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Lessons of 2020: Change management
November 25, 2020 / News

Lessons of 2020: Change management

Has the COVID-19 pandemic wrought difficult changes on your business? If so, be sure to make the most of what you’ve learned by engaging in change management.
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We wanted to make you aware of some very important news from the IRS and from Congress that could affect your taxes and budget in 2021.
November 24, 2020 / News

Important News from the IRS and Congress about PPP Loans

Last week, the IRS released clarification regarding the non-deductibility of expenses related to loans from the Paycheck Protection Program (PPP). This clarification has the potential to massively affect small businesses across the country and could cause many businesses to find themselves stuck with an unusually large tax burden.
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Employees: Don’t forget about your FSA funds
November 24, 2020 / News

Employees: Don’t forget about your FSA funds

It’s that time of year again: time to spend your unused dollars if you have an FSA.
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The importance of S corporation basis and distribution elections
November 23, 2020 / News

The importance of S corporation basis and distribution elections

Do you operate your business as an S corporation? Be aware that several elections are available to an S corp. or its shareholders that can affect the basis adjustments caused by distributions and other events.
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Putting the finishing touches on next year’s budget
November 18, 2020 / News

Putting the finishing touches on next year’s budget

Few business owners look forward to creating an annual budget. Nonetheless, this is an important process that can be made better by attending to some key details.
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Taking distributions from a traditional IRA
November 17, 2020 / News

Taking distributions from a traditional IRA

It may seem easier to put money into a traditional IRA than it is to take money out. Here are some of the ins and outs of the IRA distribution rules.
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Health Savings Accounts for your small business
November 16, 2020 / News

Health Savings Accounts for your small business

Health Savings Accounts offer a way to set aside money on a pre-tax basis to pay for qualified medical expenses. Here’s a review at what an HSA could mean for your business, as well as the relevant inflation-adjusted amounts for 2020 and 2021.
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Hit the target with your email marketing
November 11, 2020 / News

Hit the target with your email marketing

As businesses adjust to an economy severely affected by the COVID-19 pandemic, email marketing has become more important than ever. Here’s how to take your best shot.
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How Series EE savings bonds are taxed
November 10, 2020 / News

How Series EE savings bonds are taxed

Do you own Series EE bonds? Take a look at the issue dates. If the bonds are no longer earning interest, you probably want to redeem them. Here’s more about how the interest on the bonds is taxed.
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Do you want to withdraw cash from your closely held corporation at a low tax cost?
November 9, 2020 / News

Do you want to withdraw cash from your closely held corporation at a low tax cost?

Are you the owner of a closely held corporation and want to take cash out? For tax purposes, you probably want to avoid a dividend distribution. Here are some alternatives.
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