Blog

Self-Employment Tax Reduction Strategies for Spouse-Owned Businesses

If you own a profitable, unincorporated business with your spouse, you’re probably fed up with high self-employment (SE) tax bills. Self-Employment Tax Basics For 2016, the maximum 15.3% self-employment (SE) tax rate hits the first $118,500 of net SE income. For 2017, the 15.3% rate hits the first $127,200 of net SE income. It includes … Continue reading Self-Employment Tax Reduction Strategies for Spouse-Owned Businesses

The Rules Surrounding National Origin Discrimination

When it comes to employment discrimination based on national origin, the Equal Employment Opportunity Commission (EEOC) plays a key role in enforcing the related civil rights laws. This type of discrimination, says the EEOC, “involves treating people — applicants or employees — unfavorably because they’re from a particular country or part of the world, because … Continue reading The Rules Surrounding National Origin Discrimination

Promote From Within Successfully: A Management Cookbook

Promoting non-supervisory employees to management roles can be a morale-booster for the promoted employee, and for others. Seeing a fellow employee move up the ladder gives coworkers reason to expect that, someday, they could rise to that level as well. Also, homegrown talent can be more economical, both by avoiding recruitment costs and because the … Continue reading Promote From Within Successfully: A Management Cookbook

Paper Packaging Makes a Comeback

Good old-fashioned paper is continuing to return to the manufacturing process.   For some companies, environmental concerns prompted the switch back to paper from styrofoam peanuts, bubble film and other plastic-based materials in packaging since paper is recyclable and reusable. Other manufacturers discover that customers are dissatisfied or simply refuse to accept shipments packed in … Continue reading Paper Packaging Makes a Comeback

Financial Planning for Millennials Gaining Career Success

We know it’s a tough transition to stare at your 30s and say good-bye to youth. Seriously, though, millennials have great opportunities to transform how people live, work and do business in the next three decades. With that power comes great responsibility to manage your finances wisely. This article will stare into the abyss of … Continue reading Financial Planning for Millennials Gaining Career Success

5 Tips for Managing Inventory

If you’re like many dealers, your vehicle inventory may have yo-yoed over the last few years. You likely experienced a glut of new cars during the recession, while used cars generally continued to move — sometimes with not enough supply to meet the demand. Then, typically, your manufacturer adjusted production, sending fewer cars — and … Continue reading 5 Tips for Managing Inventory

Tax Victory for Homebuilders in Accounting Stand-Off

In a significant case, homebuilders that want to realize income under the completed contract accounting method based on an entire development won a victory. The United States Court of Appeals for the Ninth Circuit upheld a lower court ruling affirming that a homebuilding group could defer tax under the completed contract method rather than use … Continue reading Tax Victory for Homebuilders in Accounting Stand-Off

Court: Outsourced Employees Count for COBRA Purposes

A U.S. Appeals Court recently ruled that the outsourced employees of a staffing company did count for purposes of determining whether the company met the small employer exception of the Consolidated Omnibus Budget Reconciliation Act (COBRA). Therefore, the court found the company was subject to the law, and imposed penalties due to the company’s failure … Continue reading Court: Outsourced Employees Count for COBRA Purposes

Revised OSHA Regs Have Kicked In

The first part of the new OSHA “illness and injury” reporting regulations is straightforward enough. It states that those who are already required to file these reports must now submit the forms electronically, via a secure OSHA website. Companies not currently required to file injury and illness reports aren’t affected by the new rules. Electronic … Continue reading Revised OSHA Regs Have Kicked In