Let’s face it, most people don’t exactly look forward to tax season. In fact, research shows a sizable percentage of Americans find it downright stressful and anxiety-inducing. Whether you fall into this category or close to it: don’t stress - our team of tax filing professionals are here to help. Preparing now and doing your [...]
So many people have questions this year regarding tax returns - both personal and business alike, and it should come to no surprise, given the many challenges that the pandemic has brought on. Let’s be honest, filing taxes in general can give anyone a headache, but submitting pertinent information for your 2020 taxes can raise [...]
For business owners across this great Country, there’s one thing for certain... we’ve had to get creative when it comes to navigating these uncharted and turbulent waters over the last 12 months. As a small business owner in general, you may often be pulling off complex balancing acts with your budget, and often it can [...]
If your New Year's resolutions are mostly personal, you're missing a big opportunity to reflect on ways to build up your business in 2021. Last year took the world by storm, with a pandemic, affecting businesses globally. Now is the time to have a solid plan more than ever before; we’ve learned and now we [...]
When you entrust someone with your business' finances, you're entrusting them with your livelihood. That being said, when it comes to selecting an accounting firm, it’s important to choose one that you can envision a long term business relationship with - and you’ll want to start things off with a strong foundation. If you're ready [...]
How to avoid some of the more common IRA mistakes Nearly four in 10 households in the U.S. own an individual retirement arrangement or IRA. And that means about 50 million households might someday make a costly and perhaps irrevocable mistake when it comes time to take required minimum distributions or RMDs from those accounts. [...]
Who’s Left Out of 401(k) Nation Hispanics, part-timers, and millennials are the likeliest to have no access to a plan. Only 45 percent of U.S. workers participate in an employer-sponsored retirement plan, according to the Pew Charitable Trusts. Many don’t even have the option—one-third of U.S. workers aren’t offered a pension or 401(k)-style plan by [...]
In Trump Tax Plan, a Windfall for Businesses Large and Small A lower tax rate for corporations. Reduced taxes for partnerships like law firms. An easy way to bring overseas profits back to the United States without being taxed. Corporate America had a long wish list when it came to tax reform, and on Wednesday, [...]
Worker classification is important because it determines if an employer must withhold income taxes and pay Social Security, Medicare taxes and unemployment tax on wages paid to an employee. Businesses normally do not have to withhold or pay any taxes on payments to independent contractors. The earnings of a person working as an independent contractor are subject to self-employment tax. [...]
16 things to know before you begin taking Social Security benefits What you don't know about Social Security can cost you. Social Security may very well be the most important social program in this country: It is tasked with providing a financial foundation for tens of millions of seniors. Yet many retirees, and probably a [...]
