Q: As an employer, am I required to pay my employees sick time, vacation, and otherwise supply them with paid time off? A: Under the Fair Labor Standards Act, there is no employer requirement to give employees paid time off. …
Q: As an employer, am I required to pay my employees sick time, vacation, and otherwise supply them with paid time off? A: Under the Fair Labor Standards Act, there is no employer requirement to give employees paid time off. …
Introduction How much do you want to put into your retirement account this year? With the new year, retirement account contribution limits change. Depending on your retirement account, you may be able to contribute $5000, or up to$50,000. Listed below…
According to an article which recently appeared in the Tampa Bay Business Journal, Tampa is ranked among the Top Twenty US Cities for M&A activity. Based on a report published by Mergermarket, Ltd, through the first nine months of 2011…
Introduction It is that time of year again! Time to put up the holiday displays, be merry, spend money, and get ready for tax season! A lot of people don’t want to think about it, but (if you plan properly)…
A Court of Appeals ruled that reliance on an accountant’s advice was not enough to avoid the negligence penalty. In the case, the taxpayers contracted with an accountant to aid them in the sale of a business. The accountant recommended…
Q: I have yet to contribute to my IRA. When is the last day I can contribute funds to my IRA for the 2011 year? A: Generally, funds contributed to an IRA must be contributed before the individual tax filing…
Selling a business is something that most business owners will only attempt once in their career. With an estimated 70% – 90% of their total net worth tied up in their business, they can’t afford to make a costly mistake,…
Introduction Is there anything good on the menu today for cafeteria plans? Yes, actually there is something new on the menu and everyone is going to enjoy it. A little known provision in the Patient Protection and Affordable Care Act…
In a Revenue Ruling, the IRS has found that an S Corporation’s accumulated adjustments account (AAA) is not increased by insurance proceeds received by the corporation for the death of an employee if such proceeds are not taxable. Conversely, the…
Q: What is a Series Limited Liability Company (Series LLC)? A: A Series LLC is a company created and formed under state statute that is similar to a regular LLC. The difference is that assets are placed into series for…
