Collecting Sales Tax in the Wake of Wayfair: What You Need to Know
For years, if your company sold products online, a state could only require you to collect state sales tax if you had a physical nexus (offices, distribution centers, payroll, etc.) in that buyer’s state. The Supreme Court ruled in 1967 and again in 1992 that this physical presence test would apply. For example, if a […]
If You Handle Payment Cardholder Data, PCI Compliance Is a Requirement, Not an Option
You’ve probably read news stories about data breaches involving major brands and the exposure of credit cardholder data. Just this year, Sears, Macy’s, Panera Bread and Under Armour reported hacks that compromised customer data. However, most data breaches don’t make headlines because they involve much smaller businesses. In fact, according to the Verizon Data Breach […]
Have Foreign Bank Accounts? Know the Rules and Tax Implications or Else
It’s common, and perfectly legal, for Americans to have bank accounts in foreign countries. Many Americans are or were citizens of foreign countries and visit those countries often, while others live abroad full-time. They might have a family, own property and pay bills in another country. Some people just travel frequently to certain destinations and […]
When Was the Last Time You Reviewed Your Employee Handbook?
When we meet with clients, it’s not uncommon for the client to mention a dispute with an employee about overtime, disability, health benefits and other issues. The first question we always ask is, “Is it covered in your employee handbook?” Unfortunately, many companies don’t realize that the employee handbook should be a priority until after […]
What You Need to Know About Proposed Overtime Rule Changes
New rules governing overtime pay were set to go into effect on December 1, 2016, until an injunction put the changes on hold. That injunction is being appealed by the Department of Justice on behalf of the Department of Labor. At this point, nobody knows for sure if or when the new rules will be […]
Are Changes to Obamacare – and Compliance – on the Horizon?
Like it or not, the Affordable Care Act of 2010, commonly referred to as Obamacare, is the law of the land. However, its future is very much in doubt. Opponents of Obamacare have been trying to repeal the law since the day it was passed. President-elect Trump and the Republican-led Senate and House of Representatives […]