Launch Strategies to Handle the New Overtime Rules

New federal rules that took effect January 1 are expected to expand the pool of overtime-eligible employees by more than 1 million. With no exceptions for nonprofits, some are looking for ways to avoid overtime liability. Particularly eager are organizations with tight budgets that didn’t anticipate such costs. Here are some strategies to cut overtime […]

The New COVID-19 Law Provides Businesses with More Relief

On March 27, President Trump signed into law another coronavirus (COVID-19) law, which provides extensive relief for businesses and employers. Here are some of the tax-related provisions in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). Employee retention credit The new law provides a refundable payroll tax credit for 50% of wages paid […]

COVID-19 Update

At Wheeler Wolfenden & Dwares CPAs, the health and safety of our clients, staff, and business partners is always a top priority. We are closely following the COVID-19 outbreak as Delaware has confirmed its first case and the number of reported cases in our direct and surrounding areas, as well as globally, is on the […]

Welcome Vincent Drake and Tiffany Stubbs

Wheeler Wolfenden and Dwares, CPAs is pleased to welcome Vincent Drake to its audit and tax practices as a staff accountant. Drake earned a Bachelor of Science in Accounting from Bloomsburg University of Pennsylvania. Prior to joining WW&D, Drake worked as a payroll auditor in the public sector in Chadds Ford, PA. Tiffany Stubbs has […]

New Law Helps Businesses Make Their Employees’ Retirement Secure

A significant law was recently passed that adds tax breaks and makes changes to employer-provided retirement plans. If your small business has a current plan for employees or if you’re thinking about adding one, you should familiarize yourself with the new rules. The Setting Every Community Up for Retirement Enhancement Act (SECURE Act) was signed […]

Wilmington Country Club is Hiring a Controller/Financial Manager

Organization:  The Wilmington Country Club is located in Wilmington, Delaware.  It was established in 1901 and currently has approximately 2,300 individual members.  The Wilmington Country Club is member-owned, and is operated solely for the benefit of its members.  The Club offers a complete array of athletic, social and family activities for its membership to enjoy. […]

New overtime rules could inflate payroll expenses

A proposed rule, issued by the U.S. Department of Labor (DOL), would update the overtime exemptions for so-called white-collar workers under the Fair Labor Standards Act. If finalized, the new rule could lead to higher compensation and payroll tax expenses for employers, including nonprofits. What are the current rules? Under the existing regulations, an employer […]

How to become an employer of choice

Spring means a weather warmup and more projects underway. It can also be a time of desperation, when contractors need to hire new employees before the busy season takes hold. With the construction industry continuing to face a nationwide shortage of skilled labor, it’s critical to look for any edge you can find to distinguish […]

Employee retention: Keep them if you’ve got them

In April, the U.S. unemployment rate fell to 3.9%, its lowest point since December 2000. That’s great for the economy — but not so great for organizations struggling to remain fully staffed. Unfortunately, many nonprofits are in this position. They can’t afford to pay employees as much as their for-profit counterparts and, thus, have a […]