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12/3/2021

Certified QuickBooks Pro Advisor * Pensacola Top QB Accounting Firm

12/1/2021

December 01st, 2021

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McVay Business Services is currently open for a few new QuickBooks Accounting Clients. Don't have a QuickBooks Online Subscription. Call Mike today about year-end specials were all monthly service comes with a fully paid QuickBooks subscription. 850-725-5696 * Mike@MikeMcVay.com
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11/27/2021

4 - Ways to withdraw cash from your Corporation - S-Corp Tips & Tricks

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Mike McVay, Accountant
850-725-5696
​Mike@MikeMcVay.com

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Owners of closely held corporations often want or need to withdraw cash from the business. The simplest way, of course, is to distribute the money as a dividend. However, a dividend distribution isn’t tax-efficient because it’s taxable to the owner to the extent of the corporation’s earnings and profits. It also isn’t deductible by the corporation. Here are four alternative strategies to consider:

1. Capital repayments. To the extent that you’ve capitalized the corporation with debt, including amounts that you’ve advanced to the business, the corporation can repay the debt without the repayment being treated as a dividend. Additionally, interest paid on the debt can be deducted by the corporation.
This assumes that the debt has been properly documented with terms that characterize debt and that the corporation doesn’t have an excessively high debt-to-equity ratio. If there isn’t proper documentation or the debt-to-equity ratio is too high, the “debt” repayment may be taxed as a dividend. If you make future cash contributions to the corporation, consider structuring them as debt to facilitate later withdrawals on a tax-advantaged basis.
2. Compensation. Reasonable compensation that you, or family members, receive for services rendered to the corporation is deductible by the business. However, it’s also taxable to the recipient(s). This same rule applies to any compensation (in the form of rent) that you receive from the corporation for the use of property.
In both cases, the compensation amount must be reasonable in terms of the services rendered or the value of the property provided. If it’s considered excessive, the excess will be a nondeductible corporate distribution (and taxable to the recipient as a dividend).
3. Property sales. You can withdraw cash from the corporation by selling property to it. However, certain sales should be avoided. For example, you shouldn’t sell property to a more than 50%-owned corporation at a loss, since the loss will be disallowed. And you shouldn’t sell depreciable property to a more than 50%-owned corporation at a gain, since the gain will be treated as ordinary income, rather than capital gain.
A sale should be on terms that are comparable to those in which an unrelated third party would purchase the property. You may need to obtain an independent appraisal to establish the property’s value.
4. Loans. You can withdraw cash tax-free from the corporation by borrowing money from it. However, to prevent having the loan characterized as a corporate distribution, it should be properly documented in a loan agreement or note. It should also be made on terms that are comparable to those in which an unrelated third party would lend money to you, including a provision for interest (at least equal to the applicable federal rate) and principal. Also, consider what the corporation’s receipt of interest income will mean.
These are just a few ideas. If you’re interested in discussing these or other possible ways to withdraw cash from a closely held corporation, contact us. We can help you identify the optimal approach at the lowest tax cost

The S corporation is a tax status that you can elect for your limited liability company (LLC) OR corporation.
A limited liability company (LLC) is a type of business entity. An LLC can choose to be taxed as an S corporation under Subchapter S of the IRS Internal Revenue Code.
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Mike McVay, S-Corp Tax Expert
850-725-5696
Mike@MikeMcVay.com

11/1/2021

How Much Do I Need to Reinvest With a 1031?

