Megan Durst, CPA/ABV, CVA on LinkedIn: Stretching my comfort level on videos 🙃 to share some info on an upcoming… | 12 comments (2024)

Teenagers home over summer break always provides interesting new ideas….today we have candy salad. Surprisingly tasty…I’m just concerned how much the dollar store trip cost to make it 😒

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🚨 Important Update for Employers 🚨The US Department of Labor (DOL) has announced new overtime rules that will impact how companies compensate their employees. Set to take effect on July 1, 2024, these changes could significantly affect your payroll practices.🔑 Key Changes:Starting July 1, 2024: Salaried workers earning less than $844/week will be eligible for overtime.Starting January 1, 2025: This threshold will rise to $1,128/week.Job duties will continue to determine overtime exemption status.📋 Criteria for Overtime Exemption:Salary Basis Test: Predetermined and fixed salary.Salary Level Test: Must meet the specified weekly salary level.Duties Test: Must perform executive, administrative, or professional duties.💡 Practical Suggestions:Monitor DOL updates: Wait for potential changes before making adjustments.Communicate with employees: Ensure clarity about salary adjustments and the intent behind them.Use tools and tracking: Implement timesheets or Excel for tracking hours.Monitor and adjust: Make necessary adjustments to ensure fairness.By proactively planning and communicating, you can ensure a smooth transition while maintaining trust and satisfaction among your employees.🔗 Read the full article for detailed insights and practical advice at https://lnkd.in/gHnJFkQ4

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🌟 Attention Ohio Taxpayers & Education Supporters! 🌟Great news for those looking to make a positive impact while also benefiting from a tax advantage! Ohio has introduced the Scholarship Donation Credit, a fantastic opportunity for taxpayers to support educational institutions and receive a credit in return.📅 Deadline Alert: You have until April 15, 2024, to make your contribution for the 2023 tax year. Don't miss this chance!💰 Tax Credit Details: You can receive a credit of up to $1,500 on your Ohio tax return for donations made to eligible scholarship granting organizations. This is a dollar-for-dollar credit, not just a deduction, meaning it reduces your Ohio tax bill directly by the amount you donate, up to the $1,500 limit.🏫 Support Local Education: If you're interested in supporting local education, such as a parochial school in your community, consider making your donation through Emmaus Road Scholarship Organization (https://lnkd.in/gsD9yXem). This platform allows you to direct your gift to a specific school, ensuring your contribution makes a difference right in your backyard.For more information about the Ohio Scholarship Donation Credit and how you can participate, please visit https://lnkd.in/gfcZ6aTz.This is an excellent way to support educational initiatives and reduce your tax liability simultaneously. Let's take advantage of this opportunity to give back to our communities and support the education of our youth. 📚💡Remember, your donation not only supports a worthy cause but also provides you with a tax benefit. Act now to make your contribution count for the 2023 tax year!

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Some ask how life has changed since joining Dark Horse….well here’s how - when your daughter finds “must see” concert tickets….then you go without guilt! Loving the life and memories we’re making!

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Megan’s unite! She’s absolutely right this new legislation if passed will affect the 2023 filing season….will it affect you?

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Merry Christmas!🎄 Having #sectalabs give me some holiday pictures has been fun!https://lnkd.in/gqdxJfyx

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The IRS has recently increased the penalty for underpayment of estimated taxes to 8%, a notable rise from the 3% rate just two years ago. It's crucial to stay vigilant in managing your tax payments throughout the year to avoid this steep penalty. Regularly review your tax obligations and consider consulting with a tax attorney for expert advice, especially if you face any complexities. Staying informed and proactive in your tax planning and compliance can save you from unnecessary financial burdens.https://lnkd.in/gRc4bbXs#TaxUpdate #IRSPenalty #EstimatedTaxes #SelfEmployment #StrategicTaxPlanning #IRSInterestRate #TaxCompliance #ProfessionalAdvice

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