Financial calculators RMS Accounting

Don’t mess with the Department of Labor and the Overtime Rules!

Jun 11, 2021 | Blog, Payroll Preparation

Some Key West Restaurants recently found out that the Department of Labor means business when they were assessed $162,000 is back wages for overtime violations. Employers need to keep good records of hours worked, comply with wage and hour regulations and properly pay...

Bills from the Hill

Jun 11, 2021 | Blog, Business Tax, Personal Tax

Below is a list tax bills introduced in Congress for which bill text became available between June 3 and June 10, 2021. The bill text for each bill can be accessed by clicking on the bill number. Individuals: H.R.2304 - Save Social Security Act of 2021. To amend...

Uh Oh — Why did I get a letter from the IRS?!?

Jun 2, 2021 | Blog, Personal Tax

You open your mailbox and see a “scary” looking letter addressed to you from the IRS. It’s a notice of payment due. What should you do? Do not automatically assume the letter is correct and submit payment to make it “go away”. There have been many recent tax law...

Need to Withdraw from your Retirement Accounts? What you need to know!

Jun 2, 2021 | Blog, Personal Tax

The idea of saving for retirement is drilled into our heads. 401(k)s or IRAs are where we stock away funds as we prepare for the day we say goodbye to the workforce. But did you know, the government actually requires you to take money out of those accounts once you...

Stay In Touch

Blog

Don’t mess with the Department of Labor and the Overtime Rules!

Bills from the Hill

Uh Oh — Why did I get a letter from the IRS?!?

Need to Withdraw from your Retirement Accounts? What you need to know!

Contact Us