On May 18th, the U.S. Department of Labor released new rules regarding the requirement for overtime pay for white collared salaried employees who do not primarily perform executive, administrative, or professional duties. The new rules were to increase the mandatory overtime pay (time-and-a-half-pay) for hours worked in excess of 40 per week for workers who Read More…
In an effort to reduce fraud the IRS has changed the deadline for the filing of Forms W-2 and Form 1099. The IRS now requires that Forms W-2 and 1099 be provided to recipients and filed with the IRS or Social Security Administration, by January 31st. In the past the January 31st deadline only applied Read More…
QuickBooks Basic & Advanced Training Courses have been scheduled for September and December 2016. Learn more about the seminars here and Register Today!
Currently, valuations of interests in family controlled entities for federal gift, estate and generation-skipping transfers can be reduced by discounts saving significant tax dollars, but this will change soon. It may be too late after December 1, 2016 to take advantage of the more favorable rules currently in effect. Aggressive discounts were historically taken, thus Read More…
May 18, 2016 the Department of Labor (DOL) released its final changes to regulations governing overtime exemptions under the Fair Labors Standards Act (FLSA). Click here to read the Overview & Summary of the Final Rule. Please don’t hesitate to contact us to discuss how these changes impact your organization specifically.
The IRS and the State of New Jersey annually require the filing of a Form 1099-MISC for all payments of $600 or more to unincorporated (sole proprietors, partnerships, or limited liability companies) service providers during each calendar year. There is a late filing penalty of $50 per unfiled Form 1099 (the penalty increases to $260 Read More…
Darlene Shaffer, a CPA, forensic and valuation expert with Bedard, Kurowicki & Co., CPA’s, PC located in Flemington, New Jersey, has recently been elected Treasurer of Board of the New Jersey Collaborative Law Group. Darlene is trained in Interdisciplinary Collaborative Law and is also a member of the International Academy of Collaborative Professionals (IACP). Collaborative Read More…
Darlene Shaffer, a CPA, forensic and valuation expert with Bedard, Kurowicki & Co., CPA’s, PC participated in an evening presentation sponsored by a local unit of the National Association of Social Workers – NJ Chaper (NASW-NJ). Other panelists included Mary Ann Bauer, Esq., Rosalyn A. Metzger, Esq. and Susan Friedman, LCSW, DVS, BCD. Darlene’s focus Read More…
Technology has led to significant changes in the way we work, substantial efficiencies in time savings, and increases in accuracy. Technology has also become the principal tool of fraudsters. We have evolved to a state where a computer is a required tool for the perpetration of fraud. That same technology offers challenges for the examiners Read More…
If you ask most business owners, “what software do you use to run your business”, the answer will be QuickBooks. The Desktop Version of QuickBooks is currently being used by thousands of small law firms. QuickBooks offers a Professional Services version of this popular software. Law firms require special handling of Client Trust Funds and Read More…
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