Tips to Prepare for the New DOL Exemption Ruling

First, a little bit of background: The Fair Labor Standards Act sets the minimum wage, overtime, recordkeeping and youth employment standards for American workers. These standards are enforced by the Department of Labor Wage & Hour Division. While most cases… Read more→

To Capitalize or Expense…That is the Question

Businesses buy supplies, materials and equipment constantly.  Repairs and maintenance on existing assets also recur frequently.  How does your accounting department handle these outlays? The Internal Revenue Service (IRS) finalized regulations in September 2013 regarding whether expenditures were considered immediate… Read more→