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When you begin hunting down replacement properties for your 45 day list, it is important to keep in mind how much you need to reinvest while carrying out a tax deferred exchange. The IRS has a two-part requirement laid out for reinvestment with a 1031. The first one is that in order to defer all taxes you must purchase at least as much as your “net sale”, the contract price minus closing costs or the total left before any mortgage is paid off. The second one is that you must use all the “net proceeds” in your next purchase. This means that if there was a mortgage, subtract the mortgage that was paid off and the difference is your net proceed.
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If you choose to take cash out or purchase less than what you sold, the unused proceeds will become taxable to the IRS. The proceeds that were reinvested in your exchange will remain sheltered from capital gains tax. You have an immense amount of freedom when it comes to allocation of your proceeds. Just because you sold a single-family home, doesn’t mean that you need to reinvest in another single-family home. A 1031 is also not necessarily a one to one process, it is the valuations that are the key. If you want to sell a single property and reinvest in multiple properties, you have the power to do so. Just remember that if you wish to defer all capital gains tax you will need to make sure that your reinvestment uses all of your proceeds.

11/1/2021

You may have to repay some of the advance child tax credit next year. Here’s what to know......

The advance payments of the enhanced child tax credit are set to start next month, but a big question on many parents’ minds is whether they will end up owing on their taxes next year if they immediately spend the money. 
For some parents, the answer is probably yes, they will end up owing money next tax season. Others will likely be fine. But all eligible parents should review their finances before spending the payments, financial experts say. 
“This is not like the stimulus checks,” said Nate Nieri, a California-based certified financial planner and founder of Modern Money Management. If you get overpaid in child tax credits or your financial situation changes this year so that you have a higher tax bill on your 2021 taxes, the IRS may demand you repay the credit come tax time.
“This is very important for planning and can easily become a trap for parents,” he said.
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​How the new child tax credit payments are different

​The child tax credit payments, which were set up and expanded under the American Rescue Plan passed earlier this year, amount to $3,000 annually per child ages 6 to 17 and $3,600 annually for children under 6. 

Eligible families will receive half of their credit in the form of monthly payments of up to $250 per school-age child and up to $300 per child under 6 from July through December 2021. The other half will be paid out when they file their 2021 taxes. The credit is income-based and starts to phase out for individuals earning more than $75,000 a year or $150,000 for those married filing jointly.

It’s important to understand that with these payments, the IRS is essentially prepaying a tax credit that you usually receive when you file your taxes, said Ben Wacek, a Minnesota-based CFP and founder of Guide Financial Planning. “If you don’t usually receive a refund, then the advance payments could actually cause you to owe more when you file your 2021 taxes,” he said.  For a 10-year-old child, the credit was worth $2,000 in 2020, which lowered a family’s tax bill by that amount when they filed their return, Wacek explained. In 2021, the credit will be $3,000 for the same child, but half of it will be paid out in advance.  When that same family files their taxes next spring, there will only be $1,500 left of the child tax credit to lower their tax bill. Everything else being equal, they will owe $500 more in 2021 than they did in 2020, Wacek explained. “For this reason, if you usually owe when you file your taxes or cut it close, you might want to consider opting out of the advance payments or setting a portion of them aside to cover your tax bill in April,” he said. Who may need to be careful before spending There are many families who could be affected by this. If you switched to a higher-paying job, for instance, or your spouse went back to work after being unemployed for most or all of 2020, you could be in a higher tax bracket next year, which could change your tax math, said Matthew Saneholtz, a Florida-based CFP with Tobias Financial Advisors.

