Operating in one physical location is no longer ideal for businesses who want to remain profitable in the ever-changing landscape. To adapt, many businesses are straying away from traditional business models where they would typically operate in physical locations and moving towards virtual business models. As businesses expand their operations across states lines, it becomes …
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Equifax, one of the United States’ three major consumer credit reporting agencies, recently reported a breach that compromised the personal information of approximately 143 million Americans. The nature of this breach is particularly alarming because many consumers may not even know they are customers of the company. Equifax receives information from multiple sources including banks, …
Read More...The annual true-up process is now underway for Ohio private employers. Payroll true-up is an important step necessary for BWC to calculate your workers’ compensation premiums and for you to maintain your policy and participation in rating and discount programs. True-up means you report your actual payroll for the prior policy year that ended June …
Read More...BWC is preparing to distribute over $1 billion in rebates to more than 200,000 private and public employers. The rebates were approved by the BWC board on April 28. This is the third round of BWC paybacks due, in part, to higher than expected investment returns. Eligible employers will begin receiving checks in July totaling …
Read More...It’s that time of the year again when Intuit discontinues an older version of QuickBooks. Effective May 31st for QuickBooks 2014 users, you won’t be able to use certain features. While your basic program will still work, you will not be able to use any add-on services such as online banking and payroll preparation unless …
Read More...The Internal Revenue Service recently issued the 2017 optional standard mileage rates to be used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. As of January 1, 2017, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) are: 53.5 cents …
Read More...In July of 2015, Congress passed and President Obama signed a Highway Funding Bill that extended financing for transportation infrastructure. Section 2006 of that bill modifies the tax filing due dates for tax years beginning after December 31, 2015. The filing deadlines for a variety of entities, including partnerships and C corporations, will change. The …
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The influence technology has on businesses today is undeniable. Business professionals can leverage technology to reach, or even succeed, company objectives. To better position themselves for success in the digital marketplace, firm leaders should consider the following tips when building their digital identity. 1. Create a game plan It is important to show employees the …
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Payne, Nickles & Company is proud to announce the scholarship winners for the 2016-2017 academic years! The annual scholarships are funded through an account established by Payne, Nickles & Company within The Fund for Huron County, and are available to any fourth or fifth year accounting major in Erie, Huron or the contiguous counties. We …
Read More...On May 18, 2016, the Department of Labor (DOL) announced a final rule for overtime. This rule increases the salary threshold for white-collar workers to remain exempt from overtime pay to $913 per week or $47,476 annually. This new regulation goes into effect December 1, 2016. If an employee’s salary falls below the newly established …
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