Even though audit rates are at historic lows — just 0.7% overall in the government’s 2016 fiscal year — you may be the unlucky taxpayer to fall under … Read more about Settling Up with the IRS
The Other 401(k)
401(k) plans are the most popular form of retirement for businesses. According to this data from the Employee Benefit Research Institute (EBRI), … Read more about The Other 401(k)
4 Ways Higher Interest Rates Affect Your Business
On March 15, 2017, the Federal Reserve raised interest rates for short-term borrowing by a quarter of a percent (0.25%). This is called the fed funds … Read more about 4 Ways Higher Interest Rates Affect Your Business
How to Handle Financial Information about Job Applicants
Individuals with financial troubles can create problems in the workplace. They may be preoccupied with their personal woes and unable to concentrate … Read more about How to Handle Financial Information about Job Applicants
Unconventional Women Entrepreneurs I admire
It’s Women’s History Month so I’d be remiss if I failed to applaud the contributions of women to business. When we think of women entrepreneurs, it’s … Read more about Unconventional Women Entrepreneurs I admire
No-Cost and Low-Cost Retirement Plans for Small Businesses
About half of all employees in the U.S. are not confident in having enough resources in retirement, according to a survey last year. Yet millions of … Read more about No-Cost and Low-Cost Retirement Plans for Small Businesses
Garnishment Rules You Need to Know
As an employer, if you receive a garnishment notice naming a specific employee, you must withhold a portion of the worker’s wages and remit the money … Read more about Garnishment Rules You Need to Know
Comp Time Troubles and What You Need to Know
Comp time (short for compensatory time) is time off given to employees in exchange for working at other times. However, many employers don’t … Read more about Comp Time Troubles and What You Need to Know
Workless Weekends: What and How to Make Them Happen
Small business owners may find it challenging to disengage from their business activities. According to a finding a few years ago from the Alternative … Read more about Workless Weekends: What and How to Make Them Happen
State of Entrepreneurship
Entrepreneurship has been sadly lethargic over the last decade or so. The rate of startups has been disappointing (it’s about half of what it was … Read more about State of Entrepreneurship
Cybersecurity Tips for You and Your Business
I recently received an email from someone I knew, and the email address was his. The mail included an “open document” link to DocuSign, a highly … Read more about Cybersecurity Tips for You and Your Business
Is It Time to Terminate an S Election?
S corporations are corporations formed under state law that elect to be taxed as pass-through entities for federal income tax purposes. Most states … Read more about Is It Time to Terminate an S Election?
Which Legal Fees Are Deductible?
“Lawyers are seldom loved but often needed,” according to Robert B. McCay, who was a former dean at NYU Law School. In the course of your business … Read more about Which Legal Fees Are Deductible?
What’s Next for Nexus?
The dictionary defines nexus as a connection or link. In tax parlance, it means having a significant physical presence within a state so that a … Read more about What’s Next for Nexus?
Vendor Financing for Equipment Purchases
If you need new equipment, whether large or small, determine whether you can afford it. Not buying equipment can cost you dearly in lost … Read more about Vendor Financing for Equipment Purchases
