All articles by Bailey M. Larsen

Chinese Tariffs – Any Way Around Them?

In today’s global market, virtually all businesses import goods in one form or another, primarily from China. Whether it be the component parts incorporated into final products or the equipment used to create those products, the goods that companies are importing from China are cutting deeper into their pocketbooks at a significantly higher rate under.

Is Your Alimony Deduction at Risk?

Alimony payments – referred to in Wisconsin courts as maintenance payments – have always been a hot-button negotiating point in divorce agreements. The recipient of the payments routinely points out that the classification of payments as alimony is beneficial to the payer, while adding income to the recipient, for tax purposes. The new Tax Cuts.

Supreme Court Turns Overtime Analysis Upside Down

The Fair Labor Standards Act (“FLSA”) generally requires employers to pay overtime compensation – for over 40 hours worked per week – to covered employees. However, the law specifies 30 exceptions where overtime is not required to be paid to employees performing certain types of duties. One exception is for “any salesman, partsman, or mechanic.

How do the New Individual Tax Changes Affect You?

Like him or hate him, President Trump recently passed his first major legislation while in office with the tax reform bill passing through the senate in a 51-48 vote. The Tax Cuts and Jobs Act (“Tax Act”) not only substantially reduced the corporate tax rate, but made significant changes to individual taxes as well. The.

Tax Filing Tips

No one knows the future of the Tax Code. But we all should know that the April 18, 2017 tax filing deadline is rapidly approaching! While tax season may not be your favorite time of year, the following tax filing tips can ease the process and prevent the assessment of tax penalties. File on time. Individual.