Sometimes it feels good to get rid of clutter, especially this time of year when the holidays tend to bring more into the house. Cleaning out papers we have kept for years is a good project around this time. But there are some guidelines to be aware of before you put a pile of papers… Read more

Employees in occupations where gratuities are common, such as restaurant waitstaff, have long fallen into a special category when it comes to minimum wage rules. Government regulations allow “an employer to satisfy a portion of its minimum wage obligation to a ‘tipped employee’ by taking a partial credit, known as a ‘tip credit,’ toward the… Read more

Have you been deducting your R&D expenses as they occur? Starting in the new year, that option is obsolete pending any legislation change for year end. You will have to amortize them over multiple years. The IRS will require business owners to amortize Section 174 research expenses, which are qualifying research expenses or “QREs,” over… Read more