The CBD Blog

Find peer advice, partner insights, and industry updates – all here in the CBD blog, ‘At The Helm’! With contributions from our entire team, we blog about the things that interest you.

Supreme Court Spotlights Employee Status: Exempt or Not?

Knowing whether to classify employees as exempt or nonexempt is crucial to running a business. It’s a problem that has long plagued employers. A recent U.S. Supreme Court ruling may have made it easier for employers to have confidence that they’re properly classifying workers as exempt or nonexempt but as always, the devil is in the details.

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Know the Rules Before Checking Employee Medical Records

Health-related scenarios often include those in which employees request legally sanctioned time off. Federal laws, such as the Family Medical Leave Act, spell out what employers can and can’t do to validate these leave requests. It can be a minefield and it’s easy to cross a murky line, however, and land in court. This article provides some guidance on avoiding that outcome.

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Should Your Business Be a C Corporation or a Pass-Through Entity?

Choosing a business structure isn’t a cut-and-dried issue. What’s right depends on various factors, including whether you expect your venture to 1) be profitable, 2) distribute or retain income, 3) acquire assets that are likely to appreciate, and 4) pay shareholder-employee salaries. The new deduction for qualified business income also factors into your decision. Here are key issues that may affect entity choice.

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New Study Reveals Costs, Means and Ways to Stop Fraud

How much money does your business or not-for-profit organization lose to fraud each year? The median fraud loss fell from $150,000 to $130,000 over the last two years, according to the 2018 Report to the Nations on Occupational Fraud and Abuse. But that’s still more than many small organizations can afford to lose. Here’s how you can use this study’s findings to help safeguard against thieves.

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Self-Audit Program May Help Employers Correct Wage Errors

When paying employees, has your company inadvertently violated the Fair Labor Standards Act? Are you certain you know which of your employees are exempt from overtime pay? Even with the best of intentions, mistakes happen. To help employers answer these questions, the Department of Labor is providing a way for them to come clean and avoid penalties. Here’s the deal.

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FAQs about Deducting Interest on Home Loans under the New Tax Law

Are you confused about the new tax law provisions that relate to itemized deductions for qualified residence interest? Most taxpayers with mortgages that existed on or before December 15, 2018, will be grandfathered in under the old rules. But new limits may apply to home loans taken out after the cutoff date. Here’s what you should know to avoid surprises when filing your federal tax return next year.

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