Brady Ware News

Keeping Employees COVID-19 Free

Keep Employees COVID-19 Free: An Employer’s Guide From OSHA Naturally you care about the health and safety of your employees, and don’t need a federal agency to tell you that you should be concerned. Still, it’s helpful to know what the overall position of the Occupational Health and Safety Administration‘s (OSHA) is on COVID-19. In…

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Last-Minute Strategies for Businesses that Deferred Filing Tax Returns

Last-Minute Strategies for Businesses that Deferred Filing Tax Returns During the COVID-19 crisis, some key tax deadlines were postponed until July 15, 2020. If your business and/or personal federal income tax return is still awaiting completion, you may have significant retroactive tax-planning flexibility. The same holds true for individuals who own interests in pass-through business…

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Net Operating Loss Revisions in an Uncertain Environment

The Impact of Net Operating Loss Revisions in an Uncertain Environment By Matthew J. Steinberg, CPA 2020…we are a third of the way through the year, but if you ask most people it feels like it has been a year and some already. The year 2020 will be remembered to most as the year coronavirus,…

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Retirement Plan Loan Defaults Causes Taxable Distributions

Defaulting on Retirement Plan Loans Causes Taxable Distributions Want to borrow money from your retirement plan? Not so fast. Retirement plan loans can be a viable way to get money in a crunch, but you need to follow the rules about repaying them. If you don’t, it could lead to unfavorable tax consequences, as two…

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Consider Another Way to Calculate Overtime Pay

Consider Another Way to Calculate Overtime Pay After decades in limbo, regulations that clarify certain overtime pay practices have been released by the U.S. Department of Labor (DOL). The newly finalized rules explain how to calculate overtime pay for nonexempt salaried employees using the “fluctuating workweek” (FWW) method. Use of this method to calculate overtime…

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