by Eric Landro | Mar 1, 2023 | Uncategorized
You might assume a salaried employee making $200,000 annually isn’t ineligible for overtime pay. However, the recent U.S. Supreme Court case of Helix Energy Solutions Group, Inc. v. Hewitt says otherwise. If eligible, overtime still applies to salaried...
by Eric Landro | Feb 28, 2023 | Uncategorized
You generally must pay federal tax on all income you receive but there are some exceptions when you can exclude it. For example, compensatory awards and judgments for “personal physical injuries or physical sickness” are free from federal income tax under the tax...
by Eric Landro | Feb 27, 2023 | Uncategorized
If customers report fraud or suspicious charges on their accounts, you can turn that fraud dispute into a loyalty-building opportunity. Handle these disputes efficiently, because you can regain — and even strengthen — customer loyalty. Alternatively, you may...
by Eric Landro | Feb 27, 2023 | Uncategorized
Buying or replacing a vehicle that you’ll use in your business? A heavy SUV may provide a more generous tax break this year than a smaller vehicle. This is due to smaller business car depreciation for tax purposes. Depreciation rules Business cars are subject to more...
by Eric Landro | Feb 23, 2023 | Uncategorized
If you made gifts last year you may be wondering if you need to file a gift tax return. The short answer: There are many situations when it’s necessary (or desirable) to file Form 709 — “United States Gift (and Generation-Skipping Transfer) Tax Return” — even if...
by Eric Landro | Feb 21, 2023 | Uncategorized
You may be able to deduct business home office expenses if you run a business from home. Many people began working from home during the COVID-19 pandemic — and many still work from their home offices either all the time or on a hybrid basis. If you’re self-employed...
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