Help ensure the IRS doesn’t reclassify independent contractors as employees
May 13, 2021
Many businesses use independent contractors to help keep their costs down. If you’re among them, make sure that these workers are properly…
The Restaurant Revitalization Fund is now live
May 11, 2021
The COVID-19 pandemic has affected various industries in very different ways. Widespread lockdowns and discouraged movement have led to…
Tax filing deadline is coming up: What to do if you need more time
May 7, 2021
“Tax day” is just around the corner. This year, the deadline for filing 2020 individual tax returns is Monday, May 17, 2021. The IRS…
Providing education assistance to employees? Follow these rules
May 4, 2021
Many businesses provide education fringe benefits so their employees can improve their skills and gain additional knowledge. An employee…
Is your wellness program built on a solid foundation?
April 29, 2021
In a society increasingly conscious of well-being, with the costs of health care benefits remaining high, many businesses have established…
Claiming the business energy credit for using alternative energy
April 27, 2021
Are you wondering whether alternative energy technologies can help you manage energy costs in your business? If so, there’s a valuable…
Ensure competitive intelligence efforts are helpful, not harmful
April 23, 2021
With so many employees working remotely these days, engaging in competitive intelligence has never been easier. The Internet as a whole,…
Know the ins and outs of “reasonable compensation” for a corporate business owner
April 22, 2021
Owners of incorporated businesses know that there’s a tax advantage to taking money out of a C corporation as compensation rather than as…
Changes to premium tax credit could increase penalty risk for some businesses
April 20, 2021
The premium tax credit (PTC) is a refundable credit that helps individuals and families pay for insurance obtained from a Health Insurance…
Home sales: How to determine your “basis”
April 16, 2021
The housing market in many parts of the country is strong this spring. If you’re buying or selling a home, you should know how to determine…
Simple retirement savings options for your small business
April 15, 2021
Are you thinking about setting up a retirement plan for yourself and your employees, but you’re worried about the financial commitment and…
Who qualifies for “head of household” tax filing status?
April 13, 2021
When you file your tax return, you must check one of the following filing statuses: Single, married filing jointly, married filing…
Tax advantages of hiring your child at your small business
April 9, 2021
As a business owner, you should be aware that you can save family income and payroll taxes by putting your child on the payroll. Here are…
EIDL loans, restaurant grants offer relief to struggling small businesses
April 7, 2021
The American Rescue Plan Act (ARPA), signed into law in early March, aims at offering widespread financial relief to individuals and…
How to ensure life insurance isn’t part of your taxable estate
April 5, 2021
If you have a life insurance policy, you may want to ensure that the benefits your family will receive after your death won’t be included…
Need a new business vehicle? Consider a heavy SUV
April 2, 2021
Are you considering buying or replacing a vehicle that you’ll use in your business? If you choose a heavy sport utility vehicle (SUV), you…
COBRA provisions play critical role in COVID-19 relief law
March 31, 2021
During the COVID-19 pandemic, many employees and their families have lost group health plan coverage because of layoffs or reduced hours.…
New law tax break may make child care less expensive
March 29, 2021
The new American Rescue Plan Act (ARPA) provides eligible families with an enhanced child and dependent care credit for 2021. This is the…
Is an S corporation the best choice of entity for your business?
March 25, 2021
Are you thinking about launching a business with some partners and wondering what type of entity to form? An S corporation may be the most…
New COVID-19 relief law extends employee retention credit
March 23, 2021
Many businesses have retained employees during the COVID-19 pandemic and enjoyed tax relief with the help of the employee retention credit…
The latest on COVID-related deadline extensions for health care benefits
March 15, 2021
The U.S. Department of Labor (DOL) recently issued EBSA Disaster Relief Notice 2021-01, which is of interest to employers. It clarifies the…
Business TaxesTax AdviceBusiness
Launching a small business? Here are some tax considerations
March 9, 2021
While many businesses have been forced to close due to the COVID-19 pandemic, some entrepreneurs have started new small businesses. Many of…
Business TaxesBusinessCOVID-19
PPP loans have reopened: Let’s review the tax consequences
February 15, 2021
The Small Business Administration (SBA) announced that the Paycheck Protection Program (PPP) reopened the week of January 11. If you’re…
Business TaxesBusinessCOVID-19
One reason to file your 2020 tax return early
February 8, 2021
The IRS announced it is opening the 2020 individual income tax return filing season on February 12. (This is later than in past years…