Tax & Accounting Blog

Minimum Wage Changes for 2017

Minimum Wage Changes for 2017

Several states and localities have announced minimum wage changes for 2017. Twenty-five states, plus the District of Columbia, index their minimum wages to rise automatically with the cost of living. Four more states, also including the District of Columbia, will index minimum wage increases annually beginning in future years: Alaska (2017), Washington, D.C. (2017), Minnesota … Read More

State-by-State Reciprocity Agreements

State-by-State Reciprocity Agreements

Let’s talk reciprocals. Reciprocity agreements mean that two states allow its residents to only pay tax on where they live—instead of where they work. For instance, this is particularly important to higher wage earners who live in Pennsylvania and work in New Jersey. Pennsylvania’s top rate is 3.07%, while New Jersey’s top rate is 8.97%. … Read More

Same Day ACH is Almost Here

Same Day ACH is Almost Here

On September 23, 2016, Same Day ACH becomes a reality. Let’s take a few minutes for a refresher. The Electronic Payments Association (NACHA, previously the National Automated Clearing House Association) has adopted a rule to move payments faster by enabling same day processing for ACH payments. Currently, NACHA moves money between financial institutions with … Read More

Minimum Wage Updates—July 2016

Minimum Wage Updates—July 2016

Without much fanfare, several minimum wage changes occurred on July 1, 2016. Minimum wage increases usually take effect on January 1 of each year, but several areas—particularly localities—enacted changes in July due to increased pressure and publicity nationwide around minimum wages. Keep reading for a list of many of these changes and how Thomson Reuters … Read More

4 Types of Questions That Will Make a Splash Cultivating Relationships With Prospects via Email

4 Types of Questions That Will Make a Splash Cultivating Relationships With Prospects via Email

Understanding your clients’ needs is crucial to tailoring your products so they’re getting the most effective solutions but it can be challenging to ask the right questions. Jumping in feet first by asking the right questions can make a big splash. Here are four types of questions to ask when cultivating relationships with prospects. Reflective, … Read More