Category: Business

On December 1, 2016, employers will have to pay more to take advantage of the so-called white-collar overtime exemptions from the Fair Labor Standards Act (FLSA). To prepare for the next change, employers need to know if and to what extent they will be affected by the new overtime exemption regulations. The new rules focus…

Point of Service (POS) plans are one of the many health insurance options available to you and your family. A unique type of health plan, POS plans can be considered a hybrid of HMO and PPO plans. POS plans contain a few features of each of these, which some people may find advantageous. Below is…

There seems to be some buzz around Master Lease Options (MLO) at this time. Honestly, the buzz comes from people who don’t know what they are doing and have never done it. I have personally made more than 20 offers using this strategy and have successfully completed three. I still have all three properties today….

Many homeowners have questions about how foreclosure works and how much time they have between the time they miss a payment and the time the bank forecloses. If you’re wondering how long you have before you have to leave, it depends on whether your case will be handled in judicial foreclosure or non-judicial foreclosure. Most…

Many companies use the SAP application to help them plan their resources and activities. Its flexibility and scope make auditing challenging. SAP is highly configurable and implementations often vary, even within various business units of a company, both financial and non-financial. At the same time, the effective operation of controls within the system environment is…

If the IRS filed a tax bond against your property because of unpaid taxes, and there is no way you can remove it, it does not mean that you cannot sell or refinance your home. In fact, the IRS is often interested in improving taxpayers’ financial position, which, in turn, increases their ability to pay…

“Commercial banking” was defined in the previous edition of this book as the activity of a banking institution whose “primary business is accepting deposits, making loans, collecting commercial paper, and arranging the transfer of funds.” Under banking law from the adoption of the Glass-Steagall Act in the 1930s to the early 1980s, there was a…

Hiring an accountant can be a daunting process for many small business owners. Before starting your search, it is important to determine the type of experience and skills you need. Are you looking for someone to analyze the numbers for you and create a budget or do you really just need someone to enter the…

A shelf corporation is a paper or ghost corporation that is administratively formed and then “put on a shelf” for several years until it ages. The term “shelf” or “aged” only refers to the fact that the business has already been shelved and is sitting “on a shelf” waiting to be bought. A corporation is…

Many people have learned the best technique for filing their tax forms. They are making use of TurboTax 2010. It is the number one ranked tax app on the list and number one. Still wondering what you can do with TurboTax and what makes it so popular? First, the software is easy to take advantage…