Tag: finance

February 3, 2023

Many employers faced with large potential overtime costs elect to implement the fluctuating workweek pay plan for non-exempt workers. Under Department of Labor regulations, employers can pay a guaranteed salary for all hours worked by the employee. Instead of paying […]

February 2, 2023

On January 1, 2023, Washington joined the growing list of states requiring pay transparency in job postings. Amendments (the “Amendments”) to the Washington State Equal Pay and Opportunities Act (the “EPOA”) require covered employers to disclose pay range, benefits, and […]

January 25, 2023

California employers with at least 100 employees are likely familiar with the pay data reporting requirements that were enacted in 2020. Recent amendments under SB 1162, however, make some significant changes for 2023. You may have noticed that SB 1162’s […]

January 4, 2023

When the US Department of Labor’s Wage and Hour Division published a Final Rule on the regular rate in late 2019, it gave employers the freedom to more easily offer perks and benefits to their employees without running afoul of […]

January 4, 2023

On the first of the year, California’s new pay transparency law requiring pay scales in job postings took effect. Although the new legislation was passed in the fall, some requirements of the new law left more room for interpretation than […]

December 29, 2022

The California Department of Industrial Relations has issued new FAQs to clarify its interpretation of California’s new pay transparency requirements. Among other updates, the new FAQs provide additional guidance on: Coverage. Employers with at least 15 employees – and at […]

December 27, 2022

Step 1: Get an Employer Identification Number (EIN) If you haven’t applied for an EIN from the IRS, that should be your first step. Getting an EIN from the IRS is free, and it can be applied for online, by […]

December 13, 2022

Securing your financial security is a colossal task. People are prioritizing the safety of their funds as inflation rises and federal interest rates seem to fluctuate daily. It’s a to-do that doesn’t only affect yourself — it also influences future […]

December 12, 2022

Opening a business bank account as a sole proprietor is easy and important for your business. It allows you to keep business and personal finances separate, helps you build business credit and reputation, and simplifies your tax preparation. All you […]

December 8, 2022

Effective January 1, 2023, California employers will be required to meet new minimum wage requirements, at both the state and local level. This increase in the minimum wage affects not only non-exempt employees, but also the minimum annual salary requirement […]

December 5, 2022

In this day and age of shrinking VC funding for startups, you might think your business is the exception. You might think your business model is so ripe for growth with a little cash infusion that VCs should compete to […]

November 17, 2022

Washington, D.C.’s new non-compete law, the “Non-Compete Clarification Amendment Act of 2022” (the “Amended Act”) went into effect last month. As of October 1, 2022, employers operating in the District of Columbia are prohibited from using most non-compete provisions, with […]

November 4, 2022

If you are a farmer, congrats, you are one of the chosen few whose property taxes likely have significantly dropped this year. That is because toward the end of this past Session and without much fanfare, the South Carolina General […]

October 11, 2022

The European Union (EU) lawmakers have passed the Markets in Crypto Assets Regulation (MiCA) bill, a landmark piece of legislation aimed at regulating the digital asset market. The members voted 28 to 1 in favor of the landmark new crypto […]

September 29, 2022

A revenue ruling is a public decree issued by the Internal Revenue Service (IRS) that essentially has the force of law. A revenue ruling outlines the IRS’s interpretation of the tax laws and is binding on all IRS employees and […]

September 28, 2022

One investment niche that is often overlooked by investors is property tax liens. A tax lien is a legal claim against the assets of an individual or business that fails to pay taxes owed to the government. In general, a […]

September 23, 2022

On September 14, 2022, the European Commission (the “Commission”) published its legislative proposal for a regulation prohibiting products made with forced labour on the European Union (EU) market1. The legislative proposal aims to prohibit producers, manufacturers and suppliers from placing […]

September 23, 2022

The law of large numbers, in probability and statistics, states that as a sample size grows, its mean gets closer to the average of the whole population. This is due to the sample being more representative of the population as […]

September 21, 2022

What is a Dual Rate Income Tax A dual rate income tax is an income tax rate structure in which two different tax rates are charged depending on income levels. Breaking Down Dual Rate Income Tax With dual rate income […]

September 20, 2022

IRS Publication 970 is a document published by the Internal Revenue Service (IRS) that provides information on tax benefits available to students and families saving or paying for college. It explains the tax treatment for the most common forms of […]