Archive for the ‘Blog’ Category

Prepare Your Business for the New Overtime Rules

26/05/16 3:21 pm | Comments (0) | Posted By:

  If you haven’t heard the buzz over the past few weeks, there has been a significant change in federal overtime rules for employees. For business owners it is important that you be aware of these changes. If you have employees you need to prepare to be in compliance and possibly fork out more cash when the law goes in to effect on December 1...

Cancellation of Debt or Capital Gain?

11/05/16 4:31 pm | Comments (0) | Posted By:

An issue that can still have tax ramifications today, years after the great recession hit Reno, is that of debt forgiveness. If you think that since you never received any cash, debt forgiveness is not taxable, think again! Whenever there is a loan balance that gets reduced in any way, either with debt forgiveness, a foreclosure, a short sale...