Blog

BKC WELCOMES KELSEY BUTLER

BKC CPA’s welcomes Kelsey Butler, a recent graduate of Fairleigh Dickinson University with a Master of Science degree in Accounting.  Kelsey  is a current resident of Holland Township, NJ with three years of public accounting experience, previously working for William Colantano, CPA in Washington, NJ whose practice merged with BKC  in January 2016.  Kelsey is Read More…

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 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…