Also, if you sold property for a gain and therefore earned more income in 2021, you could possibly have to pay the credit back when you file your 2021 tax return because you owe more taxes than the credit is worth, Saneholtz said. If you fall into those categories or you can afford not to use the credit payments immediately, you may want to opt out, via an IRS portal that will be available soon, or at the very least, save half of each payment until you file your 2021 return. “I know [this is] not a fun answer, but nobody wants to be surprised by owing taxes,” Saneholtz said. Divorced parents should also be cautious, said Lili Vasileff, a Connecticut-based CFP and divorce expert with Wealth Protection Management. “This year marks a unique year for calculating child support and alimony because of the cash flow and tax credits available to [the] custodial parent,” she said.  It’s likely that the IRS will begin sending the advance payments to the parent who claims the child on their tax return in 2020, because the agency typically defaults to using the most up-to-date information on file.  “That can potentially raise issues for children who are moving between parents or households and share custody situations,” Elaine Maag, a research associate in the Urban-Brookings Tax Policy Center, previously told CNBC Make It. That’s especially true for parents who alternate years to claim the child tax credit, since one parent would be essentially getting the credit two years in a row.  There is a safe harbor for individuals making less than $40,000, or $60,000 for couples filing jointly. If you make less than this and receive an overpayment of the child tax credit this year, you will not need to repay the amount.  Of course, the safe harbor doesn’t apply to everyone. An upper-income family with divorced parents, which is where splitting tax years is a more common arrangement, is less likely to be protected if they make a mistake. What steps to consider taking To avoid running into issues, start by taking a look at your 2020 tax return to see where your finances stand. You can also consider talking to a financial professional about your situation ahead of the first IRS payment on July 15. The IRS is also set to release online portals in the coming weeks, including one that will help families determine whether they qualify for the payments.  One of the portals will allow eligible parents to opt out of the advance payment program. Doing this will ensure that eligible families will receive the entire child tax credit next year upon completing their taxes.  This week, the IRS rolled out the non-filer sign-up tool for those who didn’t file taxes in 2019 or 2020 and who didn’t previously register with the IRS for the pandemic stimulus payments. The tool allows parents and guardians to easily provide the IRS with information on themselves, their qualifying children or dependents and their bank to receive the payments.

10/3/2021

Factsheet: Talking with my clients about QuickBooks Desktop product subscription changes and QuickBooks Online Price Increases

At times, QuickBooks® policy and product changes can be challenging to communicate to your clients, especially when clients are looking to you to explain the changes and why they are happening.

As a result, we developed this factsheet to help you discuss the QuickBooks Desktop 2022 product and price changes with your clients. We also understand the important role you play in recommending our products to your clients. Therefore, our goal with this factsheet is to help you communicate that these QuickBooks changes are a result of a business decision made by Intuit® and not by you.

1. Set up the situation
QuickBooks provides you with advance notice of upcoming product changes so you can be in-the-know before your clients. In this instance, we are informing you of our QuickBooks desktop product updates around Sept 28, 2021, and small businesses can expect to be notified of changes on Oct. 12, 2021.

As a principle, we do not communicate pricing and discount information with your firm-billed clients, understanding that accounting professionals have different practices for billing clients for their software.
We encourage you to use this time between the Sept. 28 and Oct. 12 desktop announcements to advise your clients of the upcoming move to subscription, especially those who are currently on QuickBooks Desktop 2019 versions, which will become unsupported in May 2022.

2. Lead with facts
Be prepared to share and explain what is changing. Here’s a summary of the changes we announced on Sept. 8, 2021. We are:
  • Transitioning to a subscription model for our Desktop lineup with the 2022 release.
  • Introducing the new QuickBooks Desktop Mac Plus subscription.
3. When possible, have a conversation
If you have the opportunity, it’s always better to have a conversation with your clients about product and pricing changes rather than sending an email. You can always follow up with an email later, if so desired. If your client base is too large to make personal calls, call your major clients first, then send emails to smaller clients. Include a confirmation receipt notification with your emails to verify customers received and opened your email. A best practice is to also end your email with an opportunity for a client to call you directly if they have questions.

4. Tell them what they stand to gain
There is a reason why price and product changes happen. Arm yourself with the value the new QuickBooks Desktop 2022 product brings to each and every client. The following points are examples that we encourage you to leverage and use:
Subscription products give customers access to the latest version, with the most up-to-date features, security patches, and support for third-party operating system changes.
  • Up to 38% faster, with more reliable QuickBooks computing power (64-bit).
  • Unlimited customer support and data recovery at no additional charge (a $299.99 annual value).
  • Premium time saving and money management features.
  • Increased productivity with the QuickBooks Desktop mobile app.

