Disaster occurs without warning. Your employees may be affected by wildfires, earthquakes, hurricanes, ice storms and/or tornados. When a disaster occurs, personal lives can be upended. Loss of homes and property is a common occurrence when a disaster strikes. And employers may want to help their individual employees recover. But what if an employer gives […]
Knowing the wage and hour laws and applying them is one of the basic tasks of employers in general and the payroll department in specific. But if payroll must apply the laws then the question must arise—what are the laws, and which one applies? Payroll chat rooms, blogs and classrooms constantly discuss this question. How […]
It’s unlikely that you will ever come across anyone who enjoys paying taxes, much less preparing them! For those required to file corporate tax returns, the task can be even more challenging and unnerving that preparing their individual returns. The current tax environment is a complex one that changes regularly. Corporations have their own tax […]
I discussed the complexities of compliance with wage and hour laws in a previous post. Which apply…federal or state? What areas are covered? When these questions do arise, where do you find the answers? Can a payroll professional simply check the Fair Labor Standards Act (FLSA) to find the answer with a quick verification of any […]
Most professions have their unique terminology that professionals use when engaging in work processes. For accounting and bookkeeping, terminology like debts and credits, T-accounts, accruals, amortization, depreciation, GAAP, GAAS, GASB etc. can seem like a barrier to really understanding how to record and process certain transactions. This situation is not unusual. Think about the medical […]
For many employers, there are changes coming to the currently-offered Health Reimbursement Accounts (HRA) available to employees. For health plans beginning on or after January 1, 2020, there are three types of HRA plans available, depending on the size of the employer. The primary goal of the expansion of HRA opportunities is to provide flexibility […]
I discussed the complexities of compliance with wage and hour laws in a previous post. Which apply…federal or state? What areas are covered? When these questions do arise, where do you find the answers? Can a payroll professional simply check the Fair Labor Standards Act (FLSA) to find the answer with a quick verification of any […]
I discussed the complexities of compliance with wage and hour laws in a previous post. Which apply…federal or state? What areas are covered? When these questions do arise, where do you find the answers? Can a payroll professional simply check the Fair Labor Standards Act (FLSA) to find the answer with a quick verification of any […]
As we reach the end of 2019, companies may want to check out some of the following steps to maximize their tax strategies in regards to deduction and revenue organizing for the year. These steps differ upon the company’s intention – reducing taxable income or accelerating income. A company may want to reduce taxable income […]
Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement that is a Service Contract. This subtopic provides guidance on which Cloud Computing Arrangement (CCA) implementation costs should be capitalized as an asset or expensed. ASU 2018-15 is applicable to public business entities starting in 2020 and all other entities in 2021. CCAs, in […]
