Can You Be Exempt and Non-Exempt at the Same Time?
You can allow an employee to work two different jobs for your company. However, under the FLSA, you cannot classify an employee as both exempt and nonexempt — it must …
Why You Need Accurate Monthly Financials
Monthly financial reporting helps owners, managers and potential lenders get a better understanding of a company’s current and future financial status. You can see financial trends when you examine daily, …
You Don’t Have a Business Plan – Why?
A business plan helps counterbalance your emotional response to your business so that you can step back and take an objective look at the following: A business plan also helps …
IRS Provides Guidance on Schedules K-2 and K-3
The IRS has provided further details on additional transition relief for certain domestic partnerships and S corporations preparing the new schedules K-2 and K-3 to further ease the change to …
Trusts: Good for a Variety of Families
A trust can be a useful estate-planning tool for lots of people — not just billionaires. Is a trust right for you? There are two main reasons why you would …
Intro to the Accounts Payable Process
The term “accounts payable” encompasses almost all the non-payroll payments a business makes. It’s an integral part of your company’s financial statements. If you fail to track billing properly, the …