While the $7.25 federal minimum wage has been in place since 2009, most states and many municipalities and counties have upped their minimums since then. Of those, 25 have scheduled increases in 2021—most of which take effect on January 1. Meanwhile, longstanding efforts in Congress to raise the federal minimum, thus far unsuccessful, are expected… Continue reading

How can an employer keep its workforce safe from COVID-19 exposure on the job, while still following medical privacy rules? The Equal Employment Opportunity Commission (EEOC) may be able to help, as it reviews how COVID-19 workplace issues intersect with recommendations from the Centers for Disease Control (CDC) and with various laws. The relevant laws include… Continue reading

The FBI has warned of a staggering increase in ransomware attacks against businesses since the start of the COVID-19 pandemic. Here’s what business owners and managers should know about these attacks to help prevent them—and manage an attack if preventive measures fall short. Three Types of Ransomware Here’s an overview of three basic types of… Continue reading

Adam R. Timblin, CPA joins our team as a Senior Manager. He will provide assurance and advisory services to our clients and play a key role in expanding the service we offer to small businesses. He comes to SSB with 12 years of experience in public accounting and 2 years’ experience serving as the CFO for… Continue reading

‘Tis almost the season for charitable giving. Besides helping a worthy cause, your donations may qualify for a festive write-off on your 2020 tax return if you qualify. Here are five ways to boost your deduction for charitable contributions if you itemize. Bunch Contributions Under the Tax Cuts and Jobs Act (TCJA), for 2018 through 2025,… Continue reading

For years, businesses and individuals have had to worry about so-called “phishing” scams sent via email or text. These cyberattacks are designed to hook unsuspecting victims into revealing sensitive information. Now there’s a new twist aimed largely at small businesses: Voice phishing scams (also known as “vishing” using social engineering). A recent alert from the Cybersecurity… Continue reading

Samuel D. Fries, CPA, CFP has been promoted to the position of Senior Manager. Sam is a member of SSB’s tax team and, as a Certified Financial Planner (CFP), he heads up our investment advisory service, SSB Managed Wealth, LLC. In addition to assisting SSB clients with their financial planning, Sam’s concentration is in the… Continue reading