Business owners need to take money out of their companies to pay their personal expenses and reward themselves for their hard work. Deciding how much … Read more about Business Owner’s Compensation: How Much?
Key Retirement Plan Changes for 2024
There are several factors contributing to a changing landscape for retirement plans in 2024. SECURE Act 2.0 made a number of changes effective in … Read more about Key Retirement Plan Changes for 2024
Recession-Proof Your Business: What to Know About Taxes if Struggling in 2023
Many small businesses are thriving despite high inflation, labor shortages, and other challenges. Unfortunately, some businesses are struggling. … Read more about Recession-Proof Your Business: What to Know About Taxes if Struggling in 2023
Entrepreneurial-Minded Veterans
November 11 is Veterans Day (although it’s celebrated on November 10th because the 11th is a Saturday). According to the U.S. Census Bureau, veterans … Read more about Entrepreneurial-Minded Veterans
Prevailing Wage and Apprenticeship Rules that Boost Certain Tax Write-Offs
The Inflation Reduction Act introduced or expanded various tax rules—deductions and credits—related to green energy. Basic write-offs can be … Read more about Prevailing Wage and Apprenticeship Rules that Boost Certain Tax Write-Offs
Sleep and the Workplace
Daylight Savings Time (DST) ends on November 5, 2023, at 2 a.m. It will begin on March 10, 2024. Many people are affected by these time changes. Johns … Read more about Sleep and the Workplace
What’s an IRS Business Tax Account and Should You Get One?
The IRS launched a new tool called a Business Tax Account that some business owners can use to give employees in their company access to the business … Read more about What’s an IRS Business Tax Account and Should You Get One?
Succession Planning for Your Family-Owned Business
SCORE defines a family-owned business as “Is one in which any two or more family members operate the company, and the majority of ownership or control … Read more about Succession Planning for Your Family-Owned Business
Employee Retention Credit Now: Where You Stand and What to Do
The employee retention credit (ERC), a credit created during COVID-19, ended on September 30, 2021 (December 31, 2021, for startups), but it’s still … Read more about Employee Retention Credit Now: Where You Stand and What to Do
3 Ways Customers Can Be on Your Sales Team
The definition of a customer is “one that purchases a commodity or service.” A customer is the party that generates revenue for your business. But in … Read more about 3 Ways Customers Can Be on Your Sales Team
Recession-Proofing Your Business: Managing Employee Anxiety
Experts aren’t certain there will be a recession, or whether we’re already in one. But what is certain is the growing number of job layoffs. Forbes … Read more about Recession-Proofing Your Business: Managing Employee Anxiety
What Employers Should Know about Covid-19, Flu, and RSV
The calendar says flu season is just around the corner. The national health emergency from COVID-19 ended on May 11, 2023, but the illness is still … Read more about What Employers Should Know about Covid-19, Flu, and RSV
Ending the Confusion About Designations of Do-Good Companies
Increasingly, you’ll hear about big companies using their profits for social good or to help the environment. Time listed the “best corporations” in … Read more about Ending the Confusion About Designations of Do-Good Companies
What to Know About Your Holiday Season Employees
While holiday hiring in the U.S. for this upcoming season is the lowest since 2008, many businesses have already hired or plan to engage seasonal … Read more about What to Know About Your Holiday Season Employees
Ways to Simplify Tax Recordkeeping
To claim deductions and credits for the business expenses you incur, you must have certain records, including the amount of your outlays. Without good … Read more about Ways to Simplify Tax Recordkeeping
