Manufacturing & Distribution

Good News for Non-Mainstream Trades

A wage reimbursement incentive has been signed into legislation Last Thursday, Gov. Gina M. Raimondo signed into law bills which direct the Governor’s Workforce Board (GWB) to build a nontrade apprenticeship program and annually award funding to at least one new initiative on a competitive basis. Depending on...

Potential Payroll Tax Savings for RI Employers

-by David Gobeille, Tax Partner It appears that Rhode Island will have a sufficient level of reserves in our unemployment insurance trust fund as of September 30, 2016 that (under the new law) the state will be able to move to a lower tax schedule beginning January 1,...

Can Partners Be Considered Employees?

Not according to the IRS. Last month, the IRS issued temporary regulations T.D. 9766 clarifying the employment tax treatment of partners in a partnership owning a disregarded entity. In the past, some partnerships treated the partners as employees of the disregarded entity, thereby allowing the partners to participate in...

2016 June News in Review

Sansiveri’s June News in Review is a summary of news, events and links that we shared throughout the month of May. Just in case you missed an earlier post or email, this issue includes information about how Sansiveri was named a Best Places to Work by PBN; cost segregation...

Accounting for Goodwill to Change

By Linda Marie Pearson, CPA, CFE Does your entity have goodwill on its balance sheet? If so, a change simplifying the accounting for goodwill impairment proposed by the Financial Accounting Standards Board (FASB) may affect your entity. The Financial Accounting Standards Board (FASB) is proposing changes to accounting...

The Overtime Rule

By Linda Marie Pearson, CPA, CFE On May 18, 2016, the U.S. Department of Labor (DOL) published final regulations defining those employees exempt from overtime.  The new rule (aka The Final Rule) updated the salary and compensation levels of executive, administrative and professional...

2016 RI Manufacturing Annual Meeting Sponsor

Sansiveri was one of the prime sponsors of the 2016 Rhode Island Manufacturing Annual Meeting being held today, May 11, 2016, from 7:30 am to 9:30 am at the Twin River Event Center in Lincoln, RI. Governor Gina Raimondo and keynote speaker, Reid Wilson, chief political correspondent...