Blog Archives

Can I pay someone as both an employee and as an independent contractor?

The official IRS position is that “facts and circumstances” always dictate how a worker is “classified” for employee (W-2) or independent contractor (1099) purposes. A person can be both an employee and an independent contractor if their “sideline services” are

Posted in Tips

Records Retention for Businesses

We are often asked, “How long do I have to keep this stuff?” Whether personal or business, the minimum is 3 years to retain records since the IRS generally has 3 years to audit you from the date you file

Posted in Tips

QuickBooks Phishing Scam

There is a new phishing scam targeting small businesses.  It is an email alert supposedly about QuickBooks with the subject line “QuickBooks Support: Change Request.” The message is “confirming” that you changed your business name with Intuit, QuickBooks’ manufacturer. The

Posted in Tips

New FLSA Requirements Suspended

The new FLSA overtime regulations which were set to increase the exempt salary threshold to $47,476 on December 1, 2016, have been temporarily suspended by Judge Amos L. Mazzant, III. Their implementation has been suspended until their legality can be

Posted in Tips

New FLSA Requirements

New overtime regulations under FLSA will go into effect on December 1, 2016.   The salary floor for FLSA exemptions will be raised to $913 per week or $47,476 annually.  In order to still be considered exempt, employees will need to

Posted in Tips