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New Overtime Ruling Blocked, For Now

  • 29 November 2016
  • Author: Alexander Carr
  • Number of views: 491
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New Overtime Ruling Blocked, For Now
If you’ve been sweating out the new overtime law changes going into effect December 1, 2016, you have a bit more time to plan. Just last week, the United States District Court for the Eastern District of Texas issued a preliminary injunction blocking the U.S. Department of Labor's new rule, which would have more than doubled the minimum salary level for exempt employees from $455 per week ($23,660 annually) to $913 per week ($47,476 annually)

Tax Scam Roundup

  • 15 November 2016
  • Author: Alexander Carr
  • Number of views: 775
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Tax Scam Roundup
Finally, some good news when it comes to tax scams. Earlier this fall, police in India raided nine call centers that were involved in calling phone numbers in the United States pretending to be IRS agents and demanding payment for taxes. The scam netted the operation approximately $150,000 a day, according to The Wall Street Journal. Even with this large operation shut down, though, it’s important to stay vigilant. Tax scams start and evolve every single day

How the “Gig Economy” May Affect Your Tax Bill

  • 10 November 2016
  • Author: Alexander Carr
  • Number of views: 1060
  • 0 Comments
How the “Gig Economy” May Affect Your Tax Bill
The new “sharing” or “gig” economy has given us all the option to earn a little extra cash on the side.  If you’re a driver for rideshares like Uber or Lyft,  rent property through a service like HomeAway or Airbnb, or participate in any other trendy “gigs”  like consulting through Upworkthe IRS has created a website to help spell out what part of your profit belongs to the government.
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