Shirley Wu, CPA has tons of valuable experience with real estate transactions between an American and a foreign person:
Have you thought about buying American real estate property from a foreign person? Or maybe, you are a foreign person and considering selling U.S. real estate property. If so, it’s important that you know this: the transferee must withhold federal tax of 15% from the amount realized by the transferor. How do you avoid it? Are there any excepti Read More >>
Have you ever wondered about this? Tom Krause, CPA clarifies:
Our Firm’s primary job is to assist our clients in the best way possible. This is why clients rely on us. But, as the saying goes, “You cannot know everything.” This is more appropriate today than even 27 years ago when I started in this profession. In the past, there did not seem to be as many specialists in so many fields. These specialists, or consultants, exist today because of the many complexities in Read More >>
Lisa Satonick, SPHR, SHRM-SCP, explains breaking news regarding The Fair Labor Standards Act:
After months of speculation about the final rule, the Department of Labor announced on Wednesday that the new minimum salary threshold for overtime exemption will be $47,476 as of December 1, 2016.
With the new rule in place, all salaried employees making less than $47,476 must be paid overtime for all hours worked over the 40-hour regular work week limit, regardle Read More >>
Kelly Linden, CPA gives a quick update on the IRS’s erroneous penalties:
The IRS announced that it’s working to resolve an error in which taxpayers that made payroll deposits after April 15th, 2016 but before April 18th, 2016 were issued failure-to-deposit penalties.
Because the deadline for employers to make payroll tax deposits was extended this year due to a legal holiday in the District of Columbia, a glitch caused some taxpayers to be incorrectly issued Read More >>
What is the G400, you may ask? Molly Stinn, CPA has the answers:
I just returned from the 2016 AICPA G400 Conference in Denver, which was an insightful and inspiring meeting of firms like ours. The G400 is a wonderful resource for CK, and I want you to know more about it.
The American Institute of CPAs first recognized Corrigan Krause as a G400 firm in 2015. The AICPA identifies the largest CPA firms in two groups: the Major Firm Group includes the 100 largest firms, wh Read More >>
Al Harsar, CPA has experience with many avenues of fundraising for a non-profit organization, and he’s happy to explain:
Did you ever wonder what it takes for a non-profit entity to get the momentum rolling to fund a capital project?
It starts with the Board’s desire to follow through on a plan, raise funds, and to set out a timeline. The plan is the seed that starts it all. The plan could be for the expansion or renovation of a current piece of property owned Read More >>
Sal Caroniti, CPA knows that emotion can cloud judgement. He advises not to let it get in the way of important business decisions:
Not too long ago, I wrote a post about dealing with stressful situations in managing a business. One of the steps I identified in dealing with stressful situations is to keep emotion out of the decision-making process.
Many business owners are prideful people and understand that because of their accomplishments, leadership, and de Read More >>
