by Steven J Weil, PhD, EA, LCAM | Oct 5, 2023 | Blog, Business Tax, Payroll Preparation
What is Reasonable Compensation and Why Should I Care? If you own all or part of a S-Corporation you are required to receive reasonable compensation as wages — subject to payroll taxes as an employee of that S-Corporation. Positions like President, Treasurer or...
by Steven J Weil, PhD, EA, LCAM | Sep 22, 2023 | Blog, Payroll Preparation
Another Court Affirms Employees Overtime & Time Worked Pay Requirement The U.S. Court of Appeals for the Second Circuit has approved a ruling by a New York District Court finding that New York City Emergency Medical Technicians (EMTs) and paramedics were...
by Steven J Weil, PhD, EA, LCAM | Jun 13, 2023 | Blog, Payroll Preparation
Do you know the minimum wage for your state? The current Florida Minimum wage is $11.00 per hour and it increases to $12.00 per hour on September 30,2023. The Federal minimum wage is currently $7.25 and employers must pay the greater of either the state or federal...
by Steven J Weil, PhD, EA, LCAM | Jan 9, 2023 | Accounting, Blog
A recent investigation by the Department of Labor (DOL) found that 11 franchisees in 6 states of the Utah-based Crumbl Cookies bakery company violated federal child labor laws. According to the Fair Labor Standards Act (FLSA), whether school is in session or not, 14...
by Steven J Weil, PhD, EA, LCAM | Jul 28, 2021 | Blog, Business Tax
Corporation Liable for Payroll Tax That Should Have Been Paid to Officers: Mr. and Ms. Hacker were co-owners of Blossom Day Care Centers, Inc. (Blossom). In addition, the Hackers were sole shareholders of Hacker Corp. that provided management services to Blossom....
