Mark Your Calendar - Important Dates...
· NJ Sales and Use Tax second quarter - July 20
· Payroll Tax returns for second quarter- July 30
Extended Senior Freeze
NJ Dept of Taxation has extended the filing date for the Property Tax Reimbursement (Senior Freeze) Program to October 17, 2016. Click here for more details.
New DOL Overtime Rules
The Department of Labor (DOL) has implemented new overtime rules that could significantly impact how employers pay their employees.
The new FLSA overtime rules doubles what minimum salaries are for many positions from $455 per week to $913 and OT rates are impacted.
Companies have until December 1, 2016, to make the required changes to employee compensation. Exceptions exist for certain white collar positions and companies with lower income thresholds.
We suggest that you work with your respective payroll company, employment attorney and your CPA to help you comply with the new regulations.
To Buy or Rent a Home? Weighing Which is Better
The question of whether it makes more financial sense to rent or buy a home is not necessarily straightforward, and much depends on an individual's circumstances and the state of the housing market.
We at Rivero CPA can help with that analysis. Click the button below to read the NY Times article on this topic. Read more.