For this 3 week series we will be covering different facets of estimated tax. You’ll learn the basics, how to avoid underpayment of estimated taxes and some new strategies to replace the traditional monthly payments. THE BASICS OF PREPAID TAXES Estimated taxes are generally required for individuals who are self-employed or sole proprietors, partners, and …
The IRS offers a variety of tax resources and information designed to help members of the military community navigate their unique and sometimes complex tax situations. Reviewing these resources before filing can make completing an accurate tax return easier. Here are some of these resources: •Tax Information for Members of the Military is one of …
Tax Help and Resources for Active Military and Veterans Read More »
The Environmental Protection Agency (EPA) proposed a rule in January of 2021 that would require companies to report their production of chemicals known as PFAS (per- and polyuoroalkyl substances) and the importation of goods made with these chemicals. The EPA has received criticism for not assembling an advisory committee to better understand the economic impact …
A New EPA Rule Could Cost Small Businesses Over $800 Million Read More »
Cash balance plans can greatly benefit small businesses. A cash balance plan, backed by the Pension Benefit Guaranty Corporation, provides business owners and employees with a benefit amount in the form of an account balance in addition to a typical 401(k). Cash balance plans were created to provide funding flexibility and the ability to put …
As tax season approaches, taxpayers with dependents who don’t qualify for the Child Tax Credit may be wondering if they can claim the Credit for Other Dependents. This credit can provide an additional tax break for those who meet the eligibility requirements. What is the Credit for Other Dependents? The Credit for Other Dependents is …
Save Money with the “Tax Credit for Other Dependents” Read More »
Startups in particular need to be clear on what their business does and does not need in order to identify the right payroll provider for them. Most payroll software is designed based on the size of your regular payroll run. For instance, Paychex limits the number of pay runs you can do in a given …
Consider Time, Skill & Money When Evaluating Payroll Software Read More »
Legislation signed at the end of 2022 included provisions known collectively as SECURE 2.0, which expands the tax credit for businesses with fewer than 50 employees when they launch a new retirement plan. The previous credit allowed employers with under 100 employees to claim up to 50% of a plan’s administrative costs, not to exceed …
More Retirement Security for Small Business Employees Read More »
66% of consumers list sustainability in their top 5 reasons when making a purchase.
