Menu
HARIK MINASSI COALE
  • About
    • Team
      • Patricia Harik
    • Affiliation
  • Services
    • Accounting Services
    • Financial Planning
    • Business Consulting
    • Tax Strategies
  • Resources
  • Payments
  • News & Updates
  • Contact
  • About
    • Team
      • Patricia Harik
    • Affiliation
  • Services
    • Accounting Services
    • Financial Planning
    • Business Consulting
    • Tax Strategies
  • Resources
  • Payments
  • News & Updates
  • Contact

DOL Revisits Overtime Rule in Proposal

3/27/2019

 
​On March 7, the Department of Labor released a proposed rule that would raise the so-called salary-level threshold for white-collar exemptions to $35,308 per year from $23,660. This means that the vast majority of employees earning under the threshold would need to be paid overtime. About 1 million workers may find themselves affected by this: Companies would have to classify them as nonexempt and pay them overtime — unless they are given raises that put them above the threshold.

Read More

Understanding Revenue Recognition

3/27/2019

 
​Accounting Standards Update No. 2014-09, issued by the Financial Accounting Standards Board (FASB), establishes principles to report useful information to users of financial statements about the nature, timing and uncertainty of revenue from contracts with customers.

Read More

Capital Gains and Losses: How Do They Work?

3/27/2019

 
​A capital gain is a profit made when you as an individual or business sell a capital asset — investments or real estate, for instance — for a higher cost than its purchase price. A capital loss is incurred when there's a decrease in the capital asset value compared with its purchase price. Almost everything you own and use for personal or investment purposes is a capital asset: a home, personal-use items like furnishings, and collectibles.

Read More

​Do You Need Business Interruption Insurance?

3/27/2019

 
You may have passed on interruption insurance because policy costs range from $750 to $10,000 or more, depending on business size. But consider this: Today there are a greater number of earthquakes, storms, floods and heatwaves damaging businesses in major ways. Since 1970, the number of disasters has more than quadrupled worldwide.

Read More

Taking Care of Your Heirs

3/27/2019

 
​Many people find it hard to come to terms with their own mortality, which can make transitioning wealth from one generation to the next very difficult. But putting it off, and worse still, not dealing with it, can be one of the worst mistakes we can make.

Read More

How Can an IC-DISC Help You?

3/27/2019

 
​An Interest-Charge Domestic International Sales Corporation (IC-DISC) can help companies involved in foreign transactions — especially exporting — improve cash flow and reduce U.S. tax liability. An IC-DISC is a federal tax export incentive entity structuring available for U.S. companies that export goods and services to foreign countries.

Read More

Should You Establish Payable-on-Death Accounts?

3/13/2019

 
​Payable-on-death accounts are a type of bank account that, at the owner's death, lets the money remaining to pass directly to the beneficiaries named by the account owner. They offer an easy way to keep money out of probate. What's needed? Just properly notify your bank how you want to leave the money in the account — checking, savings, money market or certificate of deposit account. Even U.S. savings bonds can become a POD account. The bank and the beneficiary you name will do the rest. This bypasses probate.

Read More

How to Handle Student Loans

3/13/2019

 
​First, if you're just considering getting a student loan at the beginning of a college career, what can you learn about student loans to help you offer advice to your kids as they get ready to head to college? Let's take a closer look.

Read More

Know the New Expensing Rules

3/13/2019

 
​Rules regarding expensing and deduction are complex. Managers should keep an eye on the latest rules to make sure their businesses are in compliance and are taking full advantage of the provisions.

Read More

    Newsletter articles are posted every 2 weeks. ​

    If you would like to have our e-newsletter delivered directly to your inbox, please sign up. Your information is confidential; you can unsubscribe at any time. Subscribe.

