The U.S. Department of Labor announced on Jan. 9, 2024, the issuance of its final rule regarding how a worker should be classified under the Federal Fair Labor Standards Act. The new rule, which became effective March 11, 2024, rescinds…
The home office tax deduction is for self-employed individuals who use part of their home exclusively for business activities. Unfortunately, W-2 employees who work from home full time are not able to take advantage of this tax deduction. Prior to…
As the year comes to a close, it's important for small business owners to conduct a thorough financial review and prepare for the upcoming year. By completing a year-end financial checklist, you can analyze your business's performance/position, close out the…
