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Business owners that operate as an S corporation are subject to income tax, but not self-employment tax, on their share of the entity’s income. Here’s how the rules work.
May 17, 2021 / News

An S corporation could cut your self-employment tax

Business owners that operate as an S corporation are subject to income tax, but not self-employment tax, on their share of the entity’s income. Here’s how the rules work.
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Has your business changed its policies or procedures during the COVID-19 pandemic? Probably so. Make sure your employee handbook accurately reflects these changes.
May 12, 2021 / News

Look at your employee handbook with fresh eyes

Has your business changed its policies or procedures during the COVID-19 pandemic? Probably so. Make sure your employee handbook accurately reflects these changes.
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The pandemic has caused some people to turn to “gig” work to make up for lost income. Here are the tax consequences of taking on these jobs.
May 12, 2021 / News

Working in the gig economy results in tax obligations

The pandemic has caused some people to turn to “gig” work to make up for lost income. Here are the tax consequences of taking on these jobs.
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Employee or independent contractor? That’s the question businesses ask when they bring on certain workers. Here are the basic rules to help keep you out of tax trouble.
May 10, 2021

Help ensure the IRS doesn’t reclassify independent contractors as employees

Employee or independent contractor? That’s the question businesses ask when they bring on certain workers. Here are the basic rules to help keep you out of tax trouble.
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If your business is a restaurant or anything like one, you may qualify for funding under the just-launched Restaurant Revitalization Fund. But you’ve got to act soon.
May 5, 2021 / News

The Restaurant Revitalization Fund is now live

If your business is a restaurant or anything like one, you may qualify for funding under the just-launched Restaurant Revitalization Fund. But you’ve got to act soon.
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Americans got extra time to file their tax returns this year, but the deadline is looming. Here’s what to do if you’re not ready.
May 5, 2021 / News

Tax filing deadline is coming up: What to do if you need more time

Americans got extra time to file their tax returns this year, but the deadline is looming. Here’s what to do if you’re not ready.
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Some employers offer educational assistance plans as a recruitment and retention tool. Here are the rules to help ensure the fringe benefit is tax free to employees.
May 3, 2021 / News

Providing education assistance to employees? Follow these rules

Some employers offer educational assistance plans as a recruitment and retention tool. Here are the rules to help ensure the fringe benefit is tax free to employees.
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The COVID-19 pandemic has emphasized the importance of self-care. In response, businesses are building or rebuilding employee wellness programs.
April 28, 2021 / News

Is your wellness program built on a solid foundation?

The COVID-19 pandemic has emphasized the importance of self-care. In response, businesses are building or rebuilding employee wellness programs.
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The IRS imposes penalties for failing to pay taxes due and failing to file required tax returns. With the May 17 filing deadline coming up, it’s a good time to review the amount of the penalties.
April 27, 2021 / News

Why it’s important to meet the tax return filing and payment deadlines

The IRS imposes penalties for failing to pay taxes due and failing to file required tax returns. With the May 17 filing deadline coming up, it’s a good time to review the amount of the penalties.
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There’s a great deal of interest in alternative energy technologies today. If your business invests in certain equipment or property, what are the federal tax benefits? This article explains.
April 26, 2021 / News

Claiming the business energy credit for using alternative energy

There’s a great deal of interest in alternative energy technologies today. If your business invests in certain equipment or property, what are the federal tax benefits? This article explains.
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