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... by Stapley Accounting | Mar 21, 2023 | Business
Executive Fraud is Bad News Occupational fraud can be defined as crimes committed by employees against the organizations that they work for. Perhaps its most dangerous variation is executive fraud — that is, wrongdoings by those in the C-Suite. Senior-level execs are... by Stapley Accounting | Mar 16, 2023 | Uncategorized
If you have a child or grandchild in college — congratulations! To help pay for the expenses, many parents and grandparents saved for years in tax-favored accounts, such as 529 plans. But there are also a number of tax breaks that you may be able to claim once your...
