News and Views

Recent surveys show that the survival rate of new businesses averages about 20% over a five-year period. In other words, if you start 100 new businesses today, 20 of them will still be in business in five years. The other 80 will have gone out of business sometime during that five-year period. These are generally we...

Last year a client asked the following question:

I recall that earlier in 2010 an accountant at your firm suggested that I could reduce my payroll taxes if I change my business status to a S corp.I dont recall if that was officially done, although I recall providing some information for paper...

Labor Department expands coverage to 1.3 million more employees by raising earnings threshold.

Workers in industries such as fast food, retail, higher education and nonprofits will be affected by the change.

PHOTO: CHRISTOPH...

As a result of the recent Uber court case holding cab drivers to be employees (Click here to read the court’s decision), the recent doubling and tripling of penalties for non-filed W-2’s and 1099’s and, ...

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