by Stapley Accounting | Apr 13, 2023 | Uncategorized
Many people are more concerned about their 2022 tax bills right now than they are about their 2023 tax situations. That’s understandable because your 2022 individual tax return is due to be filed in 10 weeks (unless you file an extension). However, it’s a good time to... by Stapley Accounting | Apr 11, 2023 | Business
Business owners are often warned about silos. Not the tall, cylindrical structures typically seen on farms or at grain processing facilities. Rather, the insular nature of many departments that results in the hoarding of information and a distinct lack of company-wide... by Stapley Accounting | Apr 6, 2023 | Uncategorized
When preparing your tax return, we’ll check one of the following statuses: Single, married filing jointly, married filing separately, head of household or qualifying widow(er). Filing a return as a head of household is more favorable than filing as a single taxpayer. ... by Stapley Accounting | Apr 5, 2023 | Employer
Consider the following scenario: To streamline administration of continuing health care coverage under the Consolidated Omnibus Budget Reconciliation Act (COBRA), an employer decides to neither send bills for COBRA premiums nor provide reminders when premium payments... by Stapley Accounting | Apr 4, 2023 | Business
If you’ve been following the news lately, you’ve surely heard or read about the sudden rise in concern about the banking industry. Although the story is still unfolding, an important lesson for business owners is already clear: You’ve got to be constantly on guard... by Stapley Accounting | Mar 30, 2023 | Uncategorized
You generally must pay federal tax on all income you receive but there are some exceptions when you can exclude it. For example, compensatory awards and judgments for “personal physical injuries or physical sickness” are free from federal income tax under the tax... by Stapley Accounting | Mar 29, 2023 | Employer
With business travel ramping back up again, employers might start fielding questions from staff about the tax treatment of travel-related fringe benefits. For example, when your employees fly on business, some may earn frequent flyer miles. Should your organization... by Stapley Accounting | Mar 28, 2023 | Business
What Is the Internet of Things? Once upon a time, there was the Internet. Relatively speaking, it was easy to understand. The Internet was (and is) a network on which any computer on the planet can communicate with other like-connected computers, enabling users to... by Stapley Accounting | Mar 23, 2023 | Uncategorized
Have you bought stock in a company that later dropped in value? While you may prefer to forget such an ill-fated investment, at least you can claim a capital loss deduction on your tax return. Here are the rules that apply when a stock you own is sold at a loss or... by Stapley Accounting | Mar 22, 2023 | Employer
The U.S. Department of Labor (DOL) recently announced the 2023 annual adjustments to civil monetary penalties for a wide range of benefits-related violations. Legislation enacted in 2015 requires annual adjustments to certain penalty amounts by January 15 of each...
