GJR Consulting

What about your spouse? Well you better do the math before your spouse causes you more .

To gift or not to gift? It depends..

What about your spouse? Well you better do the math before your spouse causes you more .

Shareholders of these types of entities are being hammered for running their business like a .

Did you know that under California labor laws, there are two different types of employees: exempt and non-exempt. Exempt: employees are exempt from California’s wage & hour laws, i.e. overtime, double-time Non-exempt: employees are required to be paid the minimum wage, overtime, double-time (when applicable) ... However, there are requirements to be considered an exempt employee: 1. The employee must be paid a salary of no less than twice the California minimum wage based on a 40-hour workweek 2. Primarily have executive, administrative or professional duties (white collar workers) 3. Regularly and customarily exercise discretion and independent judgment on the job Employees can be on salary, but still be considered non-exempt. A salaried employee should be paid no less than a 40-hour work week at the California minimum wage. Non-exempt employees who work over the maximum number of hours should be paid overtime even when receiving salary. Any employee that does not fulfill all three requirements to be considered exempt is a non-exempt employee and therefore all California minimum wage laws apply. It’s important to understand that the title of an employee does not automatically qualify them as an exempt employee. Rather, it is their specific tasks and duties of their role that justifies if they are an exempt employee or not. Below is a table that details the tasks/duties of the following exempt positions according to the Fair Labor Standards Act. THINK ABOUT YOUR BUSINESS... You could consider when to make an employee exempt when looking at your business. Would it be beneficial to make an employee a supervisor with a little more power and avoid paying overtime on top of his/her hourly rate (assuming the rate is twice the minimum)? Should you increase an employee who you pay hourly to salary that already holds professional qualifications? How can you adjust an employee’s role to help your business and your business costs?

To gift or not to gift? It depends..

When you borrow a pen from your client and you get this....

We wish you a safe & happy holiday!

Love my relationships with my clients. Representing GJR Consulting at Floyd Mayweather’s house.

Explosive industry at the infancy stage.

-GJR Consulting's April Newsletter- Click the Link Below to access our April Newsletter. This month’s issue contains info on Refundable vs. Non-Refundable Tax Credits http://www.gjrconsultinginc.com/newsletter.php

-GJR Consulting's March Newsletter- Click the Link Below to access our March Newsletter. This month’s issue contains info on Four Tax Deductions that Disappeared in 2018 http://www.gjrconsultinginc.com/newsletter.php

-GJR Consulting's February Newsletter- Click the Link Below to access our February Newsletter. This month’s issue contains info on Seven Common Small Business Tax Myths http://www.gjrconsultinginc.com/newsletter.php

It’s not too late to put some away and save some tax dollars. Look into setting up or contributing to A SEP IRA.

-GJR Consulting's January Newsletter- Click the Link Below to access our January Newsletter. This month’s issue contains info on Important Tax Changes for Individuals and Businesses http://www.gjrconsultinginc.com/newsletter.php