Supreme Court Rules HCEs May Be Eligible for Overtime
You may think that the terms “highly compensated worker” and “overtime pay” don’t belong in the same sentence, but the Supreme Court disagrees. HCEs can receive overtime if they are …
Special Compensation Rules for Business Owners
S corporations allow the business to pass corporate income, losses, deductions and credits through to their shareholders for federal tax purposes. But with those great advantages come many rules, including …
It Is Always a Good Time to Check Withholding
Are you having the right amount of taxes withheld from your paycheck? You should check at least once a year, or even more frequently if you’ve had a major life …
How to Handle Payroll Across State Lines
Normally, payroll and taxes shouldn’t be a problem when you own a small business. However, if you have employees who either live in one state and work in another, or …
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 …
Are Your Employees Really Employees?
Do you have employees or independent contractors? It’s not always an easy question to answer, but the IRS insists you get it right because there’s a huge difference in how …