Tax & Accounting Blog

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

The 2016 Halfway Point: Reflections & What’s Ahead

The 2016 Halfway Point: Reflections & What’s Ahead

Summer is here, and it’s hard to believe we’re already halfway through 2016—and since it’s a presidential election year, law changes are usually minimal. Let’s take a moment to review what has transpired and been enacted earlier in 2016 and what’s on the horizon for the remainder of 2016. The Affordable Care Act (ACA) became … Read More

Department of Labor Releases New Overtime Wage Thresholds

Department of Labor Releases New Overtime Wage Thresholds

On May 17, 2016, President Obama announced new wage thresholds for nonexempt wage earners to be subject to overtime. The old limits of $23,660 and $100,000 for high earner test have been in place since August of 2004. The new wage thresholds become effective on December 1, 2016. The final regulation should be available on … Read More

Getting Everyone on Board

Getting Everyone on Board

Whether you’re replacing a staff member, bringing on seasonal help or expanding your practice, it’s important to make sure every new employee has all the necessary skills to succeed. Unfortunately, not every firm appreciates the value of a strategic onboarding plan or how critical it is to provide ongoing training to team members. “The vast … Read More

Behind the Scenes: Aligning Every Perspective

Behind the Scenes: Aligning Every Perspective

Meet Andy Smith, product manager of document management and workflow at Thomson Reuters. Andy, a CPA with two master’s degrees, joined the company in 2014 after working in public and corporate accounting at large firms and running his own small firm. Andy is based in our Dexter office. Solutions: As product manager of document management … Read More