There is great news for certain construction company contractors in the tax reform package. The 2017 Tax Cuts and Jobs Act increases the gross receipts limit to qualify for the small construction contract exception to the percentage of completion method by $15 million.
If your company handles protected health care information (PHI), chances are that you’ve heard of HIPAA. Although discussions about HIPAA colloquially involve privacy, the HIPAA Security Rule is much more important and translates directly to IT systems.
Understanding the concept of Last In, First Out (LIFO) conformity, and applying it correctly, can help manufacturing businesses maximize tax savings.
Final DOL regulations on which employees will be entitled to overtime pay will impact businesses in 2016 and beyond. Learn how they may affect your company.
The Labor Department’s new final overtime rule could drastically impact companies’ bottom lines. Learn how the rule affects companies, and what they can do.
In a recent decision by the Ohio Supreme Court analyzing the reasonableness of a public construction contract’s per diem liquidated damages clause, the Court held that the enforceability of the clause must be analyzed at the time of contracting rather than at the project’s completion.
Remember when you could claim itemized deductions on your tax return with no restraints? Those good old days are long gone. Under the Pease rule—named for the Ohio congressman who initially introduced the concept a quarter of a century ago—upper-income taxpayers may lose some bang from their bucks.
On July 6, 2015, the Obama administration issued proposed changes to rules enforced by the Fair Labor Standards Administration. While these regulations are proposed, and comments from the public are currently being analyzed, employers should be aware of the impact that these changes will have on their businesses.