5.30.2024 | Issue 156

Santora CPA Group's Weekly Newsletter!


You'll find links to the Alerts and Useful Info we've posted on our website, which includes time-sensitive information and any other issues that might impact you or your business, as well as any news from around our office.

New Overtime Rule Begins on July 1, 2024

Our very own Linda Pappajohn recently wrote a summary article regarding the new overtime rule that could come into effect in July 2024.

Under this final rule, starting on July 1, 2024, employees who make less than $844 per week, or $43,888 annualized, could very likely be eligible for overtime pay after working 40 hours in a week. On January 1, 2025, the salary threshold increases to $1,128 per week or $58,656 annualized.

To Read Her Full Summary Click Here

Your Weekly Catch-Up

Pay Attention to the Tax Rules if You Turn a Hobby Into a Business

Many people dream of turning a hobby into a regular business. Perhaps you enjoy boating and would like to open a charter fishing business. Or maybe you’d like to turn your sewing or photography skills into an income-producing business.


Taxes When You Sell an Appreciated Vacation Home

Watch Out for “Income in Respect of a Decedent” Issues When Receiving an Inheritance


Firm News

Phillie Phans!

On May 21st, Samantha Finfer brought her parents, Matt and Carol, and her boyfriend, Griffin, to a night out at Citizens Bank Park! The Phillies played the Texas Rangers. Overall, it was a great game with Bohm hitting two RBIs and Harper's home run. The Phillies took another win with the final score of 5-2!

We're Hiring

Helpful Links

Sign Others Up to Receive Our Newsletter! 

Follow Us!

Facebook  LinkedIn  Instagram  YouTube  Web