The Impact of 2024 FLSA Changes on Workplaces Explained The Fair Labor Standards Act (FLSA) governs minimum wage, overtime pay, and working hours, ensuring that employees across the U.S. are treated fairly. In 2024, significant changes to the FLSA overtime rules will...
Mastering Tax Document Organization and Retention Maintaining proper tax records is crucial for both individuals and businesses. Not only does it ensure compliance with tax laws, but it also provides a safeguard in case of audits or disputes. This article will delve...
Underpayment Penalties and How to Avoid Them Underpayment penalties can be a significant concern for taxpayers, both individuals and corporations. These penalties are imposed when taxpayers fail to pay enough tax throughout the year, either through withholding or...
Choosing the Right Filing Status for Your Taxes: A Comprehensive Guide When it comes to filing your taxes, one of the most crucial decisions you’ll make is selecting the appropriate filing status. Your filing status affects your filing requirements, standard...
When you’re the owner of a corporation or S-corporation, it can feel natural to pay for business-related expenses out of your own pocket from time to time. After all, you are the business, right? Well, not exactly — and the IRS makes that distinction very clear....
