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State CPA Society News and Updates – Oct. 2024

CPA Practice

Since departing the IMA last year, he has worked as a consultant, advising associations and non-profits on developing corporate relationships and creating successful fundraising campaigns. Alex started his career in the for-profit industry, serving in public accounting, consulting, and Fortune 500 companies.

CPA
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Amazon Now Taking Half of Sales Revenue from Merchants, Says Report

CPA Practice

For these small businesses, it’s getting harder and harder to be profitable because they are spending more and more money on Amazon fees,” said Juozas Kaziukenas, Marketplace Pulse’s founder and chief executive officer. Maintaining profits as sales slow presents a major challenge for Amazon’s core online retail business.

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Last Week in Payroll: Summertime Tax Tips

ThomsonReuters

Department of Labor applies a “ primary beneficiary test ” to determine if an intern for a “for-profit” employer is an employee for Fair Labor Standards Act (FLSA) purposes. Under the Act, all non-retail, non-food service, or non-car rental employees must be paid at least $13.50 Prior to that there were six factors.