Please note that clients on older 32-bit computers will not be able to use the 2022 version, which requires a 64-bit compatible Windows operating system. For information on how to check for compatibility for your Plus and Enterprise customers, click here.

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We love QuickBooks, however it looks like every two to three years there are major price increases. It also appears that Intuit is going to monthly subscription fees with all their products. 

Receive a FULL version of QuickBooks Online with any business monthly service at McVay Business Services. Never pay QuickBooks Subscription Fees again! 

McVay's monthly full service accounts retain master admin on their data file and always retains 100% control and ownership of their business accounting data. 

Mike McVay, Accountant in Pensacola, FL is offering a complementary business consultation and business process review until 12/31/2021. Call today to book your appointment. 

Mike@MikeMcVay.com * 850-725-5696

9/29/2021

McVay Launches New Payroll Service Website

Just Launched
Pensacola Payroll & HR Benefit Administrators

New Payroll Division, Same great service & price
https://www.pensacolapayrollservices.com/​
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8/16/2021

Top Rated * Local Customer Service - Full Service Small Business Payroll

  1. 5 Star Customer Service Reviews
  2. Full Service Payroll and HR Management 
  3. Local Customer Service 
  4. Pay as you Go Workers Comp - No Big Deposits
  5. Optional: Employee Benefits 
  6. Optional: 401-K No Penalty Guarantee

No Penalty Guarantee
850-725-5696
Mike@MikeMcVay.com

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4/1/2021

Payroll Processing Cost are Rising * NOT at McVay Business Services

Payroll processing cost are increasing across the country. McVay has payroll processing cost that are top quality, great customer service and most important, is not increasing prices. 

Business or S-Corp owner full service payroll to allow the S-Corp tax benefits to be realized for only $100.00 per month. 

Workers comp - Pay as you go available. 

S-Corp tax and payroll expert.
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Mike McVay, Tax Accountant * 850-725-5696 * Mike@MikeMcVay.com
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3/18/2021

C - Corp and Some Sole-Prop LLC Taxes Going up in 2022 - Is your entity filing properly?

C-Corp and some LLC will be paying much higher taxes in 2022. S-Corp may be the fix you need. Mike McVay, S-Corporation Tax Accountant can save you up to 16% on your overall taxes if you follow some rules and file for your sub chapter S designation in 2021. 

McVay is known as an S-Corporation expert that has been saving his clients money for years. This designation is completely legal and encouraged by the IRS. Call Mike McVay today to see if you qualify for the S-Corp designation and start saving money today. 
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3/14/2021

Tax Extensions - April 15th is still the 2020 Tax Deadline

​Tax Schedule:
January 15 - April 15th - Main Tax Season Limited Availability

June 1st - September 15th - Extension Tax Season

RUSH Service available for additional fee from April 15 -May 31st
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NEED A TAX EXTENSION? Call of email us:
Mike@MikeMcVay.com * 850-725-5696
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3/2/2021

Self-Employed or S-Corp on Medicare - Great New Tax Deduction 2020!

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If you're self-employed and receive Medicare, you may be able to deduct all your Medicare insurance premiums. The IRS has recently ruled that Medicare recipients who have self-employment income may deduct the premiums they pay for Medicare coverage, the same as the premiums for any other type of health insurance.

