The Federal Reserve has raised its federal funds rate (referred to as the fed funds rate) several times this year and expects to have additional … Read more about 5 Ways Higher Interest Rates May Affect Your Business
Stock Options and Your Small Business
Small business owners who’ve incorporated may be reluctant to share ownership with staff. However, the National Center for Employee Ownership lists a … Read more about Stock Options and Your Small Business
10 Rules for Qualified Small Business Stock
Some businesses can issue stock that entitles owners to eventually obtain tax-free income when they sell their stock. Yes, 100% of gain on the sale of … Read more about 10 Rules for Qualified Small Business Stock
Trading Goods, Services, and Property: Taxes Implications
Some businesses like to swap their goods and services with other companies. In fact, according to Barter News Weekly, nearly one-third of small … Read more about Trading Goods, Services, and Property: Taxes Implications
Preparing for a Recession
Why would you consider thinking about a recession when we’re in the middle of a boom economy? Because every boom is followed at some time by a bust. … Read more about Preparing for a Recession
Tax Cost of Living Adjustments (COLAs) for 2019
There are dozens of numbers used for benefits, limitations, thresholds, and other rules for various tax breaks that can be adjusted annually for … Read more about Tax Cost of Living Adjustments (COLAs) for 2019
J.K. Lasser’s Small Business Taxes 2019
I’m proud to say it’s the 25th year of the original publication, and it’s all new for 2018 returns and year-round tax planning. The new edition, named … Read more about J.K. Lasser’s Small Business Taxes 2019
Helping Employees with Their Finances
According to PWC’s 2018 Employee Financial Wellness Survey, 54% of employees feel stressed about their finances. What does this mean in your … Read more about Helping Employees with Their Finances
Thanksgiving: What Are You Grateful for?
Since 1863, Americans have celebrated Thanksgiving as a national holiday. It has come to mean a time when families get together and feast, when … Read more about Thanksgiving: What Are You Grateful for?
New Retirement Plan and Benefit Limits for 2019
Want to create a multi-million dollar nest egg … in addition to the value of your business? This is possible by making sure you’re covered by a … Read more about New Retirement Plan and Benefit Limits for 2019
Raising Your Prices
A McKinsey & Co. study found that raising prices 1% with no change in demand could mean an increase in profits of 11%. Inflation for 2018 is … Read more about Raising Your Prices
10 Things to Know about the QBI Deduction
The Tax Cuts and Jobs Act created a new personal deduction, called the qualified business income (QBI) deduction, for owners of pass-through entities … Read more about 10 Things to Know about the QBI Deduction
Health Care: The Problem and the Solution
This is the health care season, with open enrollment for individuals seeking coverage for 2019 through a government Marketplace running from November … Read more about Health Care: The Problem and the Solution
It’s Time to Upgrade Your PC
Will Rogers said: “Even if you’re on the right track, you’ll get run over if you just sit there.” When it comes to technology, you can’t afford to … Read more about It’s Time to Upgrade Your PC
When ‘NOT’ to Elect First-Year Expensing
The Tax Cuts and Jobs Act dramatically increased the dollar limit on first-year expensing (the Section 179 deduction) for the purchase of equipment … Read more about When ‘NOT’ to Elect First-Year Expensing
