Archive: October 2016

 

What is the Overtime: Final Rule?

You may have heard something about the new overtime rule that will go into effect soon.  As of December 1, 2016 the most important amount for you to remember is $47,476 annually (which translates to $913/wk). This is the new minimum salary requirement. How was this amount determined? “The Dept. set the standard salary level […]

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IRA Qualified Charitable Contributions

In year-end legislation, the Consolidated Appropriations Act of 2016 finally made permanent qualified charitable distributions (QCDs) from individual retirement accounts. Some IRA owners made QCDs earlier this year, anticipating QCDs made on or after Jan. 1, 2015 would be recognized for federal income tax purposes. Here are the requirements for making QCDs: Only individuals who’ve […]

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What is customer service?

In the past few weeks my husband & I have run into some pretty poor customer service.  We purchased a new dishwasher Memorial Day weekend and it began leaking two-thirds of the way through the wash cycle.  My husband called them on it, and after repeated attempts to contact both the company we purchased it […]

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What is a form 1099 and when is one needed?

There are many components as to when 1099 should be issued. A form 1099, also referred to as an informational return, is something that should be prepared when payments are made in the course of your trade or business. That means one should be prepared for anyone who was paid rent, outside services, labor, or interest […]

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