by Sarah Stapley | Jun 15, 2022 | Accounting, Employer
How This Special Tax Relief Works Under a leave-sharing program, employees can elect to forgo vacation, sick or personal leave in exchange for cash payments made by their employers to qualifying charitable organizations. These arrangements have been around for a...
by Sarah Stapley | May 4, 2022 | Accounting, Business, Employer, Taxes
Comments Requested by May 31 Form I-9, “Employment Eligibility Verification,” is used to verify the identity and employment authorization of individuals hired for employment in the United States. As you’re no doubt aware, all U.S. employers must properly complete a...
by Sarah Stapley | Apr 14, 2022 | Accounting, Taxes
Why Would Married Couples File Separate Tax Returns? If you’re married, you may wonder whether you should file joint or separate tax returns. The answer depends on your individual tax situation. In general, it depends on which filing status results in the lowest tax....
by Sarah Stapley | Apr 7, 2022 | Savings, Uncategorized
Traditional IRAs and Roth IRAs have been around for decades and the rules surrounding them have changed many times. What hasn’t changed is that they can help you save for retirement on a tax-favored basis. Here’s an overview. Traditional IRAs You can make an annual...
by Sarah Stapley | Apr 6, 2022 | Accounting, Business, Employer, Retirement, Savings
In a historically tenuous time to retain employees, small employers are particularly at risk. Whereas a large employer might be able to shift duties or promote from within to cover the departure of one or more staff members, small employers are often left high and dry...
by Sarah Stapley | Apr 5, 2022 | Business
Common sense dictates that every company, no matter how small, should carry various forms of business insurance. But that doesn’t mean you should pay unnecessarily high premiums just to retain the coverage you need. Here are five ways to better control your insurance...
by Sarah Stapley | Mar 23, 2022 | Business
Now that 2022 is up and running, business owners can expect to face a few challenges and tough choices as the year rolls along. No matter how busy things get, don’t forget about an easily accessible and highly informative resource that’s probably just a few clicks...
by Sarah Stapley | Feb 25, 2022 | Accounting, Taxes
You may pay out a bundle in out-of-pocket medical costs each year. But can you deduct them on your tax return? It’s possible but not easy. Medical expenses can be claimed as a deduction only to the extent your unreimbursed costs exceed 7.5% of your adjusted gross...
by Sarah Stapley | Feb 24, 2022 | Uncategorized
On February 4, the Department of Labor, IRS and Department of Health and Human Services issued additional frequently asked question (FAQ) guidance addressing the terms and conditions under which group health plans must cover over-the-counter (OTC) COVID-19 diagnostic...
by Sarah Stapley | Feb 23, 2022 | Accounting, Business, Taxes
Don’t Miss These Deadlines! Ever since the Affordable Care Act was signed into law, business owners have had to keep a close eye on how many employees they’ve had on the payroll. This is because a company with 50 or more full-time employees or full-time...
