UPDATE 11/22/16 On Tuesday November 22, 2016 U.S. District Judge Amos Mazzant halted a federal rule that would have expanded overtime pay to roughly 4.2 million workers. The New FLSA overtime regulations were going into effect on December 1, 2016 and would have increased the salary threshold for exempt employees to $913 per week or … Read more
As a courtesy, we are reminding our bookkeeping clients that deadlines for W-2s and 1099-MISC have changed for reporting to IRS which will affect all our bookkeeping clients. In an attempt to help you get the necessary work accomplished by December 31, 2016, we ask that you pull your subcontractors, contract labor and attorney payments … Read more
Kelly Boswell, CPA, shared tips on preventing IRS identity theft with the Boerne Business Monthly readers, in her article titled, When Someone Tries to Steal Your Tax Refund. Below is a list compiled of helpful ways to minimize your chances of it happening to you: 1. File your tax return as early as possible. 2. … Read more