www.PensacolaFLTax.com * 850-725-5696

2/26/2021

Hassle Free - Full Service Bookkeeping Starting at $150.00 per month

​Set-up Phase:
  • We will work with the owners to book all investment and detail all equipment, furnishings etc for proper depreciation handing.
  • Set-up owners access into QuickBooks – Owners can view reports.
  • Set-up of your QuickBooks Online platform. Customize your chart of accounts to fit your business. Connect bank and credit card accounts to properly received downloaded transactions. Book loans and record proper down payments and owner’s investment.
  • Provide QuickBooks Online Essentials (NO FEES) Owners own data.
Daily bookkeeping and month end accounting:
  • Enter vendors to post downloaded transactions into QuickBooks. Post and code expenses properly in the accounting system.
  • Post monthly sales from POS reports, reconcile deposits for the month.
  • Reconcile all bank and credit card accounts at month end.
  • Post any receipts or owners expenses that were not included in checking account. (Limited)
  • Complete sales tax on a monthly basis.
  • Prepare monthly financials for owners.
Payroll:
  • Setup all employees in payroll system (ADP). Train owners on payroll system entry for bi-weekly payroll.
  • Direct deposit of all employee payroll
  • Tax service to pay your payroll tax liability to IRS
File all quarterly payroll reports to federal, state, and local tax agencies.
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FREE Consultation with No - Fee QuickBooks Online Subscription
Mike McVay, Accountant * 850-725-5696 * Mike@MikeMcVay.com * www.QuickBooksPensacola.com 

2/16/2021

Upcoming Tax Deadlines for 2020 Taxes! Book Now............

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Tax Deadlines for 2020 are approaching fast!
Book your tax appointment here......

BOOK AN APPOINTMENT
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Corp Taxes Due: 03/15/2021
Most LLC's Due: 03/15/2021
Individual Taxes Due: 04/15/2021

Avoid Penalties: Call us to file an extension!
850-725-5696
​Mike@MikeMcVay.com 
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2/13/2021

Pensacola's Best Bookkeeping Service * Full Service Up-to-Date Bookkeeping Starting @ $150.00 Per Month / Included QB Online Subscription

McVay has built his accounting business with start up small businesses. Now, many of these businesses have become stable, high volume, high profit businesses. McVay starts most his small businesses at $150.00 per month bookkeeping services. McVay also provides a full QuickBooks Online Subscription with all monthly services. 
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Full-Service Bookkeeping includes cleanup/setup, ongoing bookkeeping, and month-end close.
  • In the cleanup/setup phase, your bookkeeper will set up your chart of accounts, connects your banks, and teaches you the basics of QuickBooks. If you have information in QuickBooks already, your bookkeeper will help clean it up in the first month of service.
  • As part of ongoing bookkeeping, your bookkeeper categorizes your transactions and reconciles your accounts each month. A degreed accountant will make proper month-end & year-end adjustments to keep you books in tip top shape. No running behind with McVay Business Services. We code, post and adjust your books on a daily and weekly basis. 
  • At the end of each month, Mike McVay, Accountant will reconcile and closes your books. At year-end we will reconcile, make year end adjustments and go right into preparing your year-end taxes. Most books are closed and ready for tax preparation around the end of January. 
Need more information about this service? Book a remote online appointment and we will give you a complementary consultation to see if our service fits your needs. We customize all services to fit y our needs and budget! Mike McVay, Accountant 850-725-5696 * Mike@MikeMcVay.com
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2/11/2021

QuickBooks and Taxes * A must for all businesses!

A QuickBooks accountant can not only provide you with a complete and accurate year-end financials, but can strategize to keep your taxes low. Between the 179 depreciation expense, business credits and S-Corp benefits for taxation we can do some amazing work and its 100% legal and proper.

QuickBooks full service accounting starts at only $150.00 per month and takes these burdensome task away from you. 

Call now about our FREE paid QuickBooks subscription with any service offering. 850-725-5696
Mike@MikeMcVay.com
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Mike McVay, Accountant is committed to providing your business with top notch customer service, complete and accurate financials and lower tax liability for your business. Our services and prices can not be matched!

