HAPPY BIRTHDAY USA!
BKC wishes everyone a happy and safe holiday weekend!
All posts by Jessica Dispensa
ED KUROWICKI RECIEVES HUNTERDON COUNTY CHAMBER OF COMMERCE PILLAR AWARD
Edward J. Kurowicki was honored with the Hunterdon County Chamber of Commerce Pillar Award, which was give June 14, 2016 at the announcement of the establishment of the Unity Bank Center for Business & Entrepreneurship in Hunterdon. Read more here. Learn more about Ed Kurowicki here.
FOREIGN BANK & FINANCIAL REPORTS DUE 6/30/16
All U.S. individuals and businesses must report their worldwide income on their U.S. income tax returns. One way that the IRS tries to “capture” unreported foreign income is the requirement for certain taxpayers to file Form FinCEN (Financial Crimes Enforcement Network, Dept. of the Treasury) Form 114. This form, which replaces the old Form TD Read More…
TAX TIDBIT: NEW DOL OVERTIME RULES
On May 18th, the U.S. Department of Labor (DOL) released new rules regarding the requirement for overtime pay for white collared salaried employees who do not primarily perform executive, administrative, or professional duties. Prior to this new ruling, such employees who made more than $23,660 per year ($455 per week) were not entitled to time-and-a-half Read More…
DOL OVERTIME RULE CHANGES – HIGHER EDUCATION
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 DOL Overtime Rule Changes as they pertain to Higher Education. Please don’t hesitate to contact us to discuss how these changes impact your organization specifically.
DOL OVERTIME RULE CHANGES – NONPROFITS
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 DOL Overtime Rule Changes as they pertain to the Nonprofit Sector. Please don’t hesitate to contact us to discuss how these changes impact your organization specifically.
DOL OVERTIME RULES CHANGES – GOVERNMENT
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 DOL Overtime Rule Changes as they pertain to State & Local Government. Please don’t hesitate to contact us to discuss how these changes impact your organization Read More…
DOL OVERTIME FOR WHITE COLLAR WORKERS- OVERVIEW & SUMMARY OF FINAL RULE
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.
ACTION REQUIRED FOR QUICKBOOKS DESKTOP USERS
If you use QuickBooks Desktop, here is an important announcement! Click here: QuickBooks Action Required Notice to Desktop Users Intuit has identified and is implementing an update to address a security vulnerability in QuickBooks desktop software. This does not impact QuickBooks desktop for Mac or QuickBooks Online. This link outlines the steps required to install an update, Read More…
TAX TIDBIT: WORKPLACE WELLNESS TAX RAMIFICATIONS
Workplace wellness programs, if implemented correctly, will promote healthy lifestyles for the employees and thereby reduce certain health costs to the employer. Under the Internal Revenue Code, there are tax advantages for both the employer and the employee for various types of workplace wellness programs. If the program is structured correctly, the benefit will be Read More…
