As the COVID-19 pandemic continues, so, too, do the actions of Congress to help on the economic front. The previous blog covered IRS relief … Read more about More Coronavirus-Related Tax Relief: Q and A
Understanding Corporate Taxes
With the dramatic cut in the corporate tax rate to 21% by the Tax Cuts and Jobs Act, there’s been some increased interest in operating as a C … Read more about Understanding Corporate Taxes
Setting Up a Home Office
Working from home—full time or occasionally—has become the norm for many business owners. It’s been my norm for more than 35 years. And with the … Read more about Setting Up a Home Office
Women-Owned Businesses 2020
This is Women’s History Month, which is a great time to consider the impact of women in businesses. According to the 3rd Mastercard Index of Women … Read more about Women-Owned Businesses 2020
Preparing for Economic Changes: Meeting the Challenges from the Coronavirus
The world first heard about the coronavirus a month ago. Yet it has intruded on many aspects of life and certainly has a negative economic effect. … Read more about Preparing for Economic Changes: Meeting the Challenges from the Coronavirus
Revising Your Drug Policy for Marijuana
Perhaps you’ve revised your drug policy to provide more help and information to employees during the ongoing opioid crisis. What you should and can do … Read more about Revising Your Drug Policy for Marijuana
Government Incentives for Small Businesses: What’s in It for You?
Governments -- federal, state, and local — provide a variety of economic incentives to encourage businesses to hire workers, invest in capital … Read more about Government Incentives for Small Businesses: What’s in It for You?
Employee Stock Ownership Plans Are a Win-Win
There are two important challenges that every small business owner should know. One: According to the Workest, retaining good employees is a very … Read more about Employee Stock Ownership Plans Are a Win-Win
Wage Withholding: Mandatory and Voluntary Reasons
As an employer, you are required to withhold from an employee’s paycheck federal (and where applicable, state) income taxes, as well as the employee’s … Read more about Wage Withholding: Mandatory and Voluntary Reasons
Valentine’s Day in the Workplace: Do’s and Don’ts
Each year, February 14 presents a challenge for business owners. How much celebrating should be encouraged or barred? What dating policies are … Read more about Valentine’s Day in the Workplace: Do’s and Don’ts
Amended Business Income Tax Return Opportunities Now
If you’re owed a tax refund related to a tax return filed for a previous year, the IRS isn’t going to automatically send it to you. It’s up to you to … Read more about Amended Business Income Tax Return Opportunities Now
Preparing for Economic Changes: Making Strategic Plans
Is the economy getting better or are we in for some serious problems? You can watch trends and listen to economists, but these aren’t all the answers … Read more about Preparing for Economic Changes: Making Strategic Plans
Supplement to J. K. Lasser’s 1,001 Deductions and Tax Breaks 2020
The tax law is not static. Since the publication of this book, Congress has enacted a massive spending measure—the Further Consolidated Appropriations … Read more about Supplement to J. K. Lasser’s 1,001 Deductions and Tax Breaks 2020
How to Help Employees with Student Loan Debt
Estimates put the outstanding amount of student loan debt for about 45 million people in the U.S. at over $1.5 trillion. Many of those facing high … Read more about How to Help Employees with Student Loan Debt
Coronavirus: What It Means to Your Business
Pandemics—the worldwide spread of a new disease—have had profound effects on society and, as a result, on business. The current coronavirus is … Read more about Coronavirus: What It Means to Your Business
