The Fair Labor Standards Act (FLSA) ensures most workers receive overtime pay for working more than 40 hours a week. The Department of Labor (DOL) has recently updated the FLSA’s overtime regulations, expanding coverage to millions of lower-paid salaried workers in the U.S. On April 23, 2024,…
After filing taxes, many individuals find themselves gripped by anxiety about possible errors or omissions on their returns. Misreported income, inappropriate deductions, or entirely unfiled past returns can trigger fears of impending audits or penalties from the Internal Revenue Service (IRS). Understanding the statute of limitations on tax…
Written by Nick Grgas Audit Director In the complex world of business, fostering a strong relationship between clients and accountants is not just beneficial—it’s essential for success. It’s clear that the most productive accounting relationships are those built on continuous communication and mutual understanding. Unfortunately, many businesses still…
