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22
JUN
2022
When hiring, don’t overlook older workers

When hiring, don’t overlook older workers

Is your business hiring? Many companies are — in fact, an employment report released by the U.S. Department of Labor earlier this month revealed that nonfarm payrolls increased by 390,000 in May, and the unemployment rate held steady at 3.6%. As the job market continues to feel...
21
JUN
2022
Five tax implications of divorce

Five tax implications of divorce

Are you in the early stages of divorce? In addition to the tough personal issues that you’re dealing with, several tax concerns need to be addressed to ensure that taxes are kept to a minimum and that important tax-related decisions are properly made. Here are five issues to...
21
JUN
2022
Businesses will soon be able to deduct more under the standard mileage rate

Businesses will soon be able to deduct more under the standard mileage rate

Business owners are aware that the price of gas is historically high, which has made their vehicle costs soar. The average nationwide price of a gallon of unleaded regular gas on June 17 was $5, compared with $3.08 a year earlier, according to the AAA Gas Prices website. A gallon...
15
JUN
2022

Checking in on your accounts payable processes

No matter how big or small the business, properly managing accounts payable is critical. Here are some fundamentals to review.
14
JUN
2022
With the federal estate tax exemption currently so large, you may want to devote more time to saving income taxes for your heirs.

Your estate plan: Don’t forget about income tax planning

With the federal estate tax exemption currently so large, you may want to devote more time to saving income taxes for your heirs.
13
JUN
2022
The “dividends-received deduction” may take some of the bite out of a C corporation’s tax bill. Here’s how.

Is your corporation eligible for the dividends-received deduction?

The “dividends-received deduction” may take some of the bite out of a C corporation’s tax bill. Here’s how.
08
JUN
2022
Simple ways to make strategic planning a reality

Simple ways to make strategic planning a reality

Every business wants to engage in strategic planning that will better position the company to sell more to current customers — and perhaps expand into new markets. Yet the term “strategic planning” is so broad. It’s easy to get overwhelmed by all the possible directions you could...
07
JUN
2022
Social Security benefits: Do you have to pay tax on them?

Social Security benefits: Do you have to pay tax on them?

Some people who begin claiming Social Security benefits are surprised to find out they’re taxed by the federal government on the amounts they receive. If you’re wondering whether you’ll be taxed on your Social Security benefits, the answer is: It depends. The taxation of Social...
06
JUN
2022
Help when needed: Apply the research credit against payroll taxes

Help when needed: Apply the research credit against payroll taxes

Here’s an interesting option if your small company or start-up business is planning to claim the research tax credit. Subject to limits, you can elect to apply all or some of any research tax credits that you earn against your payroll taxes instead of your income tax. This...
01
JUN
2022
Dodge the tumult with a buy-sell agreement

Dodge the tumult with a buy-sell agreement

Businesses with multiple owners generally benefit from a variety of viewpoints, diverse experience and strategic areas of specialization. However, there’s a major risk: the company can be thrown into tumult if one of the owners decides, or is compelled by circumstances, to leave....