by Stapley Accounting | Feb 23, 2023 | Uncategorized
The overall stock market has been down during 2022 but there have been some bright spots. As year-end approaches, consider making some moves to make the best tax use of paper losses and actual losses from your stock market investments. Tax rates on sales Individuals... by Stapley Accounting | Feb 22, 2023 | Employer
For wage reporting purposes, employers periodically need to verify the identities of their employees. To do so, someone in your organization must lay hands and eyes on a worker’s Social Security card, right? Not necessarily. In the Fall 2022 SSA/IRS Reporter, a... by Stapley Accounting | Feb 21, 2023 | Business
Every business wants to find them, but they sure don’t make it easy. We’re talking about cost cuts: clear and substantial ways to lower expenses, thereby strengthening cash flow and giving you a better shot at strong profitability. Obvious places to slash costs — such... by Stapley Accounting | Feb 16, 2023 | Uncategorized
If you’re a parent or grandparent in Cache Valley with college-bound children, you may want to save to fund future education costs. Here are several approaches to take maximum advantage of the tax-favored ways to save that may be available to you. Savings bonds Series... by Stapley Accounting | Feb 15, 2023 | Employer
Defined benefit retirement plans, better known as pensions, have been at risk for decades now. In fact, the Pension Benefit Guaranty Corporation (PBGC), a federal agency dedicated to protecting “the retirement incomes of over 33 million American workers in private... by Stapley Accounting | Feb 9, 2023 | Uncategorized
A new law was recently signed that will help Americans save more for retirement, although many of the provisions don’t kick in for a few years. The Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0) was signed into law on December 29, 2022. ... by Stapley Accounting | Feb 8, 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 | Feb 7, 2023 | Business
Family-owned businesses face distinctive challenges when it comes to succession planning. For example, it’s important to address the distinction between ownership succession and management succession. When a nonfamily business is sold to a third party, ownership and... by Stapley Accounting | Feb 2, 2023 | Uncategorized
If you own a home and rent it to a relative, you may be surprised to find out there could be tax consequences. Quick rundown of the rules Renting out a home or apartment that you own may result in a tax loss for you, even if the rental income is more than your... by Stapley Accounting | Feb 1, 2023 | Employer
Why Leadership Training Matters Leaders lead; it’s as simple as that, right? Not exactly. A relatively small percentage of employees promoted or thrust into leadership roles have the natural, innate ability to lead in a compassionate, measured way. Most others lack...
