Employee Misclassification: The Fine Line between Non-Exempt & Exempt Employees

For as long as the Fair Labor Standards Act (FLSA) has governed the rules of employee classification, the confusion surrounding non-exempt and exempt classifications has continued. Although many people generally view “non-exempts” as non-managers and “exempts” as managers, the truth is that there is a fine line between the two. That line often gets employers into hot water and can … Read More

Making an S Corporation Election as a Married Business Owner

If you’re a married business owner and you want your business to be taxed as an S corporation, there are several things you need to know. The difference between community property and co-ownership of an asset Let’s take the example of owning a car. If you and your spouse are both on the title to a car, you co-own the … Read More

I’m Starting a New Business – Should I Form an LLC or an S Corporation?

Entrepreneurship has been called the new American dream. Hanging a shingle starts with an idea that develops into a business plan, but not without careful financial and legal considerations. Among the decisions that new business owners grapple with is whether to form a limited liability company (LLC) or an S corporation (S corp). There are similarities and differences between LLCs … Read More

Free Trade

Exports of agricultural products are a big part of Idaho’s economy. In the most recent marketing year Idaho exports of potatoes and potato products totaled 1.4 billion dollars. Other exports include things like dairy products, vegetables, and fruits. Idaho also exports a significant amount of alfalfa hay. Agricultural exports are also important nationally. Last year the United States exported $140 … Read More

Working Together to Provide for Children with Special Needs

Theodor Geisel, best known by his pen name Dr. Seuss, is famous for his inspiring and humorous verses, including these lines from The Lorax: “Unless someone like you cares a whole awful lot, nothing is going to get better. It’s not.” Though these words came as an admonishment from Dr. Seuss’s Lorax to the Once-ler intent on demolishing all of … Read More

How Can You Plan for Dementia?

A recent report from the Alzheimer’s Association states that one in nine Americans age 65 or older currently have Alzheimer’s, and 1 in 3 seniors dies with Alzheimer’s or other dementia. Since 2000, deaths from Alzheimer’s disease have increased by 89%. When planning your retirement and estate, it is essential to plan for your incapacity. Estate Planning Consequences A person … Read More