by Sarah Stapley | Jan 26, 2022 | Business, Savings, Taxes
Many employers have found value in combining a high-deductible health plan (HDHP) with a Health Savings Account (HSA). The IRS recently published two information letters — Letter 2021-0008 and Letter 2021-0014 — that provide some helpful details on the applicable...
by Sarah Stapley | Jan 25, 2022 | Business, Retirement, Savings
In Notice 2021-61, the IRS recently announced 2022 cost-of-living adjustments to dollar limits and thresholds for qualified retirement plans. Here are some highlights: Elective deferrals. The annual limit on elective deferrals (employee contributions) will increase...
by Sarah Stapley | Jan 20, 2022 | Accounting
The number of people engaged in the “gig” or sharing economy has grown in recent years. In an August 2021 survey, the Pew Research Center found that 16% of Americans have earned money at some time through online gig platforms. This includes providing car rides,...
by Sarah Stapley | Jan 19, 2022 | Business, Tips, Training
It’s a historically difficult time for employers to hire. What this means, other than the obvious, is that if your organization is fortunate enough to find and win over a job candidate, “onboarding” is more important than ever. The Society for Human Resource...
by Sarah Stapley | Jan 18, 2022 | Accounting, Business, Taxes
Among the biggest long-term concerns of many business owners is succession planning — how to smoothly and safely transfer ownership and control of the company to the next generation. From a tax perspective, the optimal time to start this process is long before the...
by Sarah Stapley | Jan 6, 2022 | Accounting, Business, Payroll, Planning, Taxes
In Tax Tip 2021-103, the IRS recently reminded employers to undertake a thorough selection process when choosing a payroll services provider. Proceeding carefully is critical to both lessening the likelihood of fraud and ensuring that your compliance obligations are...
by Sarah Stapley | Dec 8, 2021 | Accounting, Business, Planning
It’s unlikely that any employer — be it a for-profit business, nonprofit or some other kind of organization — will look the same in five or 10 years as it does now. The COVID-19 pandemic has taught us just how rapidly change can occur when driven by necessity. To not...
by Sarah Stapley | Dec 2, 2021 | Accounting, Planning, Retirement, Savings, Taxes
What Is A 401(K)? Employers offer 401(k) plans for many reasons, including to attract and retain talent. These plans help an employee accumulate a retirement nest egg on a tax-advantaged basis. If you’re thinking about participating in a plan at work, here are some of...
by Sarah Stapley | Dec 1, 2021 | Accounting, Business, Taxes
Enjoy A Cold Glass of COLAs The IRS recently released 2022 cost-of-living adjustments (COLAs) for a wide variety of tax-related limits, including those related to many popular fringe benefits. Care to take a sip? Here are some highlights: Health Flexible Spending...
by Sarah Stapley | Nov 30, 2021 | Business
Commercial loans, particularly small business loans, have been in the news over the past year or so. The federal government’s Paycheck Protection Program has been helpful to many companies, though fraught with administrative challenges. As your business pushes...
