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Thoughtful onboarding is more important than ever
August 5, 2020 / News

Thoughtful onboarding is more important than ever

When your business is ready to start hiring, if it’s not already, a thorough onboarding program will help new hires feel safe and ready to hit the ground running.
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The tax implications of employer-provided life insurance
August 4, 2020 / News

The tax implications of employer-provided life insurance

Employer-provided group term life insurance can be a nice employee benefit. But depending on the amount of coverage, it may cause an unwanted tax result. Here’s why.
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File cash transaction reports for your business — on paper or electronically
August 3, 2020 / News

File cash transaction reports for your business — on paper or electronically

If your business receives large cash or “cash equivalent” payments, you may have to report the transactions to the IRS. Here are the details.
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Strengthen your supply chain with constant risk awareness
July 29, 2020 / News

Strengthen your supply chain with constant risk awareness

The COVID-19 crisis has drawn a lot of attention to supply chains. On this front, business owners should be on the lookout for “concentration” risks.
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Are scholarships tax-free or taxable?
July 28, 2020 / News

Are scholarships tax-free or taxable?

Scholarships are generally tax-free but there are times when academic awards result in taxable income.
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Why do partners sometimes report more income on tax returns than they receive in cash?
July 27, 2020 / News

Why do partners sometimes report more income on tax returns than they receive in cash?

Partnerships and partners are taxed differently than corporations. In some cases, partners may be taxed on more partnership income than was distributed to them from their partnerships. Here’s why.
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Reopening concepts: What business owners should consider
July 22, 2020 / News

Reopening concepts: What business owners should consider

Is your business ready to reopen or expand its operations under local COVID-19-related guidelines? You’ll face difficult decisions but may also encounter practical opportunities.
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Take advantage of a “stepped-up basis” when you inherit property
July 21, 2020 / News

Take advantage of a “stepped-up basis” when you inherit property

If you’ve inherited assets or you’re planning your estate, it’s crucial to understand the fair market value basis rules (also known as the “step-up and step-down” rules). That way, you won’t pay more tax than you’re legally required to.
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Even if no money changes hands, bartering is a taxable transaction
July 20, 2020 / News

Even if no money changes hands, bartering is a taxable transaction

For hundreds of years, businesses have engaged in bartering. It’s popular during times of economic downturns, which many businesses are suffering now due to COVID-19. But if you trade goods or services, be aware of the tax consequences.
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Does your business have a unique selling proposition?
July 15, 2020 / News

Does your business have a unique selling proposition?

Every business owner needs to ensure his or her company stands out from the competition. A unique selling proposition enables you to put this distinction into words.
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