DOL Rule May Require Retroactive Overtime Pay
Earlier this year, the Department of Labor (DOL) announced that, effective December 1, 2016, overtime pay would apply to full-time workers earning up to $47,476 per year, up from the current salary of $23,660. The rule was delayed upon the granting of a preliminary injunction in federal court on November
Election Time Reminder: What Exempt Organizations Can and Can’t Do
With Election Day getting closer, the campaigns for political candidates are in full swing. Exempt organizations must tread carefully, though, because IRC §501(c)(3) states that exempt organizations may “not participate in, or intervene in (including the publishing or distributing of statements), any political campaign on behalf of (or in opposition
Recent Tax Case on Non-Cash Contributions – Do Your Records Hold Up?
On June 23, 2016, a U.S. Tax Court Summary Opinion concerning non-cash contributions resulted in the disallowance of deductions and penalties for the petitioners. The case, Perry W. Payne v. Commissioner, focused on the need for more thorough record-keeping when reporting non-cash contributions. Specifically, it held that single non-cash
Amazon Begins Collecting Sales Tax in Ohio
After announcing that it will be building three datacenters in Ohio, online retail giant Amazon began collecting sales tax on online orders placed from Ohio after June 1, 2015. This is a result of the JobsOhio deal between Amazon and the state of Ohio, and is expected to generate between
Amazon and the State Sales Tax Debate
On December 2, the U.S. Supreme Court declined to hear an appeal by Amazon.com, Inc. and Overstock.com, Inc. on whether the State of New York may constitutionally impose sales tax on online sales made to New York residents. The Supreme Court’s refusal to hear Amazon’s argument is significant because the
Benefit Offerings at Local Distribution Companies
The graphs here examine benefit offerings to employees at Cincinnati wholesale/distribution companies by study participant companies, broken down into companies with more than 50 employees and less than 50 employees: This survey was published by Barnes Dennig and USI Insurance. Click here to request a copy of the report