and have increased penalties for businesses that fail to file on time. Forms such as 1099 and W-2 will be required to be filed by January 31 or subject to a hefty penalty. In the past, the IRS may have been more relaxed in…

The end of 2015 introduced changes to the tax code that may affect your business this year. While planning for 2017 and beyond will provide uncertainty until after the elections, strategic year-end tax planning is key to running a successful business, as it will minimize taxes owed and keep that money growing in your business. Research Credit Expansion Many…

With changes in the political landscape on the horizon, prospects for tax reform in 2017 and beyond will be clearer after Election Day. Until then, effective legislative action in 2015 brought a number of noteworthy changes that will guide your 2016 year-end tax planning. Changes in Filing Deadlines Some returns will be subject to changes…

Now there’s a headline you don’t see too often: “IRS Lowers Fees…” It’s true. Effective July 1, 2016, the IRS has taken steps to continue to ease the application process for tax-exempt charities. The application fee for Form 1023-EZ will be reduced from $400 to $275. This random act of kindness from the IRS comes…

Attention Accounts Payable Managers and CFOs: Keep these new document management trends on your radar. These new trends could greatly benefit your organization by doubling productivity with information movement in key company areas and potentially double user efficiency. The following are next generation top 10 trends defining document management: Automation, automation, automation: Automatically route invoices;…

In 2014, President Obama instructed the Secretary of Labor to update the overtime regulations under the Fair Labor Standards Act for the first time since 2004. The new overtime rule was recently released in May and will require certain employers to pay overtime to their salaried workers. The Department of Labor estimates that the new…