McVay is considered Pensacola's top QuickBooks, Taxes and Small Business Expert. Small businesses do not need to spend a fortune for excellent accounting and tax services. 
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1/27/2021

2020 Income Tax E-file Starts February 12th - Book Early


The IRS on Friday announced that it will start accepting and processing 2020 tax returns on Friday, Feb. 12. This is later than in most previous years, when tax season has started in January. The IRS says the delay is due to the extra time it needs for programming and testing its systems following the tax law changes made by the Consolidated Appropriations Act, 2021 (CAA 2021), P.L. 116-260, which was enacted Dec. 27.
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According to the IRS, much of the additional programming stems from the second round of recovery rebate credits authorized by the CAA 2021, which taxpayers can claim on their 2020 returns if they do not receive an economic impact payment.
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The IRS anticipates starting to issue refunds for taxpayers who claim the earned income tax credit and/or additional child tax credit in the first week of March, for taxpayers who file electronically and provide direct deposit information and have no other issues with their returns.
The IRS says it expects more than 150 million tax returns to be filed this year.
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Mike McVay, Tax Accountant * 850-725-5696 * Mike@MikeMcVay.com

1/18/2021

Millions of Americans have already received their $600 stimulus check, but some who are still waiting for the money to arrive - What do you need to do?

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Under the $900 billion coronavirus relief package that Congress passed at the end of December, the IRS had until Jan. 15 to issue the $600 stimulus payments. Now that the deadline has passed, Americans who are eligible to receive the money but haven't yet must claim it as a credit on their 2020 returns.
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If you don't receive the cash payment -- or get the wrong amount -- then you can claim a Recovery Rebate Credit on your 2020 tax return.
The IRS will begin accepting returns on Feb. 12 — typically the agency opens tax season at the end of January — because it needs more time to ensure its systems can handle the credits that apply to the second stimulus payments.
"This start date will ensure that people get their needed tax refunds quickly while also making sure they receive any remaining stimulus payments they are eligible for as quickly as possible," IRS Commissioner Chuck Rettig said.
The Free File tool is available to anyone who earned $72,000 or less in 2020.
American adults who earned less than $75,000 in 2019 will receive the full $600 check, while couples who earned less than $150,000 will receive $1,200. The payments will be tapered for higher earners (5% of the amount by which their adjusted gross incomes exceeded the initial threshold) and phased out completely for individuals who earn more than $87,000 and couples who earn more than $174,000.
The federal government also issued a $1,200 payment earlier this year with similar eligibility criteria. If you did not receive the first check, you can also use your tax return to claim the money.
“For 2021, eligible taxpayers who did not receive the full amount can claim it as the Recovery Rebate Credit when they file their 2020 tax return,” the IRS said. “Use IRS Free File to file and claim this important benefit.”
Some Americans aren't eligible to receive the cash payment: College students and dependents over the age of 17 won't receive the money, nor will immigrants who don't have a Social Security number. Some high earners who received a check during the first round of stimulus payments will also not qualify for the second round.

Mike McVay, Tax Accountant
850-725-5696
Mike@MikeMcVay.com 

1/10/2021

Hiring your Dependent Children in your Business

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GENERAL FEDERAL CHILD LABOR RULES

Under the Fair Labor Standards Act (FLSA), there are essentially four different tiers for labor standards covering non-farm employment for children. They break down as follows:
  • Children under the age of 14,
  • Children 14 and 15,
  • Children 16 and 17, and
  • Children 18 and older
The first tier of labor standards for children covers those who are under the age of 14. In general, such children are not allowed to perform any non-farm work for any number of hours. Children delivering newspapers, babysitting on a casual basis, working as an actor or model, or employed as a homeworker making evergreen – and only evergreen – wreaths (someone in Congress must have had a serious “axe to grind” against deciduous trees, huh?) are exempt from these rules, however, and may generally work at any age (at least from a Federal labor law perspective).

The second tier of child labor laws covers children who are 14 and 15 years old. Such children may be employed, but have a substantial amount of restrictions placed upon that employment, including the numbers of hours they can work per day and per week (which varies depending upon whether school is in session), when those hours can be worked (which varies depending upon the time of year), and what sorts of jobs they can have.

By the time children are 16, they can generally work as many hours as they wish and at whatever time(s) they like.  In general, the only restrictions to which they are subject are those that prevent them from working jobs that have been deemed “hazardous” by the Department of Labor, such as jobs that involve “exposure to radioactive substances and ionizing radiation”, “coal mining”  or “working in wrecking , demolition, and ship-breaking operations”.

