Don’t Miss These Often-Overlooked Overtime Pay Requirements

When the U.S. Department of Labor (DOL) publicizes financial penalties it has levied against employers for overtime pay violations, it’s not hoping to shame them. The treatment and calculation of this pay can be confusing. So the DOL’s goal is to make the...

Got Remote Workers? You Need to Understand Jurisdiction

The pandemic isn’t in the rearview mirror yet, but it’s already clear that the U.S. business landscape has changed. Many employers, for example, are expected to allow their remote workforce to remain working from home even though social distancing may no...

7 Valuable Deductions for Self-Employed Individuals

If your business was forced to close due to the pandemic, you may be itching to get back in the game. Or maybe you’re looking to fulfill a lifelong dream of running a business for the first time. In any event, there’s been a recent uptick in the number of...

Supreme Court Finds No Standing to Challenge a Provision of the ACA

A number of states and individual taxpayers sought to challenge the constitutionality of a provision in the Affordable Care Act (ACA). In a 7-2 decision, the U.S. Supreme Court has ruled that both the state and individual plaintiffs lacked standing to challenge the...

Help Decrease the Chance of an IRS Audit

Executive perks that are not properly reported to the IRS can land both you and your company in hot water. In the last couple of years, the IRS has engaged in an audit initiative involving executive compensation and fringe benefits. The focus began with large...

Qualifying for Tax Breaks for a Dependent Parent

For many families, the tables may turn, and adult children provide financial support for their parents. For example, you might have moved your in-laws from a long-term care facility into your home during the pandemic for safety and convenience. Or your widowed father...

Preventing Theft of Your Business’s Trade Secrets

With millions of U.S. employees still working from home, companies’ intellectual property (IP) is at greater-than-usual risk of theft, loss or compromise. IP includes trademarks, copyrights, patents and, the most common IP asset, trade secrets. Whether you...

A Buy-Sell Agreement Can Promote Your Estate Plan’s Objectives

If you own a closely held business, you’re probably familiar with the protections provided by buy-sell agreements. But do you know how important these documents can be to an estate plan? Because buy-sell agreements specify whether, and under what circumstances,...

Affinity Fraudsters Are Wolves in Sheep’s Clothing

It’s natural for individuals to immediately accept and befriend members of their own ethnic, religious, political or other identity- or interest-based communities. Fraudsters know this, and when perpetrating “affinity” schemes, they capitalize on...