The Affordable Care Act, or ACA, also known as Obamacare, was intended to bring down the cost of coverage for small businesses and encourage them to … Read more about Health Care Confusion for Small Businesses
Congress’ Budget Deal includes Tax Changes
The budget deal passed by Congress last week, called the Bipartisan Budget Act of 2015, funds the government for two years and extends the debt … Read more about Congress’ Budget Deal includes Tax Changes
Special Tax Concerns for Cash Businesses
Many small businesses do some or all of their transactions in cash. This raises some special issues and concerns. Technically, being paid in cash … Read more about Special Tax Concerns for Cash Businesses
J.K. Lasser’s Small Business Taxes 2016
This is my perennial tax book. I know it’s not a page turner like The Survivor (currently #1 on the New York Times best seller list) or Life and Other … Read more about J.K. Lasser’s Small Business Taxes 2016
Accounting for T&E Expenses
Most small businesses incur travel and entertainment costs. They travel to see vendors, attend trade shows, and meet with customers and clients. If … Read more about Accounting for T&E Expenses
Telehealth and Your Business
It’s no news to you that your company’s health care costs are rising. Premiums for 2016 are expected to rise by 5% to 8%, with some plans increasing … Read more about Telehealth and Your Business
Fixing Compensation Packages in Light of Audit Technique Guides
Follow @BarbaraWeltman Compensation today is more complicated than in the past. It’s no longer confined to a paycheck and a fringe benefit or … Read more about Fixing Compensation Packages in Light of Audit Technique Guides
Do We Need a National Disaster Tax Relief Act?
Follow @BarbaraWeltman Looking at pictures of the floods in Charleston, SC, and elsewhere earlier this month made me think about my horrendous … Read more about Do We Need a National Disaster Tax Relief Act?
NOLs: Waive the Carryback?
Follow @BarbaraWeltman If your business sustains losses, you may be eligible for a net operating loss (NOL). In most cases, the NOL is carried back … Read more about NOLs: Waive the Carryback?
Smartphones and Your Employees
Follow @BarbaraWeltman Most of us are now joined at the wrist to our iPhones and Androids, which is quite a phenomenon considering that the iPhone … Read more about Smartphones and Your Employees
Get Ready for Changes in Filing Deadlines and Extensions
Follow @BarbaraWeltman As a business owner, you face various tax filing requirements. Different dates apply for different tax forms. While the dates … Read more about Get Ready for Changes in Filing Deadlines and Extensions
Professional Employer Organizations: New IRS Certification Program
Follow @BarbaraWeltman So we all know that being an employer entails many tax and legal obligations. These include figuring and paying employment … Read more about Professional Employer Organizations: New IRS Certification Program
Tax Deduction with No Cash Outlay?
Follow @BarbaraWeltman That’s right! Usually you get a tax deduction only if you spend money on something for your business. But under a special rule … Read more about Tax Deduction with No Cash Outlay?
Time Cards for Owners?
Follow @BarbaraWeltman The time clock, which enables employers to verify the time employees start and leave the job, was invented in 1888 by … Read more about Time Cards for Owners?
Any Chance of Regulatory Relief?
Follow @BarbaraWeltman We all know the burden that government-mandated paperwork and red tape puts on small businesses. (If you don’t, just check … Read more about Any Chance of Regulatory Relief?