    Archives

    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017

    Categories

    All
    1099 Form
    2021 Adjustments
    401Ks And IRAs
    529 College Savings Plans
    941 Form
    ACA Affordable Care
    Accounts Receivables
    ADA - Americans With Disabilities Act
    Americans With Disabilities
    Annuities
    Audits
    Back Pay
    Bankruptcy
    Basis
    Benefit Transfers
    Blockchain
    Bonuses
    Box 1
    Budgeting
    Business Deductions
    Business Interruption Insurance
    Business Structure
    Business Tips
    Capital Gains
    CARES Act
    Cash Flow
    Charitable Gifts
    Communication
    Compensation
    Coronavirus
    Coronavirus Relief Package
    Credit Cards
    Credit Score
    Crowdfunding
    Death And Debt
    Debt
    Deductions
    Depreciation
    Disaster Relief Payments
    Disaster Tax Break
    Diversity Training
    Divorce
    D&O Insurance
    Down Payment
    Dress For Success
    Earned Income Tax Credit
    Education Credits
    EIN Employee ID Numbers
    Elder Mediation
    Employee Direct Deposit
    Employee Leave
    Employee Overpayment
    Employee Ownership
    Employees Cross State Lines
    Employment Taxes
    Entertainers
    ESOP
    Estate Planning
    Estate Taxes
    Estimated Taxes
    Executor
    Expenses And Depreciation
    Expensing Rules
    Family Businesses
    Family Leave
    Fiduciary
    Filial (Adult Child) Responsibilities
    Filing Status Options
    Financial
    Financial Advisor
    Financial Planning
    Flood Insurance
    Floods
    Franchise Ownership
    Fraud
    Freelancing
    Furloughs
    Headcount Reporting
    Health Care
    Health Savings Account
    Hiring Compliance
    Hiring Help
    Hiring Tax Credits
    Hoaxes
    Hobby Vs. Business
    Home Equity Loans
    Home Office Deduction
    Homeowners
    HSA
    Hurricanes
    IC-DISC
    Identity Theft
    Income Tax
    Information Return
    Inherited Mortgage
    Insurance
    Investing
    Investors For Your Business
    IRAs
    IRS CP2000
    IRS Disagreements
    IRS Identity Protection PIN
    IRS Rights
    Joint Tenancy
    Key Performance Indicators
    Kiddie Tax
    Layoffs
    Lease Accounting
    Leave
    Life Insurance Trusts
    Loans
    Long Term Care Insurance
    Long-Term Care Insurance
    Managing Employees
    Marriage Penalty
    Maternity And Paternity Leave
    Medicaid Trust
    Medical And Dental Deductions
    Medicare
    Mergers
    Mileage Rates
    Morale
    Mortgages
    Multistate Taxes
    Myers-Briggs Personality Types
    Net Investment Tax
    New
    Newsletters
    New Tax Law
    Noncompete Agreements
    Operating Loss
    Opportunity Zones
    Organize Your Finances
    OSHA
    Outsourced Accounting
    Overtime Exemption
    Padding
    Pandemic Planning
    Papers For Taxes
    Part-time Help Tax Rules
    Passwords
    Payable On Death Accounts
    Paycheck Protection Program
    Payday Changes
    Payday Frequency
    Payroll Cards
    Payroll Scams
    Payroll Taxes
    Pensions
    Personal Finances
    Power Of Attorney
    PPP Loan
    Private Tax Debt Collection
    Property Taxes
    Protecting Wealth
    QSEHRA Benefits
    R & D Tax Credit
    Real Estate 1031 Exchange
    Real Estate Held In IRA
    Real Estate Investment Trusts
    Reciprocal Agreements
    Records
    Remote Employees
    Reporting
    Retirement
    Revenue Recognition
    Reverse Mortgage
    Sales Tax
    SBA Loans
    Schedule C
    Self Employment Taxes
    Severance Pay
    Severence Pay
    Sexual Harassment
    Sharing Economy Tax Implications
    Sick Leave Rules
    Small Business Administration
    Social Media
    Social Security
    Spendthrift Trust
    State And Local Taxes
    Student Loans
    Success
    Succession Plan
    Supplemental Wages
    Tariffs
    Tax Brackets
    Tax Breaks
    Tax Changes
    Tax Debt Collection
    Tax Deductions
    Tax Forms
    Tax-Loss Harvesting
    Taxpayer First Act
    Tax Planning
    Tax Preparation
    Tax Reform
    Tax Refunds
    Tax Scams
    Trump's Tax Law
    Unemployment Tax
    W-2 Form
    W 4 Form
    W-4 Form
    W-4 Requests
    Wage Garnishments
    Wages And Overtime
    Wills And Trusts
    Withholdings

    RSS Feed

Proudly powered by Weebly