And finally, once a child reaches the age of 18, there are no longer any restrictions on their employment. They are considered full adults in the eyes of the law, and may work whatever hours they want (subject to “normal” labor restrictions), whenever they want, and doing whatever they want.

EXEMPTION TO FLSA CHILD LABOR LAWS FOR THE EMPLOYMENT OF A CHILD IN A PARENT-OWNED BUSINESS
Now if all of that sounds utterly complicated, but you’ve been considering hiring one or more of your own young children to work with you in your business, here’s the good news… unless you own a hazardous business, it likely doesn’t matter!

In addition to more narrow exemptions to the general rules, such as those that allow certain student-learners to engage in certain otherwise-prohibited work, there is a broad exemption to the child labors laws for young children employed in businesses owned solely owned by their parents. Such children may, at any age, typically work an unrestricted number of hours, at any time of day or night, so long as the parent-owned business is not involved in mining, manufacturing, or one of the aforementioned occupations designated as hazardous by the Department of Labor.

Notably (and despite a substantial number of generally credible, well-respected websites saying otherwise), this exemption is available regardless of the entity structure of the parents’ business, so long as the business is wholly owned by the parents. In fact, as stated in Section e00(a)(2) of Chapter 33: Child Labor, of the Department of Labor’s Wage and Hour Division’s Field handbook:

The exemption applies only when the parent is the sole employer of the minor. If the parent is a partner in a partnership or an officer of a corporation, the parental exemption does not apply unless the parents are the only members of the partnership or the sole owners of the corporation.

Mike McVay, Tax Accountant 
850-725-5696
Mike@MikeMcVay.com


1/8/2021

We are growing! Find out why we are voted # 1 small business accountant

Small Businesses have a trusted partner with Mike McVay

These are the top reasons clients refer their friends and family to McVay Business Services

  • Voted top customer service among many other local accounting and tax firms
  • Mike McVay holds a Certified QuickBooks ProAdvior Certification for over 20+ years
  • Mike McVay was on the Intuit's Accountant Advisory Board at Intuit from 2004-2006
  • We keep our bookkeeping and tax prices way below our competitors. We guarantee high quality service 
  • Individual and Business tax services are usually 30-40% below H&R Block and Jackson Hewitt prices
  • McVay takes a partner mentality when working with your business
  • Personable, available, on time and quality work. An accountant that you can talk to
  • We use the latest technology to streamline, increase productivity. Helping to propel your business success
  • All new QuickBooks online set-up & monthly service comes with FREE QuickBooks subscription for life of you account
  • Remote services available through our secure encrypted online portal for secure document exchange
  • We work in all 50 states and our remote accounting department is the cream of the crop
  • Totally, Full service bookkeeping with a FREE QuickBooks Online Subscription starts at only $150.00 per month
  • Quarterly bookkeeping services starts at only $250.00 per quarter
  • We are 1/2 the price of most local CPA firms for taxes, payroll and accounting 
  • Are QuickBooks bookkeeping service is 100% guaranteed or your money back !! 
  • Our payroll services are the best in the industry with super rates. Workers comp (pay-as-you-go) available. Do you have a high risk business? No problem with us, we can get you workers comp 

Stop settling for late filings, IRS penalties, no call backs, bad customer service, high prices and accountants that don't have your business in their best interest.
You wont find any of this with McVay Business Services
Come home today!
Start saving money and start spending more time
running your business

Mike McVay, Accountant
www.PensacolaFLTax.com 
850-725-5696
Mike@MikeMcVay.com

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    Mike McVay, Accountant Experienced IRS Tax Resolution Specialist
    With over 20-years experience working with individuals, families & small business owners. McVay has long term knowledge in taxation to help with their income tax, I.R.S tax issues and businesses management.
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